African Markets Review 05 15 18
- TAQA MOROCCO published its Q1 2018 financial results displaying a 2% increase in consolidated turnover to MAD 2,077m and a 1% rise in its NIGS to MAD 282m;
- The Tunisian SOTUMAG recorded a 21% increase in its net income to TND 3m in 2017 compared to 2016;
- ORASCOM DEVELOPMENT EGYPT recorded Q1 2018 revenue of EGP 654.9m compared to EGP 493.8m the year before;
- Among the African markets, the Tunisian Stock Exchange recorded the highest daily performance (+0.56%) while the Egyptian Stock Exchange recorded the lowest one (-1.16%).
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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