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African Markets Review 03 28 19

  • In Morocco, TOTAL MAROC published its 2018 financial statements showing a 25.9% increase in consolidated turnover to MAD 12,480.4m, a 27.3% drop in the OI to MAD 945.8m and a 24.3% decrease in NIGS to MAD 781.8m;
  • In Tunisia, CIL announced a stable consolidated NI of TND 11.98m and its decision to propose to the 04/30/2019 AGM the distribution of a TND 0.9 DPS;
  • Cote d’Ivoire is expected to record a budget deficit of about 3% of GDP from 2019 onwards, according to the IMF;
  • In this third weekly session, almost all African markets closed on a negative note with Nigeria Stock Exchange’s daily performance being the lowest one (-0.79%), except for Mauritius and Casablanca Stock Exchanges that closed in near-stagnation with respectively +0.06% and +0.08%.
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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.

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