African Markets Review 03 18 21
- In Morocco, COSUMAR published a press release on the consolidated indicators at the end of 2020, showing a turnover up by +5.1% to MAD 8,630m, an EBITDA almost stable (-0.5%) at MAD 1,830m, a NIGS of MAD 810m (-12.3% vs. 2019), and, a proposed DPS of MAD 6 against MAD 7 a year earlier;
- In Tunisia, BIAT ASSET MANAGEMENT will be henceforth named TUNISIE VALEURS ASSET MANAGEMENT, following the Extraordinary General Meeting held on December 14th 2020;
- In Egypt, The PORTO GROUP is targeting the development of three new real estate projects with estimated investments of EGP 20bn, according to the company’s Chairperson;
- Overall well oriented session in most of the covered African markets with the Casablanca Stock Exchange recording the best daily performance (+0.64%) while only the Nigeria Stock Exchange posted a negative one (-0.04%).
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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