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UEMOA financial market: Burkina Faso raises 130 billion CFA francs

21/05/2024
Source : ORISHAS-FINANCE
Categories: Index/Markets

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Burkina Faso raised 130 billion CFA francs on the UEMOA financial market, despite the difficult security context, against 120 billion initially planned.

Burkina Faso requested 120 billion FCFA to raise funds, but in the end, 130 billion FCFA were collected, i.e. a subscription rate of 108%. This success testifies to the credibility and quality of the country's signature, despite a particularly difficult security and geopolitical context. Burkina Faso, Togo, Benin, Benin, Côte d'Ivoire, Ivory Coast, Ivory Coast, Senegal and Niger are the countries that participated in the subscription. According to the information, “by category, banks rank first in subscriptions with 44% of the volume, followed by pensions/pension organizations and the insurance sector with 23% and 14% respectively

”.
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