The 4nd edition of the BRVM Investment Days will take place in Jumeirat Emirates Towers, Dubai on April 18th-20th, 2016. It will be a key event between French West Africa financial market stakeholders, investors and international firms.
- For investors : a single opportunity to discover all the opportunities offered in francophone West Africa capital markets;
- For the WAEMU (West Africa Economic and Monetary Union) financial markets participants : the opportunity to network with leading international investors;
- To bring new investors to the market and strengthening investments in WAEMU region;
- To enhance the international visibility of BRVM and local companies among investors, brokerage firms and medias;
- To position BRVM as a modern stock exchange, leader in Africa, opened and in contact with the world major participants.
West African Economic and Monetary Union ( WAEMU)
The West African Economic and Monetary Union (WAEMU) was created by a Treaty signed in Dakar on January 10, 1994 in replacement of the West African Monetary Union (WAMU). This Treaty was signed by the states of Cote d’Ivoire, Benin, Burkina Faso, Mali, Niger, Senegal and Togo, which have the CFA Franc as common currency.
The Treaty was ratified on August 1st, 1994. Three years later, on May 2nd, 1997, the state of Guinea Bissau joined the Treaty and the Union moved to eight (8) states members.
Objectives OF WAEMU :
- To strengthen the competitiveness of the economic and financial activities of the states members, through an open and free market, and a harmonized legal environment.
- To create a common market among the member states based on free circulation of people, goods, services, financial capital, and same labor rights in the region for independent workers and employees, as well as a common tax for goods within the region and a harmonized commercial policy.
- The region growth rates reached 6.6 % in 2012, 5.5 % in 2013, 6.5 % in 2014, and 6.5 % in 2016.
- A strategic and geographical hub to get to a market of 100.4 million consumers.
- A banking system organized by a single Central Bank: The Central Bank of West African States (BCEAO)
- A single tax system and harmonized accounting rules.
- A regional program to improve the business climate.
- Economic potential in the following sectors:
- Energies & mines
- Tourism and hotel business
- Food industry