African Markets Review 05 17 19
- In Morocco, CIH BANK published a press release concerning its Q1 2019 individual accounts showing:
- A 6.4% increase in Net Banking Income to MAD 518.3m;
- A 54% rise in the cost of risk to MAD 88m;
- And, a 15.6% decline in Net Income to MAD 115.9m.
- In Tunisia, SAM recorded a net profit of TND 2.04m in 2018 compared to TND 1.28m a year earlier;
- In Togo, the AFRICAN DEVELOPMENT BANK (AfDB) is committed to a portfolio comprising 12 infrastructure projects valued at XOF 199.780bn;
- Among the African markets, Ghana Stock Exchange recorded the highest daily performance (+1.07%) while the Nigerian market recorded the lowest one (-1.18%).
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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