African Markets Review 03 26 19
- In Morocco, BMCI reported in its 2018 statements a near stagnation (+0.4%) in NBI at MAD 3bn, an 8.6% decrease in the cost of risk to MAD 478.9m and a 2.1% increase in NIGS to MAD 558.4m;
- In Tunisia, ENNAKL AUTOMOBILES published its 2018 financial accounts showing a 4.35% y-o-y decline in consolidated revenue to TND 404.1m, a NI down by 9.5% to TND 24m and, a consolidated NI down by 19.3% to TND 23.5m;
- In Kenya, EQUITY BANK maintained its position as the country’s second-most-profitable lender as strong growth in income from Government securities lifted its net profit by 5% to KES 19.8bn in 2018;
- Among the African markets, the Tunisian Stock Market recorded the highest daily performance (+0.66%), whereas the Kenya Stock Exchange recorded the lowest one (-0.69%).
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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