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African Markets Review 10 15 2020

  • In Morocco, M2M Group subsidy NAPS managed to affiliate more than 2,200 merchants as of 09/30/2020, thus processing nearly 1.5m transactions for an amount of MAD 1bn;
  • In Tunisia, MPBS achieved 27% growth in its turnover compared to the same quarter of the past year, amounting to TND 14.7m;
  • In Egypt, FRA approved a mandatory tender offer (MTO) from HEIDELBERG CEMENT France to acquire the Suez Cement Group at EGP 7.50/share;
  • The Casablanca Stock Exchange recorded the best daily performance (+1.50%) among the covered markets, while Nairobi Securities Exchange posted the worst one (-0.16%).
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.

Analysts
Hajar TAHRI

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