African Market Review 07 28 2020
- In Morocco, BANK AL-MAGHRIB has announced 11 sanctions in 2019 as part of its supervision of subject institutions;
- In Tunisia, Investment fell by 31.8% y-o-y in terms of projects during H1 2020, the Industry and Innovation Promotion Agency says, according to the business press;
- In Egypt, Fitch Ratings has affirmed Egypt's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B+' with a Stable Outlook
- Among the covered African markets and for the second consecutive time, Nairobi Securities Exchange recorded the best daily performance (+2.07%) while the Egyptian Stock Exchange posted again the worst variation (-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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