That growth was consolidated in 2014, as the BRVM
10 rose by 8.6 per cent and the BRVM
Composite by 11.23 per cent.
During the meeting, de Souza discussed the progress of the activities of the West African Capital Markets Council (WACMIC) chaired by Edoh Kossi Amenounve, BRVM
Chief Executive Officer.
Over the past three years, the BRVM
has been boosted by the strong economic growth in the region and the promising prospects for development that are driving emergence over the medium-term, as well as by the peaceful political environment which is strengthening democracy in our region.
Regional Rank Company Name Country Ranking /250 2015 1 15 Dangote Cement Nigeria 2 32 Nigerian Breweries Nigeria 3 40 Sonatel COte d'Ivoire (BRVM
) 4 41 AngloGold Ashanti Ghana 5 42 Guaranty Trust Bank Nigeria 6 47 Nestle Nigeria Nigeria 7 48 Zenith Bank Nigeria 8 74 Ecobank Transnational Inc Togo 9 78 Lafarge Africa Nigeria 10 92 Stanbic IBTC Nigeria 11 93 First Bank Nigeria Nigeria 12 108 Forte Oil (prev.
joins the group of African stock exchanges that make up "Frontier Markets", namely Nigeria, Kenya, Morocco, Mauritius and Tunisia.
"This is very difficult -- to be sure that newly established companies and SMEs [small and medium enterprises] can go very quickly to the process of listing on stock exchanges", says Edoh Kossi Amenounve, chief executive of the BRVM
government representatives and community institutions, CEOs and CFOs of BRVM
listed companies, brokers, Asset Managers - and investors based in the Middle-East.
The West African capital market would comprise the Nigerian Stock Exchange (NSE), Ghana Stock Exchange (GSE) and the Cote d'Ivoire Bourse Regionale des Valeurs Mobilieres (BRVM
) with a potential total valuation of Au120bn.
Sonatel is based in Senegal but registered on the Bourse Regionale des Valeurs Mobilieres (BRVM
) in Cote d'Ivoire.
It is listed on the Lagos, Accra and Abidjan (BRVM
) stock exchanges.