African Markets Review 09 25 19
- In Morocco, MANAGEM, publishes a press release concerning its H1 2019 results, highlighting a consolidated turnover down by 13% to MAD 2,160m,
a consolidated operating income of MAD -74m against MAD 394m in H1 2018, and a NIGS of MAD -139m against MAD 231m in H1 2018; - In Tunisia, SAM, publishes its H1 2019 consolidated financial statement, highlighting revenues increasing by 5.09% to TND 10.34m, an operating income down by 12.33% to TND 1.22m, and a net income up by 16.1% to TND 1.61m;
- In Egypt, CI CAPITAL, co-invested with a group of financial institutions, an amount of USD 73.6m in 60% of the capital of the Egyptian higher education platform TAALEEM MANAGEMENT SERVICES COMPANY;
- Almost all the African markets performed negatively during the last session, except the Kenya Stock Exchange that recorded a daily performance (+0.93%), while the Egyptian Stock Exchange closed the ranking (-4.24%) pointed the lowest performance for the third time in a row following a difficult political situation.
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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