Report

African Markets Review 03 03 2021

  • In Morocco, OCP concluded new agreements in Nigeria for the 2nd phase of the Presidential Fertilizer Initiative, and construction in progress of 3 blending units in Kaduna, Ogun and Sokoto with a total capacity of 500,000T;
  • In Tunisia, the economy loses USD 20m a year due to plastic pollution, according to the business press;
  • In Egypt, Automotive sales in Egypt increased 49% y-o-y in January 2021, but saw a downturn of 24% m-o-m, due to seasonality impact, recording 20,700 units;
  • The Ghana Stock Exchange recorded the best daily performance (+0.21%) among the covered markets after multiple stable session, whereas the BRVM Stock Exchange ended lower, after surging these last few days (-0.75%).
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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