African Markets Review 10 17 19
- In Morocco, rumors about ongoing negotiations by CENTRALE DANONE for the acquisition of COPAG, the largest integrated cooperative in Morocco, according to the business press;
- In Tunisia, STIP published its activity indicators at the end of September 2019 showing a 9.1% increase in turnover to TND 45.09m, boosted by the double effect of the rise in export sales as well as those in the local market by +45.4% and +4.6% respectively;
- Egypt’s economy is expected to grow by 5.9% in the year ending in June, unchanged from the April forecast but below the Government’s target of 6% to 7%, according to the INTERNATIONAL MONETARY FUND;
- Among the covered African markets, Egypt Stock Exchange recorded the highest daily performance (+1.06%), whereas Nigeria Stock Exchange pointed the lowest one (-0.18%).
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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