African Markets Review 07 19 18
- In Morocco, BANK AL-MAGHRIB authorized two new payment companies, namely (i) MAYMOUNA Services Financiers and (i) Transactions M2T, according to the business press;
- The Ministry of Petroleum of Egypt signed a final agreement to sell 10% of ZOHR concession areas to the UAE’s MUBADALA Oil Company for USD 934m, according to a statement from the ministry on Wednesday;
- Kenya will launch its international financial center in the capital Nairobi later this year to attract large foreign financial firms and boost capital flows.
- Among the African markets, the Tunisian stock market recorded the highest daily performance (+0.33%), while the Ghana stock market recorded the lowest one (-0.68%).
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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