Founded in 1975 to promote economic integration in West Africa and eventually bring about full economic and monetary union, ECOWAS is made up of 15 members, namely Benin, Burkina Faso, Cape Verde, Côte d’Ivoire, The Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Nigeria (where the bloc is headquartered, in the capital Abuja),...
What difficulties are encountered by the BRVM in regards to attracting new companies and increasing market capitalisation?
Several reforms over the past two years are helping to pave the way for greater liquidity on the Abidjan-based Bourse Régionale des Valeurs Mobilières (BRVM)The bourse has seen its market capitalisation more than double since 2012, but as with many emerging and frontier markets, trading is low and the exchange is dominated by “sit and hold”...
Côte d’Ivoire’s constitution establishes the country as a republic operating a unitary system of government, with a legislature, an executive branch and an independent judiciary. The legal system is based on the civil code tradition rather than the British system of common law, reflecting the nation’s history as a French colony.
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