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EUR 25.00 For Business Accounts Only

African Markets Review 08 01 19

  • In Morocco, total public debt increased by 3.4% in 2018 to MAD 901.1bn, representing 81.4% of GDP against 82% a year earlier, according to BANK AL MAGHRIB;
  • In Mali, RESOLUTE MINING exceeded its gold production targets for the 2018/19 fiscal year ended last June, generating an annual production of 305,436 ounces of gold, instead of the 300,000 ounces forecasted;
  • In Kenya, SAFARICOM injected KES 601bn into the national economy in the year ended March 2019, making the telecommunication giant one of the single-biggest contributors to the country’s GDP;
  • Among the covered African markets, the Ghana Stock Exchange recorded the highest daily performance (+1.07%), whereas the Nigeria Stock Exchange pointed the lowest one (-0.79%).
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.

Analysts
Younes Mouchtari

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