Africa ETP News
you are currently viewing::BRVM's eight countries move to T+2 settlement on 4 DecDecember 2, 2025-The West African regional securities market is switching to T+2 settlement (second day after trading) with effect from the trading session this Thursday, 4 December. The move has been prepared by the Dépositaire Central / Banque de Règlement (DC/BR, central depository and settlement bank) and will take effect from Friday's trading on the Bourse Régionale des Valeurs Mobilières (BRVM). The BRVM and the DC/BR are financial institutions at the heart of the capital markets of the West Africa Monetary Union (WAMU, or l'nion Monétaire Ouest-Africaine -UMOA), which draws together eight countries with a shared currency (CFA franc or XOF) and a single central bank Banque Centrale des États de l’Afrique de l'Ouest (BCEAO) and one capital markets regulator l'Autorité des Marchés Financiers de l’Union Monétaire Ouest Africaine (AMF-UMOA), which has approved the change to T+2 . The DC/BR is based in Abidjan. The eight countries are: Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo. Source: africancapitalmarketsnews.com |
West Africa growth projected at 4.6% in 2026, remains resilient-AfDB Regional Economic Outlook Report
August 10, 2026---Câte d'Ivoire remains largest economy in the West African Economic and Monetary Union (WAEMU), expected to grow by 6.5% in 2025
West Africa demonstrated economic resilience in 2025, recording growth of 4.8%, above the continental average of 4.4%, amid geopolitical tensions, insecurity in parts of the region, increasing fragmentation of the global economy and heightened volatility in international financial markets.
Africa: 'Nigeria's Fintech Ecosystem Has Become One of Africa's Largest'
August 10, 2026---Chairman of the House Committee on Insurance and Actuarial Matters, Ahamadu Usman Jaha, has said Nigeria's fintech ecosystem has become one of the largest in Africa, noting that the country's growing payment ecosystem continues to attract significant investment.
Africa: Zimbabwe Overtakes Nigeria As Africa's Best-Performing Stock Market
August 6, 2026--Zimbabwe ended last month as Africa's best-performing equity market, overtaking Nigeria, the continent's most populous nation, after months of sustained gains driven by easing inflation, a more stable domestic currency, and renewed investor appetite for local equities.
Nairobi Securities Exchange Plans East Africa's First AI ETF- But Its CEO Is Watching for a Bubble
August 5, 2026--The Nairobi Securities Exchange is building East Africa's first exchange traded fund focused on AI stocks, with plans to offer it to investors before year-end- though its chief executive says the launch could be delayed if the global AI rally starts to look overdone.
