African Markets Review 05 10 19
- In Morocco, S2M obtained a EUR 2m loan from the EBRD to strengthen its competitiveness and increase opportunities of employment for young people, according to the business press;
- In Tunisia, BTS BANK published the financial statements ending FY 2018, displaying:
- A 22.9% y-o-y improvement in NBI to TND 40.32bn compared to TND 32.69bn last year;
- And a 87% y-o-y increase in net income to TND 5.8bn;
- In NIGERIA, NEXIM Bank has disclosed that it has disbursed about NGN 22bn to exporters in the non-oil sector in the last one year;
- Among the covered African markets, the Ghana Stock Exchange recorded an outstanding daily performance (+2.48%) whereas the Tanzanian Stock Exchange recorded the lowest one (-0.63%).
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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