African Markets Review 10 22 19
- BANK AL-MAGHRIB signed a Memorandum of Understanding with the CENTRAL BANK OF EGYPT to further deepen the sharing of experiences and to establish a formal framework to strengthen bilateral relations, cooperation and partnership between them;
- In Tunisia, SOCIETE LES INDUSTRIES CHIMIQUES DU FLUOR (ICF) published its activity indicators at the end of September 2019, highlighting a turnover up by 29.6% to TND 144.11m;
- In Benin, Germany will provide the state with a financial envelope of USD 87.4m to finance development projects, according to the Ministry of Foreign Affairs;
- Trend reversal for Nairobi Securities Stock Exchange, which pointed the highest daily performance (+0.18%) among the covered African Markets; whereas the Egyptian Stock Exchange recorded the lowest one (-0.43%).
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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