BKGR African Markets Review 07 08 2021
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In Morocco, CDG establishes its subsidiary SCR in Africa, with the opening of an office in Johannesburg, according to the economic press ;
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In Tunisia, The reduction of the trade deficit to TND 4.6bn at the end of May 2021, against TND 4.9bn a year earlier, combined with the good performance of labor incomes, have helped mitigate the current account deficit;
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In Egypt, annual consumer price inflation accelerated to 4.9% in June from 4.8% in May, according to the official statistics agency CAPMAS, a slower-than-expected pace of increase;
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Most of the covered African markets recorded positive performances with the Mauritius Stock Exchange closed this session on the highest one (+1.16%).
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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