African Markets Review 10 07 19
- In Morocco, CIH BANK, announces the launch of LANA CASH, a subsidiary specialized in the transfer of funds with a share capital of MAD 10m and an investment budget of MAD 100m, according to the business press;
- In Tunisia, SITS convenes its shareholders to the AGM of 10/16/2019, to approve the 2018 individual and consolidated financial statements;
- In Nigeria, NIGERIA MORTGAGE REFINANCE COMPANY, signed an agreement with the Kaduna State Government and FEDERAL HOUSING AUTHORITY MORTGAGE BANK for an initial investment of NGN 3bn to create affordable mortgages in the state;
- Among the covered markets, BRVM Stock exchange recorded the highest daily performance (+0.21%), whereas the Egyptian Stock Exchange pointed the lowest one (-1.14%).
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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