African Markets Review 01 30 2020
- In Morocco, BMCE BANK OF AFRICA convenes its shareholders to the EGM of 03/05/2020 in order to decide on the adoption of the new corporate name "BANK OF AFRICA", by abbreviation "BOA";
- In Tunisia, SOTEMAIL achieved a turnover of TND 57.5m, thus recording an 11% net increase compared to 2018;
- In Egypt, RAYA HOLDING COMPANY FOR FINANCIAL INVESTMENTS has received offers from 24 local and international companies and institutions to acquire a minority stake in its subsidiary AMAN HOLDING for non-bank financial services;
- Among the covered African markets, the Egyptian Stock Exchange recorded the highest daily performance (+1.53%), whereas Nigeria Stock Exchange pointed the lowest one (-0.91%).
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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