African Markets Review 12 25 19
- In Morocco, OULMES authorized during the AGM held on 12/24/2019 the issue of ordinary bonds by private placement for an amount of MAD 600m to be realized in one or more shots during a 5-year period;
- In Tunisia, CIE FINANCIERE D'INVESTISSEMENT acquire 160,000 shares of MAGASIN GENERAL (i.e. a 1.39% stake) for a unit price of TND 32 on December 23rd, 2019;
- In Egypt, EGYPTIAN HOLDING COMPANY FOR NATURAL GAS aims to add about 3.2bn cubic feet of gas per day (scf/day) to local production by mid-2022, compensating for the rates of natural gas decline and increasing the total production;
- Among the covered African markets, BRVM Stock Exchange recorded the highest daily performance (+3.54%) for the second time in a row, whereas Egyptian Stock Exchange pointed the lowest one (-0.70%).
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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