The AELP (African Exchanges Linkage Project) is a joint initiative of the African Securities Exchanges Association (ASEA) and the African Development Bank (AfDB) aimed at integrating African stock exchanges to facilitate cross-border trading and securities settlement. The AELP also seeks to address liquidity shortages, attract international investors, and channel the savings of African institutional and retail investors.
It was inaugurated on December 8, 2022.
The West African Capital Markets Integration Council (WACMIC) was set up on January 18, 2013 as part of the integration of capital markets in the Economic Community of West African States (ECOWAS).
Its main objective is to create a harmonized regulatory environment for the issuance and trading of securities in the region. WACMIC comprises the Securities Commissions and Stock Exchanges of UEMOA, Ghana, Nigeria, Sierra Leone and Cape Verde.
Securities recorded in the DC/BR books are held in an omnibus account (i.e., accounts grouping all securities by account type). This current setup limits the level of transaction traceability.
Furthermore, to better serve its clients, the market aims to enhance the security of transactions. Transitioning to client-level account registration in the DC/BR books is intended to strengthen the current security level of operations and ensure their traceability to combat money laundering.
The DC/BR carries out actions that do not harm the environment by reducing paper usage through the digitization of its documents.
For several years, the DC/BR, in collaboration with the BRVM and local organizations, has been initiating community actions related to Corporate Social Responsibility (CSR).
These initiatives will be further strengthened. In this regard, collaboration with NGOs such as Les Femmes Shunamites, the Red Cross, schools, and others will be reinforced.
The goal is to improve the quality of life of employees, everyone who interacts with the company, and the community as a whole.
The establishment of the Regional Stock Market follows the signing of the treaty on November 14, 1973, which created the West African Monetary Union (WAMU). Initially composed of seven member countries—Benin, Burkina Faso, Côte d'Ivoire, Mali, Niger, Senegal, and Togo—the Union expanded in 1996...
The Central Depositary/Settlement Bank is responsible for the custody and circulation of dematerialized securities in the WAMU zone. It acts on behalf of both issuers and intermediaries. It acts as a settlement bank and may hold cash balances on behalf of traders.