African Markets Review 01 25 2021
- In Morocco, AFMA acquired of a majority stake in the insurance firm AL FAHD, an insurance intermediary based in Rabat, according to the business press;
- In Tunisia, the ASSAD Company revenues dropped by -14.5% on y-o-y to TND 102.6m in 2020, according to the business press;
- In Egypt, the AGRICULTURAL BANK OF EGYPT (ABE) has announced an initiative to settle EGP 6.3bn in bad debt belonging to about 328,000 defaulting clients with the bank;
- Except Tunis Stock Exchange, modest performances for the mostly African Markets during the last trading session, with the Nairobi Securities Exchange showing the best daily performance (+0.43%).
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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