Report

African Markets Review 03 22 21

  • Acquisition by ARADEI CAPITAL of the REIS "CLEO PIERRE SPI-RFA" from BMCI for a total amount of MAD 557m in return for the entry in the capital of the real estate company by the Bank for nearly 5% at the unit price of MAD 400;
  • The foreign trade of Tunisia recorded, during the first two months of the year 2021, a decline of -9.7% in export and a drop of -7.3% in import, compared to the same period of 2020;
  • In Egypt, SAMCRETE ENGINEERS AND CONTRACTORS has signed binding agreements to establish two new road projects in Congo with total worth of USD 350m, in addition, it is studying the possibility of establishing water projects in Tanzania and Uganda;
  • The strongest daily performance was recorded by the Nairobi Securities Exchange (+1.28%) while the Casablanca Stock Exchange closed on a negative note (-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

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