African Markets Review 05 30 18
- A decree authorizing OCP AFRICA (a wholly owned subsidiary of OCP Group) to acquire 57.4% of shares in the future firm “RWANDA FERTILIZER COMPANY”, which will be engaged in manufacturing, marketing, importing and exporting fertilizer and the provision of services dedicated to the development of the Rwandan agricultural sector, according to the business press;
- In Tunisia, AL KARAMA HOLDING has published a call notice for Expression of Interest to sell 100% of ALPHA HYUNDAI MOTOR’s capital, via a call for tenders;
- The Central Bank of Nigeria announced that the foreign reserves increased by 100% and presently stands at NGN 48bn;
- Among the African markets, the Egyptian market recorded the highest daily performance of (+1.28%), while the Nigerian market recorded the lowest one of (-0.86%).
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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