African Market Review 06 07 2021
In Morocco, GIGALAB will launch the first production unit of Covid-19 tests made in Morocco for an investment estimated between MAD 50m and MAD 60m, according to the business press;
In Tunisia, the inflation rate stabilized at 5% for the second consecutive month in May 2021;
Egypt’s trade deficit recorded USD 2.69bn during March 2021, compared to USD 3.59bn for the same month of the previous year, a decrease of -25.2%;
Overall mixed performances across the covered African markets with the Nigeria Stock Exchange gaining +0.67% while the Nairobi Securities Exchange closed the session in the red (-0.63%).
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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