The eleventh edition of the Days of the Regional Stock Exchange (JBRVM) continues Thursday, July 5 in Dakar, under the theme “innovation and development of financial markets.”
Open since Wednesday, this annual meeting aims to popularize the stock market culture in Senegal, to raise awareness of the BRVM and its activities, and especially to show the opportunities it offers to Senegalese businesses and investors.
Taking stock of the stock market institution after 20 years of operations, the general manager, Dr. Kossi Edoh Amenounvé, noted “6 157 billion capitalization of the stock market, 3,251 billion capitalization of the bond market, 147 billion worth transaction since the beginning of 2018, 89 million securities traded, 45 listed companies, 42 bonds including 12 from the State of Côte d’Ivoire.
The 6th African Stock Exchange also registers “37 members of the Central Depository and Settlement Bank (DC / BR), $ 9,543 billion of assets under custody, $ 540.23 billion distributed in the form of dividends and interest in 2017”.
The boss of the 2nd Stock Exchange of the Economic Community of West African States (ECOWAS) by its size has, moreover, noted the disturbances encountered by the BRVM during the last three years due, according to him, “Down key indices”.
For Amadou Sarr, chief of staff of the Senegalese Ministry of Economy and Finance, “capital markets must innovate to support the capital market and the development of SMEs. the BRVM will have to contribute to it “.
Thereafter, Mr. Amenounvé announced that “for the coming years, several strategic development actions are planned”. These include the technological and operational strengthening of the BRVM’s activities, the development and promotion of the stock market culture within the union, the increase in the liquidity of the stock market depth, the development of popular shareholding, strengthening of governance and the demutualization of the BRVM.
For this second day, several themes are on the menu. Among other topics, the financing of SMEs through capital markets.
Animating this panel, the boss of the BRVM revealed that in the context of the third compartment launched last March, “no Senegalese SME is in the first cohort”. While the latter should be in the coming years a real instrument of economic transformation of the sub-region.
Regarding the financing of SMEs at the level of capital markets, the Togolese Amenounvé did not fail to give his few recipes, including “a change of mentalities, a new managerial and professional culture, but especially the opening of capital and sustainability activities “.
