African Markets Review 03 29 21
- In Morocco, SNEP published a +36.4% increase in Net income to MAD 95.5m;
- In Tunisia, MAJDA TUNISIA will proceed to an increase of its capital of an amount of TND 65m, bringing the capital of the company to TND 1.125bn;
- In Egypt, CITY EDGE DEVELOPMENTS is aiming to register sales of an estimated EGP 16bn in 2021, coming in from its various projects across Egypt;
- Poor overall performance of African Stock Markets with Nairobi Stock Exchange recording the worst decline (-1.40%) and Mauritius posting the highest rise (+0.77%)although statistics showed the country suffered the largest falls in economy in 2020.
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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