For Mamadou Ndiaye, who spoke on rts' "Le point" program, Small and Medium-sized Enterprises (SMEs) in the Union can now raise funds on the market and that the online exchange that was the second project is now operational and secure.

"In 2017 the course was set and it was necessary to engage in a certain number of axes of reforms which, in the end, should give a lot of weight to the financial market in the financial system in general," said the boss of Crepmf from the outset.

And to add: "we have tried as far as possible with the means of the edge to initiate these reforms and fortunately as you indicated after three (03) years, they are beginning to be felt".

As proof, Mr. Ndiaye brandishes the support that donors have agreed to give to these reforms which, according to him, testifies precisely to their relevance but also which would make it possible to reprofile this market to allow it to fully play its role.

At this stage, he argues, we can say that at least the two (reforms) that were put forward, namely the creation of the third compartment of the Stock Exchange (Brvm) dedicated to Small and Medium-sized Enterprises (SMEs) - the first structuring project that we set out to undertake and which was completed in 2017 - and the Online scholarship are carried out.

Indeed, today, at the regulatory level, this third compartment exists and preparations are very well advanced with the Brvm and two cohorts of thirty (30) SMEs are already identified and are preparing to be able to position themselves on this third compartment.

Today, according to Mr. Ndiaye, SMEs can raise funds on the regional financial market and that the actors who must accompany them have been approved.

In this sense, he states that "we have a dozen list sponsors who are approved actors whose mandate is to support SMEs who want to go on the stock market.

The second project remains the online stock exchange and there too, argues the boss of the Crepmf, the regulator has no interest in blocking a structuring site contrary to "indicated a press article".

He explains in this sense that it was necessary to surround oneself with all the guarantees in terms of security because, he points out, as soon as you talk about online transactions, it is necessary to master this technological infrastructure which allows, remotely, to be able to intervene via the transmission channels.

"There, we had to have the technical platform that was timely and that the regulator or those who are responsible for monitoring these transactions perfectly master this technical platform," explains Mamadou Ndiaye.

Which finally means that this is what delayed the work before noting that the actors were impatient but today at the regulatory level this online stock exchange architecture is operational and secure since 2018.