The Regional Stock Exchange (BRVM), with headquarters in Abidjan welcomed the second edition of the successful 'Investment BRVM days' held on April 28 at the London Stock Exchange (London Stock Exchange).
'It is important for the sub-regional market in strong growth come to meet British and international investors to explain their evolution and performance of the BRVM, explained the Togolese Kossi Edoh Amenounve, general manager of the BRVM, before more than a hundred personalities, including representatives of the Economic and Monetary Union of West Africa (UEMOA), the leaders of the BRVM and the London Stock Exchange as well as international investors.
With a capitalization has doubled in three years (7,458 billion CFA francs, or about $ 13.8 billion at December 31, 2014) and a constant increase in transactions, the BRVM (6th African scholarship) emerged as a preferred destination for many international investors who wish to diversify their asset portfolio and thereby contribute to the development of African economies.After a record 2013 (both indices BRVM 10 and BRVM Composite rose 33.85% and 39.28% respectively), 2014 has consolidated this growth (respectively 8.6% and 11.2%) . Furthermore, two new listings (Bank of Africa Senegal in December 2014 and Total Senegal in February 2015), the BRVM has 39 listed companies.The latest introduction dated back to April 2010 with Bank of Africa Ivory Coast.
'He already has many international investors invested in the BRVM including Franklin Templeton, Allan Gray, Pictet and Renaissance Securities. It is important for the BRVM amplify this volume to increase the depth and liquidity of our market 'analysis Gabriel Fal, Chairman of the Board of Directors of the BRVM. In recent years, international investors accounted for between 40 and 60% of value transactions.
For its part, the London Stock Exchange multiplies partnership with African seats agreements on both the technological aspects, training programs or term development investment flows between London and the continent: Johannesburg (South Africa ), Casablanca (Morocco), Accra (Ghana), Nairobi (Kenya), Lagos (Nigeria), Maputo (Mozambique).
The Brvm brings together eight countries of the Economic and Monetary Union of West Africa (WAEMU): Benin, Burkina Faso, Guinea-Bissau, Ivory Coast, Mali, Niger, Senegal and Togo.
The BRVM has 39 listed companies: the three main values are Sonatel, Ecobank and Solibra. The BRVM also offers strong activity in the bond market (private and sovereign). Since 1998, more than 280 operations were performed and allowed to raise 3 887 100 000 000 F CFA 644, 054 billion CFA francs in capital transactions, 3243, 55 billion CFA francs in bonds.
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