Some 23 issuers, ranging from Senegal's Port of Dakar (PAD), Bank of Africa and telecom groups in Burkina Faso and Togo have listed a total 33 bonds on the BRVM
Amenounve believes that the key to unlocking this new activity in the BRVM
region lies with risk-taking venture capitalists and private equity backers who have f locked to the region to develop local firms.
head Jean-Paul Gillet has said the exchange is thinking of trading bonds "over the counter" (that is not on the official trading board) and is preparing a market for smaller businesses who want to be listed but are not yet ready for the main board.
The worst performers were Namibia, with an 33% drop; Kenya a 24% fall, Zambia a 12% fall and BRVM
losing 10%, in local currency terms.
, Edoh Kossi Amenounve, said the decision to transform Abidjan into a regional stock exchange was natural: the country had become the undisputed regional leader as a result of its good standards in health and education, a well developed and reliable infrastructure, political stability and economic superiority, boosted by its position as the world's largest producer of cocoa.
is expecting its first listings since 2010, seeking to attract four banks this year.
Our recent bonds issues, in Burkina and Mali, as well as the increase in the share capital of our Bank in Benin, through the BRVM
, are undeniable successes.
In September, Ecobank Transnational Incorporated (ETI) was listed simultaneously on the three West African stock exchanges: The Nigeria Stock Exchange, Lagos, the Ghana Stock Exchange, Accra, and the BRVM
, Abidjan This was the first time a company has been listed on the three stock exchanges on the same day.
Ecobank Transnational Incorporated (ETI) plc, the Ecobank Group s parent firm, is a bank holding company, which listed on the Nigerian Stock Exchange (NSE), Ghana Stock Exchange, and BRVM
(Abidjan) Stock Exchange.
8 billion) on 31 December 2014 - and transaction volumes growing constantly, the BRVM
is becoming a destination of choice for many international investors, eager to diversify their asset portfolio while simultaneously contributing to the development of African economies.
Cote d'Ivoire's BRVM
exchange covers eight West African countries, has 37 listed companies with more than half of its volume from international investors.
The offer, which opened on Monday and will close on October 3, simultaneously runs on the exchanges in Ghana and Nigeria and on the West African regional BRVM
bourse in Ivory Coast.