African Markets Review 04 26 18
- The Moroccan automobile industry wants to reach an exports turnover of MAD 200m and an annual production capacity of 1 million cars by 2025, according to the business press;
- The Tunisian SOCIETE TUNISIENNE DE BANQUE recorded a net income up by 27.8% to TND 51.7m in 2017 compared to the year before;
- In Egypt, ALEXANDRIA FLOUR MILLS AND BAKERIES CO SAE recorded a drop in its nine-month after tax net income to EGP 37m vs. EGP 46.6m a year ago;
- Among the African markets, the West African Stock Exchange recorded the highest daily performance (+0.78%) while the Moroccan Stock Exchange recorded the lowest one (-0.14%).
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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