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Demutualisation: The Key to improving African Stock Market Performance

EXCLUSIVE INTERVIEW with Dr EDOH KOSSI AMENOUNVE, Chief Executive, Bourse Régionale des Valeurs Mobilières (BRVM) and the Central Depository/Settlement Bank (DC/BR). He also the Chairman of the West African Capital Markets Integration Council (WACMIC). Dr AMENOUNVE has led major financial market reforms in Africa and shares his views on demutualization and capital markets integration in West Africa as well as the growth prospects of the Francophone West African countries with Capital Markets in Africa. Many thanks for…

Investment | Ivory Coast Attracts $15.4 Billion in Pledges, Twice Its Budget

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Abidjan, Ivory Coast, Capital Markets in Africa: Ivory Coast received more than $15 billion in pledges from donors and lenders to fund its five-year development plan, almost double the amount it sought at a Paris meeting that showcased the world’s top cocoa grower as an investors’ favorite in Africa. The West African nation wanted to secure at least 4,425 billion CFA francs ($8.8 billion) in pledges to fund part of a $60 billion investment plan…

ICD supports Ivory Coast to successfully Issue the largest West African Sovereign Sukuk

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Jeddah, Kingdom of Saudi Arabia, Capital Markets in Africa — On 21st December 2015 the Republic of Côte d’Ivoire, acting through the Ministry of Economy and Finance, closed an inaugural local currency, CFA 150 Billion (USD 244 million) Sukuk al-Ijara (“Sukuk”). The Islamic Corporation for the Development of the Private Sector (“ICD”), an arm of the Jeddah-based Islamic Development Bank, acted as the Lead Arranger. The sukuk with a five‐year maturity, was subscribed by regional…

Côte d’Ivoire’s sovereign ratings upgrade to Ba3 from B1, outlook stable — Moody’s

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Abidjan, Cote d’Ivoire, Capital Markets in Africa — Moody’s Investors Service (Moody’s) has today upgraded the long-term ratings of Côte d’Ivoire to Ba3 from B1. The short-term issuer rating of NP was affirmed. The outlook on the long-term ratings has changed to stable from positive. Côte d’Ivoire’s local currency country ceilings for bonds and deposits remain at Baa3, and its foreign currency country ceilings for bonds and deposits also remain Baa3/P-3. Rating RationaleThe first driver…

Cote D’Ivoire Equity Markets | 27 Oct 2015: Bullish mood continues, investors smile home with US$18 Million …

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Abidjan, Cote d’Ivoire, Capital Markets in Africa — BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session this Tuesday higher than the previous day. BRVM 10 index rose from 305.78 to 305.95 points, a gain of 0.06 percent. BRVM Composite index gained 0.13 percent at 306.23 points against 305.82 points previously. The equity market capitalization grew by XOF 10.2 billion (about US$17.51million) to close at XOF 7,557 billion relative to the previous trading…

Cote D’Ivoire Stock Markets | 26 Oct 2015: BRVM equity markets start the week in north, composite index 0.52% greater …

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Abidjan, Cote d’Ivoire, Capital Markets in Africa — BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session this Monday higher than the previous day. BRVM 10 index rose from 303.72 to 305.78 points, a gain of 0.68 percent. BRVM Composite index gained 0.52 percent at 305.82 points against 304.25 points previously. The equity market capitalization grew by XOF 38.8 billion (about US$671million) to close at XOF 7,546 billion relative to the previous trading…

Cote D’Ivoire Stock Markets | 22 Oct 2015: Markets Sustain the Uptrend … BRVM Composite index 0.59% gains …

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Abidjan, Cote d’Ivoire, Capital Markets in Africa — BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session this Thursday higher than the previous day. BRVM 10 index rose from 305.73 to 307.98 points, a gain of 0.74 percent. BRVM Composite index gained 0.59 percent at 307.21 points against 305.41 points previously. The equity market capitalization gained XOF 44.4 billion (about US$761million) to close at XOF 7,581 billion relative to the previous trading sessions’…

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