African Markets Review 03 26 19
- In Morocco, CMT published a press release on its 2018 results with revenues up by 16.7% to MAD 518.7m, an Operating Income increasing by 25.5% to MAD 240.2m and a Net Income in appreciation by 29.66% to MAD 204.2m;
- In Tunisia, CELECOM’s turnover decreased by 7% y-o-y to TND 33.4m in 2018 due to shrinking demand resulting from a delicate economic context, high selling prices and the increase in non-payment risk;
- In Togo, BBOXX has almost one million customers worldwide, most of which are living in Africa;
- In this first weekly session, the Tunisian stock market recorded the highest daily performance (+0.96%) whereas Dar Es Salaam recorded the lowest one (-1.20%).
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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