African Markets Review 06 18 2020
- Introduction by LABEL’VIE of new payment terminals accepting interoperable mobile payments in all points of sale, according to the business press;
- Tunisia’s economy could shrink by up to 7% this year because of the effects of the COVID-19 pandemic, according to the investment minister;
- West African Government Ministers have proposed re-opening borders between their countries in the first half of July and allowing in travellers from other countries with low or controlled levels of coronavirus spread by the end of July, according to the business press;
- Nigeria’s rate of inflation rose to 12.40% in the month of May, the highest ever recorded in the past 25 month;
- The Casablanca Stock Exchange stands out yesterday with a rise of 3.51% in the wake of the announcement of the key rate cut when the other stock markets are showing overall trends between decline and near stagnation.
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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