African Market Review 08 03 2020
- In Morocco, approval by the AMMC of the prospectus related to BANK OF AFRICA’s capital increase through full or partial conversion of FY2019 dividends for a total of MAD 999m;
- 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, the ministry’s Local Development Fund approved in July loans worth of EGP 2.6m to finance 297 small and micro projects in 13 governorates;
- Among the covered African, Ghana Stock Exchange recorded the best daily performance (+0.80%) 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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