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African Markets Review 06 29 2020

  • Successful closing of ATTIJARIWAFA BANK’s subordinated bond issue for MAD 500m with an oversubscription rate of 4.87x;
  • The Tunisian agro-food company VACPA would have sufficient financial resources to sustain its operations and continue to diversify its products thanks to an USD 11m contribution from the IFC, according to the business press;
  • MISR INSURANC reduces its participation in the capital of the cement manufacturer MISR CEMENT to 4.3%, according to the business press
  • Among the covered African markets, Nigeria Stock Exchange recorded the highest daily performance (+0.89%), whereas Egypt Stock Exchange pointed the lowest one (-2.98%).
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.

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