African Markets Review 12 10 2020
- In Morocco, BIM GROUP concludes an agreement with the BLUE INVESTMENT HOLDING fund - HELIOS INVESTMENT PARTNERS - concerning the sale of 35% of the shares of BIM MAROC on the basis of a valuation of USD 200m;
- In Tunisia, the 2021 Finance Law reduces the corporate tax rate from 25% to 15% and abandons the rate of 13.5%;
- In Egypt, The largest tobacco and cigarette producer has announced that it achieved record production rates in November, bringing its production volume to 6bn cigarettes;
- The Casablanca Stock Exchange recorded the best daily performance (+0.46%) among the covered markets, while the BRVM Stock Exchange posted the worst one (-1.11%).
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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