African Markets Review 01 10 18
- In Morocco, disengagement of two major Senegalese institutional shareholders namely the insurer SONAM Group and the reinsurer SEN-RÉ from BCP’s subsidiary “BANQUE ATLANTIQUE DU SENEGAL”, according to the business press;
- In Egypt, the Ministry of Electricity and Renewable Energy has allocated EGP 24bn in order to renew and modernize the country’s electricity transmission and distribution networks;
- Nigeria’s economic growth would reach 2.5% in 2018 as the country benefits from improved commodity prices, investments and trade, according to the World Bank;
- Among the African Markets, the Egyptian Exchange has recorded the highest daily performance (+1.38%) while the Tunisian Stock Exchange recorded the lowest one (-0.72%).
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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