2024 BRVM INVESTMENT DAYS

A strategic dialogue

7 - 8 May 2024

Johannesburg Stock Exchange, Johannesburg

JOIN THE 2024 BRVM INVESTOR ROADSHOW

The West African Regional Stock Exchange, Bourse Régionale des Valeurs Mobilières (2024 BRVM Investment Days) is holding its third highly anticipated BRVM investor roadshow. This two-day exclusive investor forum will showcase regional investment opportunities, topical panel discussions and one-on-one meetings.

The 2024 BRVM Investor Roadshow is a unique opportunity to meet with the BRVM, its listed companies, heads of regional finance institutions, key finance investors, and high-ranking government officials from the West African Economic and Monetary Union (WAEMU) region.

EXPLORE FINANCIAL OPPORTUNITIES IN WEST AFRICA AND NETWORK WITH THE BRVM

9:00 – 12:30: Stimulate economic growth through agricultural development

African Agricultural Commodities Exchanges Workshop

Côte d’Ivoire’s strategy for expanding agriculture’s economic impact
Creating an African Agricultural Commodities Stock Exchange
Increasing local and global agricultural exports
How exchanges help farmers get a fair price for their goods
Conditions for success for African agri commodities exchanges

9:00 – 16:00: Investment Opportunities in the West African Economic and Monetary Union (WAEMU)

Investment conference and private meetings

• BRVM market developments and new product offerings
• Market infrastructure and regulation at BRVM
• BRVM performance overview: market depth, transparency, legal standards and key metrics
• Regional economic conditions
• Listed companies and potential new listings
• African Continental Free Trade Area and opportunities for WAEMU companies

Who Should Attend The 2024 BRVM Investment Days?

Institutional investors

Investment advisors

Corporate advisors and bankers

Academic, political and economic researchers

SPOTLIGHT ON CÔTE D'IVOIRE

Côte d’Ivoire will feature prominently at the Johannesburg Roadshow as the guest country. The West African country boasts one of the fastest sustained economic growth rates in Sub-Saharan Africa.

Côte d’Ivoire is;

The largest economy in the WAEMU with 39.17% of the Union's GDP and the second largest economy in the ECOWAS
The benchmark issuer on the BRVM, with 35 listed companies and 58 bond lines representing 30.25% of total market capitalization
The author of the largest IPO (in terms of transaction value) since the BRVM began operations with the listing of Orange Côte d’Ivoire, worth FCFA 140 billion (West African Franc)

BRVM INVESTMENT DAYS NEWS

BRVM and GGGI sign a MoU to enhance access to green bonds in West Africa

The BRVM’s partnership with the Global Green Growth Institute (GGGI) will strengthen collaboration on stock market capacity building and facilitate access to green, social and sustainability bonds in francophone West African countries. The MoU, signed in April 2024, is a commitment to green growth and sustainable access to green climate finance. The partnership benefits all eight countries in the West African Economic and Monetary Union.

BRVM now Africa’s fifth largest stock exchange

In 2023, the BRVM celebrated its 25th anniversary and became Africa’s fifth-largest stock exchange. The West African Stock Exchange reached a new high with a market capitalization of US$12.861 billion, edging out the Kenyan Stock Exchange as its capitalization dropped to US$9.773 billion. BRVM’s increased capitalization is attributed to the listing of mobile telecommunication service, Orange Côte d’Ivoire, in December 2022 and an overall good performance in the WAEMU markets in 2023.

MOU between LuxSE and BRVM

In October 2023, the BRVM welcomed the General Director of the Luxembourg Stock Exchange, Mrs Julie Becker, to their headquarters in Abidjan. The BRVM and the Luxembourg Stock Exchange (LuxSE) signed a Memorandum of Understanding in September 2022 to explore the creation of a bond market dedicated to green, social, sustainability and sustainability-linked bonds at the BRVM.

The Africa Exchanges Linkage Project (AELP)

BRVM is one of seven participating exchanges in the Africa Exchanges Linkage Project (AELP). On 18 November 2022, AELP went live with integrating the African capital markets by facilitating cross- border trading and free movement of investments in the continent through the AELP Link platform. AELP is working to reduce the cost of trading, enhance the mobilization of capital and benefit economic development on the continent.

Focus on WAEMU start-up ventures

The BRVM has a dedicated focus on WAEMU start-up ventures and will create a special compartment to help them mobilize long-term resources for their development.

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ABOUT THE BRVM

The BRVM is a highly successful, fully integrated regional stock market. It is the only stock exchange in the world connecting eight member states; Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo in the West African Economic and Monetary Union (WAEMU).The BRVM is now the fifth largest stock exchange in Africa with a market capitalisation of US$12.861 billion. Economic activity within the WAEMU remains dynamic, with value-added growth across all sectors.

In 2022 the Union’s GDP grew by 5.9% following a 6.1% increase in 2021. Over the last decade, the BRVM posted an average return of more than 12% on its equity market and a return of over 6% on its bond market. Headquartered in Côte d’Ivoire, the BRVM is a full member of the World Federation of Exchanges (WFE) and the African Securities Exchanges Association (ASEA). Run by CEO Dr Edoh Kossi Amenounve, the BRVM has 46 listed companies and 95 bond lines. The BRVM and the Central Securities Depository /Settlement Bank (DC/BR) contribute to the improvement of long-term financing of the economies of WAEMU countries. Over the last two decades, African stock exchanges have grown remarkably, from 16 to 28 active stock exchanges.

In 2022, the total capitalization of African stock exchanges was US$2.000 billion, compared with US$225 billion from 20 years ago. This represents an increase of 788%. Over the last 6 years, equity markets raised US$66.28 billion compared to US$50.7 billion over the previous 6 years, an increase of 31%.