Financial markets are becoming increasingly sophisticated on the African continent. Yesterday, the AfDB (Bank
African Development) announced financial support of 783,328 Units of Account, or about
976,000 euros to support the start of the unified financial market in Central Africa.
According to the information, the financing agreement was already signed on December 21, on the sidelines of the
10th session of the Steering Committee of the Economic and Financial Reforms Programme of br the Central African Economic and Monetary Community (PREF-CEMAC). "The overall objective of the project
is to support strategies for access to domestic resources to meet financing needs
cemac States in their process of structural transformation and diversification of their
savings. The Programme will be structured around three components, including the operationalization of the
unified financial market, mobilization of domestic savings and strengthening of human capital on the
stock exchange instruments," said the AfDB Group.
Development. Certainly, Africa is now considered the economic future of the world, thanks to its
advantages in terms of natural resources and abundant labour at a very competitive cost. So
as global investors flock to the continent, the financial market is moving in the same direction.
According to local economists, this development is very much marked by the development of certain sectors
such as those in real estate and finance. Indeed, in addition to financial products that are gaining ground on
African economies, the capital market is also growing, supported by the
the birth of trade jams and stock exchanges in many countries of the continent. For
AfDB, support for financial market development is in line with the Strategic Framework for
regional integration, which this institution has developed, for the period 2018-2025, in particular as regards
concerns its Pillar III on financial integration. Its objective is to help the institutions
to become regional actors and to develop a regional financial system, aimed at mobilizing
more domestic savings to meet the needs of the productive sector.