African Markets Review 10 22 18
- In Morocco, publication of MAROC TELECOM’s consolidated financial statements in Q3 2018 showing:
- A consolidated turnover up by 4.3% to MAD 27,137m;
- A consolidated adjusted EBITA that improved by 4.6% to MAD 8,462m;
- And, an adjusted NIGS up by 2.9% to MAD 4,611m;
- The Tunisian Company POULINA GROUP HOLDING achieved a total turnover of about TND 1.76bn at the end of September 2018 showing a growth of 16% compared to the same period in 2017;
- In Nigeria, The AFRICAN DEVELOPMENT BANK approved a USD 10m investment in CHAPEL HILL DENHAM NIGERIA INFRASTRUCTURE DEBT FUND which is dedicated to infrastructure financing;
- Among the African markets, the Kenyan stock market recorded the highest daily performance (+1.10%), while the Tanzanian stock exchange recorded the lowest one (-1.58%)
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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