African Markets Review 09 30 19
- In Morocco, BMCE BANK OF AFRICA published its H1 2019 results, showing a 7.4% increase in net banking income to MAD 7bn, a 34% rise in the cost of risk to MAD 872.3m, and a 4% growth in NIGS to MAD 1.2bn;
- In Tunisia, the industrial production fell by 3.5% at the end of July 2019, according to the National Institute of Statistics;
- In Egypt, the exports to the European Union rose by 8.6% y-o-y to EUR 4.6bn during H1 2019;
- Among the covered African markets, the Egyptian Stock Exchange recorded the highest daily performance (+3.31%) after the central bank cut key interest rates and anti-government protests failed to gather momentum, whereas Ghana Stock Exchange pointed the lowest one (-0.37%).
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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