BRVM Director General Dr. Edoh Kossi AMENOUNVE Unveils 2024 Achievements and 2030 Vision
On January 16, 2025, Dr. Edoh Kossi AMENOUNVE, the Director General of the Regional Stock Exchange (BRVM), broke tradition by presenting the institution’s annual results directly to the media at its headquarters in Abidjan. This landmark event highlighted the BRVM’s remarkable achievements in 2024 and outlined its ambitious vision for 2030, emphasizing sustainability, innovation, and market expansion.
2024: A Year of Milestones
Dr. AMENOUNVE detailed several key accomplishments that solidified the BRVM’s position as a leading financial hub in Africa. Among the highlights:
- The introduction of the Benin National Lottery, increasing the number of listed companies to 47.
- A capital increase by Union Bank to strengthen its equity.
- The launch of 29 bond lines, totaling over 1,600 billion FCFA, including the first-ever stable financial instrument.
- A 28.89% growth in the BRVM Composite Index, ranking it as the 7th best-performing African index.
- A record equity market capitalization of 10,078.68 billion FCFA, representing over 15% of the Union’s GDP and confirming the BRVM as the 5th largest stock exchange in africa.
These achievements underscore the BRVM’s resilience and its pivotal role in driving economic growth within the West African Economic and Monetary Union (UEMOA).
2030 Vision: A greener, Digital Future
Looking ahead, Dr. AMENOUNVE unveiled the BRVM’s strategic roadmap for 2030, centered on sustainability, innovation, and inclusivity. The institution aims to:
- Strengthen its commitment to sustainability by integrating green finance initiatives.
- Launch innovative products tailored to younger investors, such as Exchange-Traded Funds (ETFs).
- Enhance risk management through derivative products.
- address housing needs in the UEMOA region by expanding financing options.
- Boost funding for strategic sectors like agriculture, energy, and extractive industries.
- Leverage new technologies and artificial intelligence to create a more efficient and effective market.
“the BRVM wants to be greener,digital with new markets,products,and services,” Dr. AMENOUNVE emphasized, highlighting the institution’s forward-thinking approach.
A Collaborative Effort
The ceremony was graced by prominent figures, including the President of the AMF-UMOA, the Chairman of the BRVM’s Board of Directors, and representatives from key institutions like the BCEAO, the UEMOA Commission, and the DC/BR. Dr. AMENOUNVE expressed gratitude to these stakeholders and professional market associations for their unwavering support in advancing the regional financial market.
Key Highlights of BRVM’s 2024 Achievements
| Achievement | Details |
|——————————————|—————————————————————————–|
| Listed Companies | Increased to 47 with the addition of Benin National Lottery |
| Bond Lines | 29 lines launched, totaling over 1,600 billion FCFA |
| BRVM Composite Index Growth | 28.89% increase, ranking 7th in Africa |
| Equity Market Capitalization | 10,078.68 billion FCFA, over 15% of UEMOA’s GDP |
| Strategic Vision for 2030 | Focus on sustainability, innovation, and digital change |
Dr. AMENOUNVE’s leadership continues to propel the BRVM toward new heights, ensuring its relevance in an ever-evolving financial landscape. as the institution embraces sustainability and innovation, it remains a cornerstone of economic development in West Africa.For more insights into the BRVM’s initiatives, visit their official website here.
