African Markets Review 10 08 19
- In Morocco, MAYA GOLD & SILVER, the Canadian company, in charge of operating the BOUMADINE mine, is seeking financing for this project, which life time has been estimated by GOLDMINDS GEOSERVICES Inc. at 12 years (2021-2033) and would require an investment of USD 89m, according to the business press;
- In Tunisia, LES CIMENTS DE BIZERTE, publishes its H1 2019 interim financial statements, showing revenues up by 4,98% to TND 41.9m and a deficit of TND -15.7m compared to a loss of TND -12.8m a year earlier;
- In Nigeria; Banks’ deposit with the CENTRAL BANK OF NIGERIA through the Standing Deposit Facility dropped by 68% in the first nine months of the year as a result of pressure to meet the 60% Loan-to-Deposit ratio deadline of September 2019;
- Among the covered markets, reversal of the trend for the Egyptian Stock Exchange which recorded the highest daily performance (+1.50%), whereas the Nigerian Stock Exchange pointed the lowest one (-0.94%).
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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