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African Markets Review 08 31 18

      In Morocco, JET CONTRACTORS will rule during the AGM of 10/01/18, on:

ü  A capital increase of up to MAD 268m through cash contributions and offsets with receivables;

ü  And, a subsequent capital increase of up to MAD 25m by compensation with receivables;

      BANQUE DE TUNISIE ET DES EMIRATS reported a loss of TND 2m in June 2018 compared to a deficit of TND 561k in H1 2017, according to the business press;

      The Egyptian listed firm SARWA CAPITAL SAE announced on August 28th 2018 its intention to proceed with an IPO on the Egyptian Exchange, composed by a primary offering of newly issued shares and a secondary offering of existing shares, owned by the shareholders of the company and constituting up to 40% of its total capital;

      Among the African markets and for the second time in a row, the Egyptian stock market recorded the highest daily performance (+1.10%), while the Nigerian stock exchange recorded the lowest one (-0.78%).

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.

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