Report
EUR 2.50 For Business Accounts Only

African Markets Review 05-17-2021

  • In Morocco, CIMR announced the reduction of the interest rate applicable in the case of late payment of contributions to 0.75%;
  • In Tunisia, the American rating agency S&P has downgraded the long-term issuer ratings of three Tunisian banks from "B-" to "CCC+";
  • In Egypt, the country is targeting tourism revenue of more than USD 8bn as it aims to attract more than 8 million overseas visitors in 2021;
  • Most of the African covered markets closed the previous week on a high note, with the BRVM toping the list (+1.37%) whereas the Nairobi Stock Exchange recorded the only drop (-1.46%).
Provider
BMCE Capital Global Research
BMCE Capital Global Research

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.

Analysts
Ghita BENIDER

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