Report
EUR 2.50 For Business Accounts Only

African Market Review 05 26 2021

  • In Morocco, CMT published its Q1 2021 indicators revealing a decrease in sales of 28%;
  • In Tunisia, The TELNET group has just announced a consolidated net profit (group share) of about TND 7.1m for FY20, thus recording a growth of 63% compared to the previous year;
  • In Kenya, Central Bank of Kenya (CBK) is meeting today amid fears of rising inflation due to costlier fuel prices and global supply chain disruptions that have seen the costs of inputs rise;
  • 3rd weekly positive session for the Kenya Stock Exchange which posted the highest daily performance (+1.47%) while the Nigeria Stock Exchange closed lower (-0.22%) following the devaluation of the Naira against the US Dollar.
Provider
BMCE Capital Global Research
BMCE Capital Global Research

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.

Analysts
Ghita BENIDER

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