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African Markets Review 12 21 2020

  • In Morocco, the economic growth should reach +4.8% in 2021 according to the Ministry of Economy and Finances forecast;
  • In Tunisia, the ELLOUMI GROUP, a major Tunisian group active in export, is currently in negotiations with the French group BPCE to buy back its shares in the capital of the Tunisian-Kuwaiti Bank;
  • In Egypt, The Central Bank of Egypt (CBE) said that the net profits of banks operating in the Egyptian banking sector recorded about EGP 45.549bn at the end of September 2020;
  • The Nigeria Stock Exchange recorded the best daily performance (+1.56%) among the covered markets, while the Casablanca Stock Exchange posted the worst one (-0.27%).
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.

Analysts
Hajar TAHRI

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