Report

African Markets Review 09 25 2017

  • In Morocco, various measures are proposed by employers representatives through the 2018 Finance Bill Draft to boost economic activity, among which:
    • The introduction of progressive corporate tax;
    • The redesign of Tahfiz by benefiting from the exemption of the Income Tax to 10 employees instead of 5;
    • And, the reintroduction of the provision for investment or the institution of the tax credit…
  • …And, the Moroccan Companies SONASID and LYDEC released a good half year performances;
  • The DSE records the highest daily performance (+1.50%) while the Ghana Stock Exchange has the lowest daily performance (-0.84%) among the African Markets;
  • In Tunisia, The NBI of ATTIJARI BANK rose by 13.4% to TND 173.4m in June 2017 against TND 152.8m in June 2016;
  • SYMBION ENERGY and HIGHLAND GROUP signed an agreement to co-invest USD 100m in Lake Kivu methane gas extraction project in Rwanda.
Provider
BMCE Capital Global Research
BMCE Capital Global Research

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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