African Market Review du 06 24 2020
- In Morocco, a 4.2% drop in electricity demand during the 10 first days of June compared to the same period from the previous year (vs. -8.8% in May 2020);
- In Tunisia, The President of the obtained from Macron the conversion of part of Tunisia's debts to France, to finance regional development projects, in particular in terms of promoting hospital infrastructure;
- In Egypt, The Commercial International Bank and the National Bank of Egypt will respectively receive USD 100m and USD 200m in loans from the EBRD. The funds will support businesses experiencing declining revenues and cash flow difficulties;
- Downward orientation yesterday of most of the covered African stock markets except those of Tunis and Mauritius which posted shy increases of 0.41%% and 0.39% respectively.
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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