African Market Review 05 24 2021
- In Morocco, MANAGEM published its Q1 2021 indicators, showing an increase in revenues of +13.7% to MAD 1,256m;
- In Tunisia, CITIBANK TUNIS announces a net profit of TND 17.7m in 2020 against TND 27.9m in 2019, being a decrease of -36%;
- Egypt’s Financial Regulatory Authority (FRA) has approved the registration of shares belonging to the IRON AND STEEL FOR MINES AND QUARRIES, a subsidiary of the Egyptian Iron and Steel Company (HADISOLB);
- Except for the Ghana Stock Exchange (-0.91%) and Nigeria (-0.01%), all African Markets posted increasing performances, with the Nairobi Stock Exchange maintaining a growing pace (+1.12%).
BMCE Capital Global Research is a subsidiary of BMCE Capital Group dedicated to Research and Financial Analysis. It is addressed to professional investors (financial institutions, management companies, etc.) to which it provides information and independent analysis aligned with international standards. BMCE Capital Research covers equities, interest rate, Forex and commodities markets in Morocco, Tunisia and WAEMU region (Bourse Régionale des Valeurs Mobilières, BRVM). Thanks to its latest generation technology platform, to its teams and to those of its partners, the Research Office of BMCE Capital is now able to cover simultaneously several places in Africa and to produce several publications co-branded under its umbrella brand African Securities Network, ASN.
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