Analysis

Balancing act: Helping the exchange compete with other bourses may require
OBG
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On their own, smaller emerging markets often struggle to achieve the necessary critical mass in their capital markets to support economic growth. Smaller stock exchanges are often insufficient in scale to justify international investors expending resources to track and invest in them. For this reason, the regional integration of exchanges is a growing trend. Bringing together the exchanges of Chile,…

Analysis

CIE: Utilities
OBG
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THE COMPANY: Compagnie Ivoirienne d'Electricité (CIE) is a leading utilities company in West Africa. Created in August 1990 by the French group Bouygues and the electricity company EDF, CIE is a private Ivoirian company that holds a public service concession for the production, transportation, export, import, distribution and marketing of electricity. After an initial period of collaboration from…

Analysis

Sicable: Manufacturing
OBG
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THE COMPANY: Sicable, a subsidiary of Prysmian Energy Systems and Cables, is the main cable manufacturer in Côte d’Ivoire. It sells products ranging from high-voltage cables to low- and medium-voltage cables for houses to the national market. Sicable also exports to other neighbouring countries that share the same French standards, and its market extends across the region all the way to Cameroon.…

Analysis

Sonatel: Telecoms
OBG
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THE COMPANY: Sonatel provides telecommunication solutions in the areas of fixed line, mobile, internet, television, as well as data services to individuals and businesses in countries including Senegal, Mali, Guinea and Guinea-Bissau. The company also offers consulting services, as well as engages in the lease, sale, installation, and maintenance of hardware and software for telecoms networks…

Analysis

Going downstream: Value-added manufacturing holds promise for an export-led economy
OBG
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Accounting for a third of all cocoa exports, and blessed with an ideal climate for a range of cash crops, Côte d’Ivoire has long derived the bulk of its export income from raw, unprocessed agricultural produce. This reliance has, however, made it dependent to a large degree on the vagaries of international commodity markets, while much of the value added during processing has gone elsewhere.…

Analysis

Laying the table: Government initiatives aim to encourage industrial investment
OBG
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To support industrial and economic development, the government has adopted a multipronged approach: a public investment programme to rebuild and improve infrastructure; mobilisation of private sector investment through public-private partnerships; improvements to the business environment to stimulate private sector investment more broadly; and promotion of the transformation of raw materials prior…

Overview

Pump up the volume: Increased listings and trading are priorities for the years ahead
OBG
plus

Regionalism is a feature not only of Francophone West Africa’s monetary regime and banking sector, but also of its financial markets. The bond market is dominated by sovereign issues from Côte d’Ivoire and Senegal, the two largest economies in the region. The equity market has two capitalisations – Sonatel and Ecobank Transnational Incorporated – while most of the companies listed from Côte…