African Market Review 07 23 2020
- In Morocco, MAROC LEASING published H1 2020 results showing a 18.70% drop in NBI to MAD 122.7m and a 58.85% drop in NI to MAD 14.6m;
- In Tunisia, The World Bank has announced that Tunisia will this year be given a finance package of up to USD 700m in order to help the Government respond to the effects of the coronavirus crisis;
- In Egypt, restaurants and cafes will be allowed to operate until 12am instead of the previous closing time of 10pm and at an increased occupancy limit starting 26 July;
- Continued downward trend in most African markets with the notable exception of Tunis Stock Exchange recording a +0.37% daily performance.
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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