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African Markets Review 02 03 2020

  • In Morocco, application by the Telecoms’ regulator of a MAD 3.3bn sanction against MAROC TELECOM, relating to anti-competitive practices on the landline market and fixed broadband Internet access, to the benefit of the Treasury;
  • In Tunisia, AMEN BANK was named Best Digital Bank in the country for the year 2019;
  • In Egypt, MADINET NASR HOUSING posted a standalone profit of EGP 934.9m in 2019, decreasing from EGP 1bn in FY 2018;
  • Among the covered African markets, Casablanca Stock Exchange recorded the highest daily performance (+0.51%), whereas the Egyptian Stock Exchange pointed the lowest one (-0.66%).
Provider
BMCE Capital Global Research
BMCE Capital Global Research

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.

Analysts
Younes Mouchtari

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