African Markets Review 08 15 19
- The Moroccan Company MANAGEM has published a Profit Warning on its H1 2019 results, showing a MAD 300m decrease in turnover and a MAD 370m dwindle in its net half-year results;
- In Tunisia, ELECTROSTAR GROUP announces a record loss of TND 26m in 2018;
- In Kenya, DPO GROUP has taken a further step towards expanding its presence in Africa by acquiring a company in the same sector in South Africa, called PAYFAST;
- Among the covered African markets, the Egyptian Stock Exchange recorded the highest daily performance (+2.54%), whereas the Nigerian Stock Exchange pointed the lowest one (-0.84%).
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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