African Markets Review 01 17 2020
- In Morocco, M2M GROUP released a profit warning concerning 2020 due to the loss of the ASSIAQA CARD concession as of 12/31/2019;
- In Tunisia, the banking sector shows a net exceptional result of TND 1,142m in 2018, against TND 1059m in 2017;
- In Egypt, the MONETARY POLICY COMMITTEE (MPC) of the CENTRAL BANK OF EGYPT (CBE) announced its decision to keep interest rates unchanged during January;
- Among the covered African markets, Nigeria Stock Exchange recorded the highest daily performance (+1.00%), whereas Mauritius Stock Exchange pointed the lowest one (-0.63%).
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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