The Bourse Régionale des Valeurs Mobilières (BRVM) set a new record of market capitalisation on the stock market by crossing the FCfa7,000 billion (€10.6 billion) threshold at the close of the 09 July 2015 trading day.
The market capitalisation reached FCfa 7,035.34 billion on 09 July 2015, a progression of 11.32% since the beginning of the year, representing a gain of FCfa 715.62 billion. The upward trend noted since the end of the year 2012 is thus confirmed.
This new record set by the financial market of the West African Economic and Monetary Union (UEMOA) expresses the confidence of investors in the economic forecasts of this zone and the health of the companies listed on the BRVM, but also the result of international and regional marketing campaigns from the BRVM management.
The previous capitalisation record was set on 29 January 2014 with FCfa 6,024.41 billion.
• Inflation within the West African Economic and Monetary Union (UEMOA) fell to a two-year low of 0....
Flutterwave gained a BCEAO license to operate in Senegal, expanding to 35 African countries. ...
In Africa, the private sector is widely seen as the main engine of industrialization and plays a cen...
President Paul Biya, 92, to seek eighth term in October 2025 election In power since 19...
• Interbank volumes rose 18.7% in May, while rates declined across the market• The BCEAO cut its mai...
Highlights: • EXIM Bank issues letter of intent for $150M to support Botswana's NexMetals• US eyes battery-grade nickel sulphates and cobalt from...
Highlights: • Zimbabwe plans to restart the Darwendale project with $50 million in initial capital• Global platinum prices jumped 51% YoY,...
• South Africa’s Competition Tribunal reviews Canal+’s proposed acquisition of MultiChoice.• MultiChoice argues merger will strengthen its fight against...
• Chad’s telecom sector struggles with unreliable electricity and fuel shortages, threatening network stability.• ARCEP recommends hybrid power systems...
Ashenda is a vibrant traditional festival celebrated primarily in northern Ethiopia, particularly among the Tigray and Amhara communities, as well as in...
The Emerald Sea is a vast turquoise lagoon located in the northern part of Madagascar, just a few kilometers from the town of Antsiranana (formerly Diego...