African Markets Review 05 28 18
- The Moroccan BMCE Bank signed a 40bn (i.e. USD 71.5m) loan agreement with the Cameroonian state for the financing of the rehabilitation of Roumde Adjia stadium, according to the electronic press;
- The Tunisian Company BNA’s Ordinary Shareholders' Meeting held on April 30th, 2018 decided to allocate the 2017 net income (i.e. TND 198.59m) to reserves for exempt reinvestments (TND 67m), social fund (TND 500k) and extraordinary reserves (TND 131.1m);
- The Egyptian unemployment rate fell to 10.6% in Q1 2018 from 11.3% in the same period in 2017, according to statistics from the Central Agency for Public Mobilization and Statistics (CAPMAS);
- Among the African markets, the Tunisian Stock Exchange recorded the highest daily performance (+0.90%) while the Nigerian Stock Exchange recorded the lowest one (-1.29%).
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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