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African Markets Review 09 28 18

 

  • The Moroccan ATTIJARIWAFA BANK has convened its shareholders to the EGM of November 12th, 2018 to rule on a capital increase reserved for the employees of the Bank and its subsidiaries in Morocco for a maximum amount of MAD 63.3m by issuing a maximum amount of 6,332,454 new shares to be issued at the subscription price (including issue premium) of MAD 379 per share;
  • In Tunisia, industrial production decreased by 0.7% during the first seven months of 2018, according to the business press.
  • The Egyptian firm EAST GAS CO signed a USD 518m deal with the two Israeli gas Companies IEK DRILLING and NOBLE ENERGY which have bought control of a pipeline to Egypt, paving the way for the Israeli gas exports into the Country, according to the business press;
  • Among the African markets, the Mauritian stock market recorded the highest daily performance (+0.97%), while the Nigerian stock exchange recorded the lowest one (-0.73%).
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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