African Markets Review 02 01 18
- In Morocco, SNEP sold on 01/30/18 112,281 shares on the OTC market at a unit price of MAD 650 (i.e. a 4.68% stake), generating a positive impact of MAD 8.7m on the company’s 2018 accounts;
- In Egypt, JUHAYNA FOOD INDUSTRIES recorded a y-o-y increase of 3.7x to EGP 197.7m in consolidated profits in 2017 driven by higher revenues;
- In Tanzania, CRDB BANK made a profit of TNZ 64bn in 2017 down by 6.5% compared to the previous year;
- Among the African markets, the Ghana Stock Exchange recorded the highest daily performance (+0.53%) while the Egyptian Stock Exchange recorded the lowest one (-1.78%).
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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