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...
Côte d'Ivoire Financial Services
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Chapter | Capital Markets from The Report: Cote d'Ivoire 2018
Supported by strong economic growth, the banking industry has expanded rapidly in recent years, financing public and private sector investment in reconstruction since 2011. Profitability among the top-tier banks remains strong, with shareholders in publicly listed institutions benefitting from attractive dividends. Although there has been an influx of new banks over the past decade, increased...
Côte d’Ivoire has seen rapid growth since a decade-long bout of civil unrest ended in 2011, registering an average GDP growth rate of 9.3% in the five years to 2016. By far the biggest economy in the UEMOA and the third largest in ECOWAS, the IMF expects GDP expansion in the West African nation to be sustained, forecasting growth of above 7% through to 2019.
The insurance sector in Côte d’Ivoire has been posting solid growth figures for years. The pickup in the country’s economy after 2012 has made the sector increasingly attractive, prompting the arrival of new competitors aiming to establish a foothold in West Africa’s biggest insurance market. The influx of foreign players, coupled with regional regulatory changes, are poised to transform what...
Chapter | Capital Markets from The Report: Cote d'Ivoire 2017
Côte d’Ivoire’s capital markets are closely linked to the broader fortunes of the eight-state UEMOA of which it is a member. The country is also home to West Africa’s regional stock exchange, the Bourse Régionale des Valeurs Mobilières, one of the fastest-growing stock exchanges on the continent. On the back of strong macroeconomic growth, equity activity has been increasing steadily over the...
The banking sector has seen sustained double-digit growth since 2011, reinforcing Côte d’Ivoire’s role as the UEMOA bloc’s primary banking centre. The potential for continuing that growth is significant, as is the impact a larger financial sector would have on the national economy. That said, there are weaknesses in terms of sector performance with regard to its ability to lend, in particular...