Not as bad as you think?

For West African Stock Markets, Francophone Nations, Not Anglophone, Have The Edge

By  |  January 12, 2021

For much of what concerns funding and capital inflow in Africa, the Anglophone countries seem to have the advantage. Many have called it a divide that results from the language barrier. Some have also labelled it a situation no kind of explanation can exhaust. 

For example, there are conversations around the unarguable fact that when it comes to venture capital considerations, Francophone African companies are relegated. Anglophone African firms can be said to be pulling off a Safaricom when it comes to venture capital reception in the continent.

Nevertheless, when it comes to capital markets and a trend that sees bourses merge for a bigger market cap, French-speaking West Africa shines. 

In Africa, there are two well-known merged stock markets; one in East Africa between Uganda, Rwanda, and Tanzania. The second, called the Bourse Régionale des Valeurs Mobilières (BRVM), is the regional exchange for West African Francophone countries. 

Solving a longstanding problem

For the most part of the last decade, there were talks about unifying key stock exchanges across West Africa. The goal was to facilitate cross-border listing and region-wide securities trading.


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