After four years of high gains following the end of the political instability in Côte d’Ivoire, indexes at the Bourse Régionale des Valeurs Mobilières (BRVM) – headquartered in the Ivorian commercial capital Abidjan – were set for a third consecutive year of decline in 2018. If the situation is leaving many investors worried, market observers say that the bourse is going through a necessary period of readjustment. The big picture remains good. The last five years have seen a significant…
From The Report: Cote d’Ivoire 2019
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After four years of high gains following the end of the political instability in Côte d’Ivoire, the Bourse Régionale des Valeurs Mobilières – headquar¬tered in the Ivorian commercial capital Abidjan – is experiencing challenges marked by a significant drop in indexes, reaching a six-year low in 2018. Increased competition for telecoms companies in Senegal and Burkina Faso, a crisis in the Ivorian banking sector and fears of political unrest do not seem to indicate a short-term recovery in prices. However, bright economic prospects for the UEMOA region and increasingly attractive price-to-earnings ratios present medium-term opportunities for investors. As the bourse’s visibility is increasing and more companies list, interest for the equity market will continue to grow. This chapter contains interviews with Felix Edoh Kossi Aménounvé, CEO, La Bourse; and Niamkey Isidore Tanoé, CEO, Atlantique Finance.