African Markets Review 11 08 2017
- For Morocco, the IMF forecasts a 4.4% growth for 2017 with a reduction in the account deficit to 3.9% of GDP…
- …And, FITCH RATINGS holds OCP’s BBB- rating with negative outlook;
- In Tunisia, EBRD estimates the 2017 growth rate to 2.2% and 2.7% for 2018;
- In Egypt, SUEZ CANAL BANK plans to break into retail banking and SME finance;
- In ALGERIA, SONATRACH invested USD 2bn into the Hassi Rmel gas field;
- The Kenyan Stock Exchange recorded the lowest daily performance among African Markets (-1.07%) contrary to the Mauritius Stock Exchange (+0.49%).
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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