African Markets Review 02 02 2021
- In Morocco, AFRIC INDUSTRIES published its Q4 2020 indicators, highlighting Cumulative sales down by -3% in y-o-y to MAD 41.7m;
- Tunisia would issue this year bonds on the international financial markets for about USD 3bn, equivalent to TND 8.1bn;
- In Egypt, EL NASR Automotive Manufacturing Company is set to rehabilitate its factory for manufacturing and producing Egypt’s first electric vehicles with 55% local components;
- Unsatisfactory performance was recorded in the majority of the covered markets except for the BRVM Stock Exchange that posted the best daily performance (+0.84%) followed by the Casablanca Stock Exchange (+0.06%).
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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