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African Markets Review 01 27 2020

  • In Morocco, TAQA MOROCCO signed with the ONEE the extension of the contract for the supply of electrical energy of units 1 to 4 until 2044 to align it with the duration of that of units 5&6 of the Jorf Lasfar Thermal Complex;
  • In Tunisia, TUNISIAN BANK announced that in 2019, the net banking income will improve by TND 125.3m compared to the end of December 2018, to reach TND 599m;
  • In Egypt, ABU QIR FERTILIZERS's board approved financial results for the fiscal period starting January 01st and ending December 31st, 2019, which revealed posting after-tax profits of EGP 1.43bn, compared to net profits of EGP 1,65bn a year earlier;
  • Among the covered African markets, BRVM Stock Exchange recorded the highest daily performance (+0.70%), whereas Ghana Stock Exchange pointed the lowest one (-1.26%).
BMCE Capital Research
BMCE Capital Research

BMCE Capital 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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