African Market Review 06 04 2021
In Morocco, TANGER MED published its activity indicators for Q1 2021 showing revenues up by +18% to MAD 739m, investments of MAD 387m, and, a slight decrease in financial debt of -1% to MAD 10.7bn;
In Tunisia, the dealer STAFIM has officially launched the long-awaited German brand, OPEL on June 3, 2021;
In Egypt, the net international reserves increased about USD 125m to record USD 40.468bn in May;
The Casablanca Stock Exchange closed higher yesterday, leading the top performances (+0.95%) whereas both Kenya (-0.15%) and Tunisia ended lower (-0.04%)
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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