Report

African Markets Review 03 19 21

  • In Morocco, HPS published the 2020 annual accounts, showing consolidated revenues down -1.4% to MAD 674.1m, operating revenues improved by +1.2% to MAD 728.5m, an EBIT down -5% to MAD 120.5m, and a NIGS down -10% to MAD 84.4m;
  • In Tunisia, The WORLD BANK has approved the injection of a credit of USD 400m into the budget of Tunisia, at the end of the visit of a delegation of the financial institution;
  • In Egypt, Egypt’s Information Technology Industry Development Authority (ITIDA), affiliated with the Ministry of Communications and Information Technology, and Ottawa University have signed a cooperation agreement;
  • Most of the covered African markets closed the session on a positive note with the Nairobi Securities Exchange recorded the best daily performance (+1.28%) except the Casablanca Stock Exchange that posted a negative one (-0.55%).
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

ResearchPool Subscriptions

Get the most out of your insights

Get in touch