African Markets Review 11 17 2020
- In Morocco, MARSA MAROC communicates its financial indicators as of Q3 2020 showing a decline of the revenues by -4% to MAD 2,092m;
- In Tunisia, the foreign currency reserves have reached, as of 16th November current, TND 21.7bn, allowing the country to cover its imports for a period of 150 days, according to the Central Bank of Tunisia.
- In Egypt, CEO of TALABAT EGYPT, Sufian Al-Marzooqi, said that the size of online food delivery market in the country will reach USD 131m by 2024 compared to USD 74m currently;
- Among the covered markets, the Nigerian Stock Exchange All-Share Index keeps on declining with a -0.69% negative performance as bargain hunters continued to take profits from gains recorded last week as opposed to the Nairobi Securities Exchange which posted the highest performance (+0.82%).
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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