Report

African Markets Review 02 24 2021

  • In Morocco, deterioration of -53.8% of tourism receipts between 2019 and 2020, i.e. a drop of MAD 42.4bn, according to the latest DEPF figures;
  • In Tunisia, the sovereign rating has been downgraded to B3 with a negative outlook, announces the rating agency Moody's;
  • In Egypt, VODAFONE EGYPT signed, on Tuesday, a Memorandum of Understanding (MoU) with EBTIKAR HOLDING for Financial Investments (EBTIKAR), to obtain a 20% stake in the latter’s two electronic payment subsidiaries: MASRARY and BEE;
  • The BRVM Stock Exchange recorded the best daily performance (+0.89%) among the covered markets, whereas the Casablanca Stock Exchange posted the worst one (-0.63%).
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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