Capital Markets

In September 2018 the Bourse Régionale des Valeurs Mobilières (BRVM), which is headquartered in Abidjan, will celebrate its first 20 years in operation. The past decade has seen a significant increase in the volume of listings, liquidity, valuations and the number of market participants. A long-awaited third compartment of the equity market was launched in the final month of 2017, while the BRVM plans to extend the breadth and depth of the market over the medium term. Initial public offerings have been a key driver of the rise in capitalisation on the BRVM equity market, with the exchange having a standout year in 2016, when four firms listed, raising a combined €129m in capital. The following year saw the flotation of two banks, which raised around €201m in total.

This chapter contains interviews with Edoh Kossi Aménounvé, Managing Director, Bourse Régionale des Valeurs Mobilières (BRVM); and Kadi Fadika-Coulibaly, Managing Partner, Hudson & Cie.