The WAEMU stock market destination presented to European investors : Orishas-finance

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The WAEMU stock market destination presented to European investors

18/10/2019

Source : News Alome

Categories: Index/Markets

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The WAEMU stock market destination presented to European investors

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The stock market destination of the West African Economic and Monetary Union (UEMOA) was presented, Thursday in Paris, to European investors and the African diaspora by the Director General of the Regional Stock Exchange (BRVM), Edoh Kossi Amenounve .

“Presenting the recent evolution of the BRVM and the downward trend observed over the past three years, he (ed. Edoh Kossi Amenounve) indicated that this made the market more attractive with a relatively low PER (price earning ratio) (9.40 for the entire market of October 14, 2019 against 24.5 in 2016…)” reports an information note from the BRVM sent to APA.

Mr. Amenounve invited European investors to invest in the BRVM which continues to deploy the necessary actions to improve its liquidity and depth. According to the text, the head of the BRVM also invited the African diasporas to be ready to participate massively in future market operations (bond loans, privatizations) in order to be real players in long-term investment. term in Africa and benefit from the wealth created on the continent.

“With regard to the BRVM, he made a plea to European institutional investors to take more interest in portfolio investment in Africa to support FDI (foreign direct investment) and the action private equity funds,” the statement continued, adding that Mr. Amenounve also gave an overview of recent developments in African economies and their long-term growth prospects.

The BRVM based in Abidjan in Côte d'Ivoire, created in 1996, is a stock exchange common to the eight UEMOA countries. Its missions include the organization of the stock market, the listing and trading of transferable securities, the dissemination of stock market information and the promotion and development of the market. At the end of January 2018, the BRVM had 45 listed companies operating in various fields of activity.

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