African Markets Review 08 28 19
- In Morocco, TAQA MOROCCO publishes its H1 2019 results highlighting an 8% increase in consolidated revenues to MAD 4,512m, a 20% rise in consolidated investments to MAD 23m, and a 7% reduction in net debt to MAD 7,366m;
- In Tunisia, MENINX HOLDING acquires 69,302 UBCI’s shares (i.e. 0.35% of the capital) for TND 2.07m;
- KENYA AIRWAYS has sunk deeper into the red, reporting a net loss of KES 8.5bn in H1 2019, compared to KES 3.9bn in the same period last year;
- Among the African Markets, Casablanca Stock Exchange recorded the highest daily performance (+1.42%), whereas Nigeria Stock Exchange pointed the lowest one (-0.98%) for the second time this week.
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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