African Market Review 06 26 2020
- In Morocco, Closure of ATTIJARIWAFA BANK’s perpetual subordinated bond loan with loss absorption mechanism and cancellation of coupon payments in the amount of MAD 1 bn with a subscription rate of 100%;
- In Tunisia, Tunisian Head of Government warned about the state of the country's finances, saying that the country is expected to experience a recession of around 6% in 2020;
- In Egypt, EVA PHARMA announced it had begun producing Remdesivir and Favipiravir, two drugs used in the treatment of patients with COVID-19;
- Difficult times for the covered African stock markets, mainly badly oriented for the 3rd consecutive session.
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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