African Market Review 07 24 2020
- In Morocco, BCP was granted a USD 100m loan by the EBRD, to be used to finance SMEs of which the turnover and profitability are declining, in a context of health crisis;
- In Tunisia, tax revenues decreased by 12% in H1 2020 while unemployment rate should reach 20% according to the Minister of Finance;
- In Egypt, 35% of private companies (in activity) have already declared that they risk closing permanently if the current situation persists;
- Among the covered African markets, Nigeria Stock Exchange recorded the best daily performance (+1.40%) while the Egyptian Stock Exchange posted the lowest one (-2,98%).
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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