Africa > West Africa > Benin > West African BVRM exchange's revenue more than doubles in one year to $362M

Benin: West African BVRM exchange's revenue more than doubles in one year to $362M

2016/08/18

Turnover on West Africa’s BRVM bourse additional than doubled over the completed year, reaching 209.26 billion CFA francs ($362.2 million) in late May.

“We benefited from a favorable context. We live in a region with strong increase,” Edoh Kossi Amenounve, the manager of the stock exchange told reporters on Tuesday.

We live in a region with strong growth


He added that on May 31, the BRVM recorded 118.98 million securities exhanged for a price of 209.26 billion CFA francs, respective increase of 191 % and 109 %, compared to the same period last year.

The West Africa bourse lists 40 companies from nations inclunding Senegal, Mali, Burkina Faso, Niger, Benin, Togo, and Ivory Coast.

Related Articles
  • Africa’s economic growth in 2016 was driven by East Africa

    2017/08/20 While the continent’s major economies were hit by the fall in commodity prices in 2016, Africa retained its position as the second-fastest growing continent globally recording an average of 2.2% GDP increase, behind only South Asia, according to the African Development Bank Group (AfDB). Much of Africa’s increase in 2016, AfDB says, was driven by East Africa where several nations recorded “strong performances.” In general, of the continent’s sub-regions, East Africa posted the highest increase rate with 5.3%, led by Ethiopia.
  • Africa property offers rich pickings for the brave

    2017/08/20 Some property pundits believe there are major opportunities for investors or companies on the continent. While most pundits will acknowledge that the saying “Africa is not for sissies” rings authentic at the same time as it comes to property investment , some commentators believe that there are major opportunities for investors on the continent.
  • European Museums Plan Summit On Return of Benin Bronzes to Nigeria

    2017/08/18 A bronze sculpture of a cockerel that adorned a Cambridge University dining room is part a huge haul of looted antiquities that may presently be returned to Nigeria and neighbouring Benin Republic any minute at this time. The British Museum will take part in a European summit to discuss the return of art seized from the Benin Kingdom, presently part of southern Nigeria, by a British punitive expedition in 1897 as "reparations" next it defied the British Empire by imposing customs duties.
  • Bill Gates sees US likely to maintain aid levels for Africa

    2017/08/15 The US will probably maintain its current levels of aid to Africa despite President Donald Trump’s proposals to slash funding, according to Bill Gates, the world’s richest man. Trump said in May his government would no longer allocate funding for family planning, a move that has the potential to undermine aid programs in the poorest nations in the world. However, with Congress in control of the budget, it’s unlikely that all cuts proposed by the Trump government will go ahead next year, Gates said in an interview in Dar es Salaam, Tanzania’s commercial capital.
  • Africa: Graca Challenges Women, Girls to Grab Emerging Opportunities

    2017/08/13 Women and children's rights advocate Graca Machel yesterday urged women and youth in Tanzania to be proactive at the same time as it comes to seeking development opportunities. Ms Machel, the founder of the Graca Machel Trust, said this during the closing of an eight-day conference in the city which was aimed at empowering communities to tackle development challenges.