African Markets Review 07 15 2020
- In Morocco, a MAD 40 m will be annually invested in projects that come under the Ministry of Equipment, Transport and Logistics, according to the business press;
- In Tunisia, ONE TECH HOLDING receives EUR 23m financing from the International Financing Corporation, according to the business press;
- In West Africa, the economic growth is expected to contract by 2% of its GDP in 2020 and could fall by 4.3% in the worst case, according to the AfDB;
- Yesterday, all the covered African Markets have recorded a negative performance with the Kenyan market place posting a -0.82% drop, showing the worst performance.
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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