Les SGI « grandement honorées » par la participation du DC/BR aux « Rendez-vous de l’APSGI » (Directeur Exécutif)

Abidjan, December 17, 2024 – The Professional Association of Management and Brokerage Firms of the West African Monetary Union (APSGI-UMOA) welcomed the participation of the Central Depository/Settlement Bank (DC/BR) of UMOA in the second edition of the “APSGI Rendezvous.”

This second edition of the APSGI Rendezvous, an initiative aimed at promoting the regional financial market of UMOA, took place on December 12 and 13, 2024, in Abidjan, under the theme “With the stock market, invest today for a better life tomorrow.”

“The objective of this second edition was to enhance the visibility of the market among economic players and the general public,” explained Mr. Soualiou Fadiga, Executive Director of APSGI.

We chose DC/BR as the co-host of the event and were greatly honored by its participation through the exhibition hall and, most importantly, the outstanding facilitation of a workshop, where the Director of the Operations Department, Mr. Guimba Sylla, presented the key aspects of DC/BR’s activities," said Mr. Fadiga.

In an interactive session with host Stéphane Tchriffo and a diverse audience, Mr. Guimba Sylla reviewed, on Friday, December 13, 2024, the second and final day of the event, the missions and key projects currently being implemented at the DC/BR, inspired by its 2021-2025 Business Plan.

In this regard, he explained the stakes and challenges of client-level account registration, the reduction of the settlement/delivery period from T3 to T2, and the project for the digitization of Public Offering operations (DGIAPE).

Earlier, Mr. Sylla praised and congratulated the SGI association for involving the DC/BR in this "event in a privileged position."

"Allow me to fulfill a mission entrusted to me by the Director General of the DC/BR, Mr. Birahim Diouf, whom I have the honor of representing here. That mission is to congratulate the APSGI but, above all, to thank them for involving us in this event in a privileged position," stated Mr. Guimba Sylla.

The Director of the Operations Department of the DC/BR further emphasized that this event is "a strategic platform that allows for in-depth discussions on recent developments, challenges, and key issues, as well as addressing topics related to the growth of our market."  

This edition, which brought together key stakeholders from the regional financial market ecosystem, featured panel discussions and thematic workshops. Topics covered included employee savings, challenges in real estate financing, alternative solutions for SME financing, the importance of the pension system, and the role of fintech in facilitating access to the stock market.

Participants and visitors also had the opportunity to explore exhibitions showcasing the expertise of companies within the regional financial market.  

ABOUT DC/BR  

The DC/BR is a specialized financial institution of the UMOA, headquartered in Abidjan, Republic of Côte d'Ivoire. Led by Mr. Birahim Diouf, it is responsible for centralizing the custody of securities for its members, ensuring the successful settlement and delivery of transactions following stock market trades, and processing corporate actions.  

As a full member of the Association of National Numbering Agencies (ANNA), it assigns securities identification codes in the UMOA according to the ISO-6166 standard. The DC/BR was established in 1996 and officially began operations on September 16, 1998.  

ABOUT APSGI  

The Association Professionnelle des Sociétés de Gestion et d’Intermédiation de l’UMOA (APSGI-UMOA), founded on December 3, 1998, serves as the representative body for brokerage and asset management firms across the eight UMOA countries. Chaired by Mrs. Roselyne Abé, it currently includes 35 SGIs.