Report

African Markets Review 03 05 2021

- In Morocco, DISWAY published its financial statements showing an increase in net
profit of +24% to MAD 84.6m;
- In Tunisia, the debts of the agricultural sector reached TND 800.5m in 2020,
representing 25 thousand farmers, according to the CENTRAL BANK OF TUNISIA
(BCT);
- In Egypt, the REDCON DEELOPMENT COMPANY signed a financing contract with
the ARAB AFRICAN INTERNATIONAL BANK (AAIB) which will provide EGP 2.7bn to
complete the second phase of New Alamein City’s Latin Quarter project;
- Driven by the biggest market capitalization SFBT, the Tunis Stock Exchange
recorded the best daily performance (+0.64%) for the second time in a row, while
the Nigeria Stock Exchange posted a negative performance (-0.40%), after the
national economy of the country fell by around -2%.

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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