African Markets Review 02 11 2020
- In Morocco, AFRIQUIA GAZ Published its 2019 annual individual accounts, highlighting a 9.5% increase of its EBIT to MAD 847.1m, an 8.1% rise of its net income to MAD 669.2m and a DPS of MAD 125 in 2019 (same as in 2018);
- In Tunisia, POULINA, MENINX and CATERING TUNISIA are in the running for the acquisition of NEWREST CATERING;
- In Egypt, the CENTRAL BANK received 32 offers from local and foreign investors to invest USD 1.0548bn in the treasury bills’ auction launched on Monday and rejected the ones with an interest of 4.10%;
- Among the covered African markets, Ghana Stock Exchange recorded the highest daily performance (+1.08%) the opposite of the previous session, whereas BRVM Stock Exchange pointed the lowest one (-1.49%) for the 2nd time in a row.
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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