During his traditional annual review conference, the Director General of the Regional Stock Exchange (BRVM), Dr Edoh Kossi Amenounvé, said that he was working for a long-term positioning of the financial market of the Economic and Monetary Union l African Union (UEMOA) so that it can sustainably transform the economy of the countries.

This position of the Director General of the BRVM and the Dc/Br, posted this Wednesday, January 20 by videoconference, clearly reflects his commitments to make the sub-regional institution an engine of growth for the continent. In 2020, the Central Depository-Settlement Bank (Dc/Br) injected 1055 billion FCFA (i.e. approximately 2 billion USD) into the economy for a custody of 10,961.42 billion FCFA, i.e. an increase of 15% compared to 2019.

Overall, 2020 was a good year for the BRVM as the volume of transactions increased by 80% to 246 billion. Just like the global market capitalization (stock markets-bond market) which is close to 10,000 billion CFA francs. One hitch however, the stock market fell. The composite index fell 8%, weighed down by the Covid-19 pandemic and the ensuing economic crisis.

Current President of the Association of African Stock Exchanges (ASEA), Dr Amenounvé took his hat off to the Nigeria Stock Exchange which, despite the relative inflation of the country's economy, has experienced the best progress in the world in terms of stock market performance, demonstrating if necessary the attractiveness of the African continent.

In short, the BRVM, despite a turbulent year, is doing quite well. Provided that with the year 2021, the confidence in the economic projections contained in the finance laws of the 8 WAEMU countries is not blunted by the slowness of the vaccination campaigns.