(Agence Ecofin) – This performance, achieved between 1998 and 2024, is due to factors such as strong economic growth within the UEMOA and various market reforms.
Since its creation, the Regional Securities Exchange (BRVM) has recorded an increase of more than 1102.94% in its market capitalization, which went from 836.19 billion FCFA, at its launch in 1998, to 10,058. 83 billion FCFA on December 13, 2024, according to data of the financial center common to the eight countries of the West African Economic and Monetary Union (UEMOA).
More precisely, the market capitalization of this financial center increased to 3,336.65 billion FCFA in 2008, then to 4,031.38 billion FCFA in 2012. In 2021, it reached 6,085.41 billion FCFA, and in 2023, the volume of Transactions peaked at 7,966.96 billion FCFA.
“This remarkable progress since the creation of the BRVM is to be attributed to the transformative vision of its founding fathers, the enlightened leadership of the highest authorities of the Union, the sustained economic growth of the UEMOA countries ( around 5.8% on average for more than 20 years), reforms carried out for several years and finally the dynamism of all market players”, explains the BRVM where 47 companies are listed.
According to the BRVM, this improvement confirms its position among the best performing African stock exchanges. Last August, according to its data, it ranked 5e place of African stock exchanges in terms of market capitalization behind Johannesburg, Casablanca, Cairo and Lagos.
Note that Africa has 32 stock exchanges, with around 2000 listed companies.
SG
