African Markets Review 12 19 17
- The Moroccan Company S2M launched the African Card Company in Tunis, a new card personalization center in partnership with TUNISIE EDITIQUE, bringing the total production capacity of the company to 17.5 million cards per year;
- In Egypt, the number of clients who obtained microfinance services reached 2.2 million and a volume of EGP 6.1bn by the end of Q3 2017, i.e. an increase of 10% compared to Q2 2017;
- The Governor of Nigeria said that the state was currently losing about NGN 1.3bn monthly as taxes to the Federal Capital Territory, the state’s NGN 15bn annual tax revenue was being wrongly paid;
- Among the African Markets, the Tanzanian Stock Exchange has recorded the highest daily performance (+7,59%), while the Nigerian one recorded the lowest (-1.24%).
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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