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African Markets Review 03 07 19

  • In Morocco, IMMORENTE published its 2018 consolidated annual results, showing a 32.8% increase in revenues to MAD 22.8m, an operating income up by 65.3% to MAD 6.6m and, a NIGS in recovery to MAD 3.7m against MAD 2.1m losses in 2017;
  • In Tunisia, BANQUE NATIONALE AGRICOLE approved the capital increase by the EGM held on yesterday;
  • In Togo, BBOXX, first operator active on the CIZO project, just rose more than EUR 6m through a crowdfunding arranged with TRINE, a service that carries out sustainable investments in solar energy;
  • Among the African markets, DAR ES SALAAM Stock exchange recorded the highest daily performance (+0.35%) while the West African stock market recorded the lowest one (-0.73%).
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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.

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