African Markets Review 07 13 2020
- In Morocco, the economy should contract by 5.8% while unemployment rate is expected to reach 14.8% in 2020, according to the High Commissioner for the Planning;
- In Tanzania, the economy should grow by 5.2% this year, while six Eastern African countries' economies are projected to plunge into recession, blaming the trend on the Covid-19 pandemic, according to the African Development Bank report;
- In Ghana, since April 2020, yields on government short-term treasuries have declined, following the regulatory measures taken by the Central Bank, as well as government fiscal policy to reduce interest rates priced-off the Ghana Reference Rate (GRR) by 200 basis points;
- African markets were globally bearish at the end of the week, with the worst performance recorded by the Egyptian Stock Exchange (-2.98%), while the Dar Es-Salaam Stock Exchange recorded the highest variation (+0.14%).
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.