African Markets Review 09 24 2020
- In Morocco, ATTIJARIWAFA BANK published its H1 2020 results showing an increase of +5.1% in its consolidated NBI to MAD 12.4bn and, a net profit down by -57.5% to MAD 1.2bn impacted by the deterioration in the cost of risk as well as by the exceptional contribution to the COVID-19 Special Fund;
- POULINA GROUP HOLDING takes part in the fundraising carried out by the French group CONSTELLATION, by issuing convertible bonds, without revealing the amount;
- In Egypt, The International Finance Institution Corporation announced that is has exited from THE BANK OF ALEXANDRIA;
- Poor daily performances were recorded in the majority of the covered markets except for Tunis Stock Exchange (+0.33%) and Nigeria Stock Exchange (+0.50%).
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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