African Markets Review 06 20 19
- In Morocco, BMCE BANK OF AFRICA signed a strategic partnership with CDC GROUP, the British financing and development institution, which should acquire a stake of nearly 5% of the Bank through a capital increase of USD 200m, according to the business press;
- In Tunisia, inauguration by SAIPH of its new plant in the Mhamdia area (TND 50m investment), which will enable manufacture products previously imported or subsidized by the State, such as inhalation products, soft capsules or freeze-dried injectable products;
- The Togolese company DIWA-INDUSTRIES received XOF 1.5bn from EBID for the development of an Energy-project;
- Among the African markets, the Tunisian Stock Market recorded the highest daily performance (+0.30%) whereas the Egyptian Stock Exchange recorded the lowest one (-0.50%).
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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