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 |
South African rand strengthens after surprise GDP growth data
June 9, 2026- The rand strengthened on Tuesday after South Africa's economy expanded more than expected in the first quarter of 2026, though the impact of the Iran war was likely to be reflected in the next release.
At 1415 GMT, the rand traded at 16.4325 against the U.S. dollar, up about 0.6%.
