African Markets Review 10 24 18
- Moroccan OCP to acquire by way of a 20% capital increase, FERTINAGRO BIOTECH a Spanish Company specializing in the marketing of innovative plant nutrition solutions;
- In Tunisia, SFBT’s overall turnover reached TND 493.3m in Q3 2018, up by 12.2% compared to the same period a year earlier;
- FAR LTD is oil drilling on the Samo-1 well located in Block A2 offshore Gambia with prospective resources of 825m barrels of oil as this is the first time in about 40 years that the country has experienced this type of event;
- Among the African markets, the Nigerian stock market recorded the highest daily performance (+0.66%), while the Kenyan stock exchange recorded the lowest one (-1.31%).
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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