At a forum hosted by the African Development Bank (AfDB) at its headquarters in Abidjan in November 2016, Ivorian lenders pledged to dedicate CFA1.34trn (€2bn) in financing to small and medium-sized enterprises (SMEs) in 2017. The injection of credit aims to relieve pressure on smaller companies, which have traditionally struggled to obtain...
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”...
The market for government debt is changing across Africa, and in ways that pose risks for local banks as well as for their investors and customers. States are looking to their banks to help bridge funding gaps so they can better ride out the cycle of lower commodity prices and tepid global growth. That means it is harder to raise international...
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...
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...
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