London Stock Exchange Group hosts West African Investment Day
- Event brings together West African businesses and global institutional investors
- Nialé Kaba, Minister, Economy and Finance, Côte d’Ivoire opens London trading
London Stock Exchange Group today held its first ‘West African Investment Day’ at its London headquarters in Paternoster Square. The event hosted a large number of West African companies, international investors and advisers.
The event was held in conjunction with BRVM (Bourse Régionale des Valeurs Mobilières), the West African regional exchange for Benin, Burkina Faso, Guinea Bissau, Côte d'Ivoire, Mali, Niger, Senegal and Togo, and BMCE Bank International (Banque Marocaine du Commerce Extérieur), the leading international bank specialising in African investment.
To mark the occasion Mrs Nialé Kaba, Minister, Economy and Finance, Côte d’Ivoire took part in a Market Opening Ceremony, together with Mr Edoh Kossi Amenounve, CEO, BRVM.
Xavier Rolet, CEO, London Stock Exchange Group said:
“We were delighted today to play host to some of West Africa’s leading companies. Helping to support and drive the region’s economy, our role in London is to work with these businesses, as a conduit for international investment in turn supporting the companies’ development. Today’s event gives us the opportunity to reflect on the increasingly strong partnership between West Africa and London, and explore how we can further strengthen our collaboration.”
Mrs Nialé Kaba, Minister in charge of Economy and Finance, Côte d’Ivoire said:
“My satisfaction is even greater because through this BRVM roadshow, investment opportunities in Africa and particularly in the WAEMU (West African Economic and Monetary Union) are identified. Our stock market today offers many advantages for the development of business activities and risk diversification for domestic and international investors. I invite international investors to take more interest in West Africa because there is still margin to be taken. This partnership between BRVM and foreign stock exchanges markets is welcome and must be improved.”
Mr Edoh Kossi Amenounve, CEO, BRVM, said:
“Along with Johannesburg, Lagos, Casablanca and Nairobi, our regional exchange embodies this new frontier of finance that offers safe investments with high returns.”
The West African Investment Day is part of a series of events London Stock Exchange runs to facilitate dialogue between London-based and global investors with international companies.
There are a number of West African companies that have existing relationships with LSEG.115 Sub-Saharan Africa-focussed companies are also quoted on London Stock Exchange markets, comprising:
- 26 companies on the Main Market
- 3 GDR listings on the Main Market
- 2 GDR listings on the Professional Securities Market (PSM)
- 84 companies quoted on AIM, the growth market
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Notes to editors:
About London Stock Exchange Group:
London Stock Exchange Group (LSE.L) is a diversified international market infrastructure and capital markets business sitting at the heart of the world's financial community. The Group can trace its history back to 1698.
The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's leading fixed income market; and Turquoise, a pan-European equities MTF. It is also home to one of the world’s leading growth markets for SMEs, AIM. Through its platforms, the Group offers international business and investors’ unrivalled access to Europe's capital markets.
Post trade and risk management services are a significant part of the Group’s business operations. In addition to majority ownership of multi-asset global CCP operator, LCH.Clearnet Group, LSEG operates CC&G, the Italian clearing house; Monte Titoli, the T2S-ready European settlement business; and globeSettle, the Group’s newly established CSD based in Luxembourg.
The Group is a global leader in indexing and analytic solutions. FTSE and Russell Indexes offer thousands of indices that measure and benchmark markets around the world. The Group also provides customers with an extensive range of real time and reference data products, including SEDOL, UnaVista, Proquote and RNS.
Following the acquisition of Russell Investments, LSEG conducted a comprehensive review of the investment management business to analyse its strategic fit with the Group. This was concluded in February 2015, and LSEG is now exploring a sale of the business in its entirety.
London Stock Exchange Group is a leading developer of high performance trading platforms and capital markets software for customers around the world. In addition to the Group’s own markets, over 35 other organisations and exchanges use the Group’s MillenniumIT trading, surveillance and post trade technology.
Headquartered in London, with significant operations in North America, Italy, France and Sri Lanka, the Group employs approximately 4,700 people.
Further information on London Stock Exchange Group can be found at www.lseg.com