African Markets Review 08 29 19
- In Morocco, IMMORENTE INVEST publishes its H1 2019 activity, highlighting a consolidated turnover up by 82% to MAD 18m, an investment envelope of MAD 7m, and a stagnation of its debt at MAD 150m (same as at the end of 2018);
- In Tunisia, AIR LIQUIDE TUNISIE, publishes its intermediary H1 2019 financial statements, showing revenues up by 8.41% to TND 17.53m, an operating income down by 10% to TND 2.63m, and a net income up by 6.37% to TND 6.38m;
- In Egypt, ELSEWEDY ELECTRIC signed an agreement with TOYOTA TSUSHO CORPORATION on the joint development of the design and construction of two 50 MW photovoltaic power plants in Zambia;
- Among the covered African markets, the Egyptian Stock Exchange recorded the highest daily performance (2.18%), whereas the Kenyan Stock Exchange posted the lowest one (-0.61%).
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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