The BRVM, solution for WAEMU’s Companies

OECD Observer Business brief

"The BRVM is the unique stock exchange for eight countries in West Africa: Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo."


 

 

 

 

Edoh Kossi Amenounve
Chief Executive Officer
Bourse Régionale des
Valeurs Mobilières (BRVM)

 

1. Can you present the BRVM and give us an initial assessment of its activity?

The BRVM is the unique stock exchange for eight countries in West Africa: Benin, Burkina Faso, Côte d’Ivoire, Guinea Bissau, Mali, Niger, Senegal and Togo. The BRVM started up its operations on 16 September 1998. Its creation is the result of a long process since the ratification of the Treaty establishing the West African Monetary Union (WAMU) in 14 November 1973. 

After 15 years of activities, the BRVM has 37 listed companies and a stock market capitalization of the shares of 4,973,000,000 CFA francs, an increase of 388 % of its size. As for the bond market, it has grown from a market capitalisation of 83 to 957 Billion CFA francs, an increase of 1053%.

Indexes BRVM 10 and BRVM Composite totaled 224 and 205 points compared to the base 100 at the beginning in 1998. The indexes show the BRVM positive performance since its creation.

 

2. What are the projects you will implement to strengthen the role of BRVM as an instrument for financing West African economies?

Companies in the WAEMU must seek long-term financing to create value and be competitive their sector. The BRVM is a solution for them.

It is a challenge for the BRVM because the enterprises dynamism has an impact on economic growth. This is the reason why we adopted strategic directions for the coming years: facilitating access to financing for businesses in the market; being more accessible to investors and increasing its regional and international visibility. Manning to a continuous auction system on 16 September 2013 will contribute to the stock exchange liquidity and attractiveness. In addition, we are working for the opening of the SME / SMI compartment in 2014, the development of savings securities and so on.



 

 

 

 

©OECD Observer No 296, Q3 2013

See other OECD Observer Business Briefs




Economic data

GDP growth: +0.6% Q3 2017 year-on-year
Consumer price inflation: 2.3% Sept 2017 annual
Trade: +1.4% exp, +1.7% imp, Q2 2017
Unemployment: 5.7% Sept 2017
Last update: 14 Nov 2017

E-Newsletter

Stay up-to-date with the latest news from the OECD by signing up for our e-newsletter :

Twitter feed

Suscribe now

<b>Subscribe now!</b>

To receive your exclusive paper editions delivered to you directly


Online edition
Previous editions

Don't miss

  • Papers show “past coming back to haunt us”: OECD Secretary-General Angel Gurria tells Sky News that the so-called "Paradise Papers" show a past coming back to haunt us, but one which is now being dismantled. Please watch the video.
  • The annual OECD Eurasia Week takes place in Almaty, Kazakhstan 23-25 October. Writing in The Astana Times, OECD Secretary-General Angel Gurría urges Eurasia countries to stay the course on openness and international integration, which has brought prosperity but also disillusionment, notably regarding inequality. The OECD is working with this key region, and Mr Gurría urges Eurasia to focus on human capital and innovation to enhance productivity and people’s well-being. Read more.
  • When someone asks me to describe an ideal girl, in my head, she is a person who is physically and mentally independent, brave to speak her mind, treated with respect just like she treats others, and inspiring to herself and others. But I know that the reality is still so much different. By Alda, 18, on International Day of the Girl. Read more.
  • Globalisation’s many benefits have been unequally shared, and public policy has struggled to keep up with a rapidly-shifting world. The OECD is working alongside governments and international organisations to help improve and harness the gains while tackling the root causes of inequality, and ensuring a level playing field globally. Please watch.
  • Read some of the insightful remarks made at OECD Forum 2017, held on 6-7 June. OECD Forum kick-started events with a focus on inclusive growth, digitalisation, and trust, under the overall theme of Bridging Divides.
  • Checking out the job situation with the OECD scoreboard of labour market performances: do you want to know how your country compares with neighbours and competitors on income levels or employment?
  • Trade is an important point of focus in today’s international economy. This video presents facts and statistics from OECD’s most recent publications on this topic.
  • How do the largest community of British expats living in Spain feel about Brexit? Britons living in Orihuela Costa, Alicante give their views.
  • Brexit is taking up Europe's energy and focus, according to OECD Secretary-General Angel Gurría. Watch video.
  • OECD Chief Economist Catherine Mann and former Bank of England Governor Mervyn King discuss the economic merits of a US border adjustment tax and the outlook for US economic growth.
  • The OECD Gender Initiative examines existing barriers to gender equality in education, employment, and entrepreneurship. The gender portal monitors the progress made by governments to promote gender equality in both OECD and non-OECD countries and provides good practices based on analytical tools and reliable data.
  • Interested in a career in Paris at the OECD? The OECD is a major international organisation, with a mission to build better policies for better lives. With our hub based in one of the world's global cities and offices across continents, find out more at www.oecd.org/careers .

Most Popular Articles

OECD Insights Blog

NOTE: All signed articles in the OECD Observer express the opinions of the authors
and do not necessarily represent the official views of OECD member countries.

All rights reserved. OECD 2017