African Markets Review 09 24 19
- In Morocco, CENTRALE DANONE, publishes its H1 2019 financial results, displaying a 14.4% decline in consolidated revenues to MAD 2,242m, a 74% drop in consolidated EBITDA to MAD 44m, and an NIGS that augments its losses to MAD -289m against MAD -115m in S1 2018;
- Tunisia is going to install in 2021 the 5th generation (5G) of mobile networks;
- In Egypt, the EUROPEAN INVESTMENT BANK, pumped EUR 10.5bn funding into the market since it started working in the most populous Arab nation in 1979;
- Among the covered African Markets, Dar es Salaam Stock Exchange recorded the highest daily performance (+0.37%), whereas the Egyptian Stock Exchange pointed the lowest one (-1.47%) for the second time in a row after the anti-government protests
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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