African Markets Review 02 26 2020
- In Morocco, SAHAM ASSURANCE published a press release on the 2019 results showing a 3.8% increase in turnover to MAD 5.4bn and a slight increase (+1%) in net income to MAD 406m;
- In Tunisia, The CENTRAL BANK notes that the country's foreign exchange reserves stood at USD 6.955bn at the end of 2019, equivalent to 111 days of imports;
- In Egypt, MIDDLE EGYPT FLOUR MILLS's BoD approved financial results for the financial year 2019, which revealed posting pre-tax profits of EGP 55.8m, compared to net profits of EGP 73m a year earlier;
- Except for the Casablanca Stock Exchange (+0.28%) and Dar Es Salaam (+0.38%), all the other African stock exchanges registered their main indices in the red yesterday at the close of the markets.
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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