Report

African Markets Review 03 02 2021

  • In Morocco, ONCF published indicators at the end of 2020 showing a -35% decline to MAD 3,100m in consolidated revenues;
  • In Tunisia, the pilot project carried out in DHIBA (governorate of TATAOUINE) to equip 29 wells with solar technology will be ready next April ;
  • In Egypt, PALM HILLS DEVELOPMENT’s Board of Directors has approved the purchase of a 28.16% stake in its education subsidiary, PALM HILLS Education, from MANSOUR-MAGHRABY INVESTMENT and DEVELOPMENT COMPANY (MMID) for EGP 4.195bn;
  • African financial markets showed mixed performances during their last trading session with the BRVM Stock Exchange closing higher yesterday (+1.25%) unlike the Tunis Stock Exchange plunged (-0,31%), right after the IMF warned the country about its solvability.
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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