Search website

This website was prepared under the supervision from the Research Division of EBI SA (a member of Ecobank Group), and is not necessarily definitive, current or authoritative. Data used in this website was gathered from reliable sources, but the analyst(s) and the publishers of this website do not hold themselves responsible for the accuracy or completeness of data used. The website provides the opinions, analyses and conclusions of the Research division only and is provided without any warranties of any kind. EBI SA and any member of Ecobank Group and its affiliates do not in any way endorse the findings, views and conclusions in this website. EBI SA, Ecobank Group and its affiliates’ Directors, Employees or Agents do not accept any liability for any direct or remote loss or damage arising out of the use of all or any part of the information contained in this website.

EBI SA is a credit institution authorized by the Autorité de contrôle prudentiel.

USE OF THIS WEBSITE FOR THE PURPOSE OF MAKING INVESTMENT DECISIONS EXPOSES YOU TO SIGNIFICANT RISK OF LOSS.

Reception of the information in this website does not make you a client or provide you with the protections afforded to clients of EBI SA (A member of Ecobank Group). When distributing this information, EBI SA or any member of Ecobank Group is not acting on behalf of the recipient of this information and will not be liable for providing investment advice to any recipient in relation to this website. Accordingly, EBI SA (A member of the Ecobank Group) will not be held accountable to any recipient for providing the protections afforded to its clients.

This website is published for information purposes only and is not an offer to solicit, buy or sell any security of any kind. This website does not provide customised investment advice. It has been prepared without regard to the individual financial circumstances and risk and return objectives of individuals who receive it. The appropriateness of a particular investment will depend on an investor’s individual circumstances, risk tolerance and return objectives. The investments and shares referred to in this website may not be suitable for all or certain categories of investors.

The Research Division and EBI SA have implemented Chinese walls procedures to prevent any conflict of interest. Additional information may be available to EBI SA or the Ecobank Group which is not discussed on this website. Further disclosure regarding Ecobank policy regarding potential conflicts of interest in the context of investment research and Ecobank policy on disclosure and conflicts in general are available on request.

The opinions presented on this website may be changed without prior notice and cannot be depended upon if used in the place of the investor’s independent judgment.

The historical performance of a security is not representative of the security’s future returns. Investment in securities can be highly risky as security prices may go down in value as well as up and you may not get back the full amount invested. Where an investment is denominated in a currency other than the local currency of the recipient of the research report, changes in the exchange rates may adversely affect the value, price or income of that investment. In case of illiquid investments for which there is no organized market it may be difficult for investors to exit investment positions or to obtain reliable information about its value or the extent of the risk to which it is exposed.
The information contained in this website is confidential and is solely for use of those persons to whom it is addressed and may not be reproduced, further distributed to any other person or published, in whole or in part, for any purpose.
© EBI SA Groupe Ecobank 2017. All Rights Reserved. This website has been prepared by Edward George and the Ecobank Research Division. For any question, please contact: Edward George, Head of Group Research, EBISA UK, 20 Old Broad Street, London, EC2N 1DP, United Kingdom.

DISCLOSURES

Research analyst certification: The research analyst(s) primarily responsible for the preparation and content of all or any identified portion of this website hereby certifies that all of the views expressed herein accurately reflect their personal views. Each research analyst(s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the view(s) expressed by that research analyst on this website.

Contact us