African Markets Review 10 26 2020
- In Morocco, the mandatory public takeover bid launched on S2M by its majority shareholders wasn’t successful, recording a participation rate of 0.03%;
- In Tunisia, SIPHAT achieved at the end of the first eight months of the year a turnover of TND 12.2m against TND 17.5m a year earlier;
- In Egypt, The AGRICULTURAL BANK OF EGYPT aims to increase its customer base to 30 million across the country and increase the number of branches to 2,000 over the next five years;
- Most of African markets recorded a positive daily performance, led by the Casablanca Stock Exchange (+0.76%).
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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