During the International Conference on the Integration of West African Capital Markets (October 28 to 30 in Abidjan), the President of Crepmf, spoke about the regional financial market which, in his opinion, is today office as a unique model on an international scale in terms of its organization and architecture. “Considered indeed as the most complete model in terms of stock market integration, it is a source of inspiration for other regions of our continent and the world. I also express the wish that he be a model of adaptation for the ECOWAS region,” said Mamadou Ndiaye. “The Umoa financial market is currently More than 9,500 billion FCFA in mobilized resources, going from an annual average of 300 billion FCFA between 2000 and 2015 to more than 1,000 billion FCFA during the four (04) last years; forty-six (46) companies listed on the Regional Stock Exchange for a stock market capitalization of more than 4,200 billion FCFA and a bond capitalization of approximately 4,000 billion FCFA as of September 30, 2019; 46 bond lines including 4 sukuks which make it the leading Islamic stock market on the continent; 212 approved actors as of September 30, 2019,” revealed Mr. Ndiaye. According to him, like other financial markets, it participates in the mobilization of long-term savings available to direct them towards productive investments, including infrastructure. To meet the challenges related to the development of the regional financial market, the Regional Council intends to intensify, over the next few years, its reform actions for better financing of the economies of Umoa.

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