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African Markets Review 11 29 19

 

  • In Morocco, LAFARGEHOLCIM MAROC published its activity indicators at end September 2019, displaying consolidated revenues in near-stagnation (-0.2%) to MAD 5,798m and a net debt of MAD 7,555m against MAD 7,338m at 09/30/2018;
  • In Tunisia, subscriptions to the "STB Subordinated 2019-1" bond issue of TND 35m, with a potential increase to a maximum of TND 50m, open to the public since 11/01/2019, were closed on 11/28/2019, for an amount of TND 50m;
  • In Tanzania, TRADE AND DEVELOPMENT BANK approved a soft loan worth USD 1bn to the country and is currently finalizing the issuance procedures for other loans worth USD 500m for the implementation of various development projects in the country;
  • Among the covered African markets, the Egyptian Stock Exchange recorded the highest daily performance (+0.65%), whereas Dar Es Salaam pointed the lowest one (-0.37%) for the second time in a row.
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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