Report

African Markets Review 03 25 21

  • In Morocco, MANAGEM published its annual results showing sales up + 3.8% y-o-y to MAD 4,726m for a Net Income of MAD 225m against a deficit of MAD -427m a year ago;
  • In Tunisia, The trade balance of fisheries products has achieved a positive surplus of TND 58m dinars in January 2021, against TND 19.2m in January 2020;
  • In Egypt, The CENTRAL BANK OF EGYPT (CBE) and the FINANCIAL REGULATORY AUTHORITY (FRA) have agreed, during an expanded meeting, to establish a fund to finance financial intermediation companies;
  • Overall mixed performances were recorded across the covered African markets with the TUNIS STOCK EXCHANGE gaining +1.62% whereas the NAIROBI SECURITIES EXCHANGE closed in the red (-0.09%).
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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