African Markets Review 02 25 2021
- In Morocco, ATTIJARIWAFA BANK published its annual results showing an increase of +1.6% of the consolidated NBI at MAD 23.9bn and a 48.1% decline in the NIGS to MAD 3bn;
- In Tunisia, the Tunisian National Tourist Office (ONTT) and the Tunisian National Television have signed a framework agreement. This framework agreement aims to promote tourism both nationally and internationally;
- In Egypt, The SUEZ CANAL BANK (SCB) has reported profit before tax (PBT) of about EGP 1.031bn in 2020, compared to EGP 958.434m in 2019;
- The BRVM Stock Exchange recorded the best daily performance (+0.81%) among the covered markets, whereas the Casablanca Stock Exchange posted the worst one (-0.84%).
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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