African Markets Review 11 25 19
- In Morocco, BMCE BANK OF AFRICA publishes its Q3 2019 financial statements showing, a 9% increase in NBI to MAD 10.4bn, a 15.3% rise in cost of risk to MAD 1.4bn and a 5% improvement in NIGS to MAD 1.5bn;
- In Tunisia, SOGEDIS, the distribution specialist of windscreens, glass and accessories for cars, buses and metros enters into a partnership with FUYAO, the largest automotive lens manufacturer in China, to become the distributor of the Chinese brand in the country;
- In Egypt, PREMIUM INTERNATIONAL FOR CREDIT SERVICES announced the closing of the country’s first short-term securitization transaction, worth EGP 167m and backed by a portfolio of consumer card receivables for a total value of EGP 184m;
- Among the covered African markets, Nigeria Stock Exchange recorded the highest daily performance (+0.72%), whereas the Egyptian Stock Exchange pointed the lowest one (-0.32%).
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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