Regional Market

What is the BRVM?

The Bourse Régionale des Valeurs Mobilières (BRVM) is a pioneering financial institution. Founded in 1998 and headquartered in Abidjan (Côte d'Ivoire), it is the unified regional stock exchange for the 8 member states of the West African Economic and Monetary Union (WAEMU).

1. A Unique Integrated Regional Exchange

The BRVM serves 8 member nations sharing a single currency (CFA Franc): * Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo. It represents a completely electronic, decentralized, and seamless regional capital market.

2. Market Segments

The exchange is structured into distinct market segments: * Prestige Segment: Flagship large-cap companies demonstrating rigorous corporate governance and liquidity. * Main Segment: Well-established mid-to-large cap corporations. * Growth Segment: High-potential SMEs seeking expansion capital. * Bond Market: Sovereign government issuances and corporate debt securities.

3. Key Market Benchmarks

Key indices track the overall performance of the regional market: * BRVM Composite: Reflects all listed companies across the exchange. * BRVM 30: Comprises the 30 most active and liquid stocks. * BRVM Prestige: Tracks the exclusive performance of top-tier Prestige segment stocks.

4. How to Invest in the BRVM?

To buy or sell equities and bonds on the BRVM, domestic and international investors must open a securities account through an authorized brokerage firm known as a SGI (Société de Gestion et d'Intermédiation) regulated by AMF-UMOA.