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African Markets Review 11 29 18

  • A stable outlook for the Moroccan banking system with an average credit growth of 4% in 2018 and 2019, according to the economic press;
  • Tunisia will receive a USD 500m funding from Saudi Arabia, to finance the difficult recovery of the economy, weighed down by unemployment rate and inflation;
  • The Bank of Tanzania issued, on 26th November, 2018, a banking business license to CHINA DASHENG BANK LIMITED (With a USD 40m in capital), to carry out banking business in the country as a commercial bank;
  • Among the African markets, the Egyptian stock market recorded the highest daily performance (+0.72%), while the Nigerian stock exchange recorded the lowest one (-0.32%).
Provider
BMCE Capital Global Research
BMCE Capital Global Research

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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