African Markets Review 09 04 19
- In Morocco, OCP signed a partnership agreement with SMAG, the Smart Agriculture specialist and subsidiary of BIOLINE BY INVIVO, to promote good agricultural practices;
- In Tunisia, SOTUMAG publishes its H1 2019 financial statements, showing revenues up by 11.65% to TND 6.78m and a net income increasing by 45.7% to TND 2.07m;
- In Nigeria, NSIA INSURANCE grew its profit after tax by 67% in 2018 from NGN 402.35m in 2017 to NGN 670.45m in 2018;
- Among the covered African markets, the Nairobi Stock Exchange recorded the highest daily performance (0.51%) , whereas Egyptian Stock Exchange pointed the lowest one (-0.73%).
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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