African Markets Review 05 07 19
- In Morocco, vehicle sales decreased by 45% in April to 12,305 vehicles in all categories, mainly due to the termination of free credit and the impact of the car show held in April 2018, according to the business press;
- In Tunisia, the AFRICAN DEVELOPMENT BANK promises to mobilize USD 500m for energy, finance and agriculture sectors;
- Ghana becomes Africa's leading gold producer with 158 tons of gold this year, outperforming Sudan (2nd) and South Africa (3rd);
- At the exception of the Ghana Stock Exchange (+0.80%) and the Tunisian stock exchange (+0.38%), most of the covered African markets closed in red with the highest negative pick in Egypt (-2.12%). For its part, the Casablanca stock exchange was flat during the last session
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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