African Markets Review 09 03 2020
- In Morocco, SAHAM ASSURANCE publishes a press release on H1 2020 results showing a -6.6% drop in turnover to MAD 2.9bn and a -15.8% decline in net income to MAD 187m;
- In Tunisia, LAND’OR obtains financing of nearly EUR 11m from the BERD;
- In Egypt, The Real GDP will reach 6.4% in fiscal year (FY) 2021/22, and 2.8% by the end of the current FY;
- Poor overall orientation of the covered African markets with Nairobi Securities Exchange recording the best daily performance (+0.53%) while the BRVM Stock Exchange posted the worst variation (-1.27%).
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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