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African Markets Review 02 16 2021

  • In Morocco, MAGHREB OXYGENE published consolidated turnover up 3.34% to MAD 248.4m, and consolidated operating income down -14.97% to MAD 17.5m;
  • In Tunisia, economy recorded an unprecedented decline (-8.8%) over the whole of 2020 compared to 2019, according to INS figures;
  • In Egypt, the Japanese Government is set to provide a JPY 25bn loan (about USD240m) to Egypt as part of the “Development Policy Loan for Power Sector Reform”;
  • overall mixed performances across the covered African markets with the Nairobi The Nairobi Securities Exchange gaining +1.08% whereas the Mauritius Stock Exchange posted the worst one (-1.33%).
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
Ghita BENIDER

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