African Markets Review 09 24 18
- The Moroccan Company CIMENTS DU MAROC released its H1 2018 consolidated financial statements, showing:
- A 4.2% drop in Turnover to MAD 1,944m;
- A 5.1% decrease in NIGS to MAD 573m;
- And, receipt of a tax audit notice.
- In Tunisia, the creation of a new financial instrument, the Undertakings for Collective Investment in Monetary Transferable Securities –UCITS- (OPCVM), following the publication of government decree number 2018-748 on September 7th, 2018.
- The World Bank has approved a USD 30m INTERNATIONAL DEVELOPMENT ASSOCIATION (IDA) credit to support government to strengthen the Ghanaian financial sector stability.
- Among the African markets, the Egyptian stock market recorded the highest daily performance (+1.26%), while the Tanzanian stock exchange recorded the lowest one (-1.16%).
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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