African Markets Review 02 22 18
- ACCORHOTELS GROUP announced excellent 2017 operating results, including a 2.7% increase in turnover in the MENA region, driven notably by sustained activities in Egypt, Morocco and Tunisia, according to the business press;
- In Tunis, tourism receipts are expected to increase by 25% in 2018 compared to 2017, with revenues estimated at TND 2.8bn;
- In Tanzania, the interbank cash market interest rate declined to 2.95% in December 2017 from 4.08% recorded last June and 13.69% in December 2016;
- Among the African markets, the Tanzanian Stock Exchange recorded the highest daily performance (+1.22%) while the Moroccan Stock Exchange recorded the lowest one (-0.18%).
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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