BRVM reveals second batch of SMEs joining its Elite BRVM Lounge program

Economic governance
Wednesday, 12 December 2018 14:27
BRVM reveals second batch of SMEs joining its Elite BRVM Lounge program

(Togo First) - As announced last week, the Bourse Régionale des Valeurs Mobilières (BRVM), released on Monday the second batch of 10 enterprises, under its Elite BRVM Lounge program.  

Developed by the London Stock Exchange Group (LSEG), this program is a “dynamic ecosystem revolving around the enterprise and aiming to support and foster innovation, entrepreneurship and growth”.  Though their names are yet to be known, the 10 SMEs selected under this second batch come from Burkina Faso, Benin, Côte d’Ivoire, Mali and Senegal, sources indicate.

This second batch of firms selected to adhere to the Elite BRVM Lounge adds to another of 10 businesses also. Through this scheme, WAEMU’s stock market wants to “help boost capacities of firms that have a high-growth potential across the sub-region, thus enabling them to access a new source of financing via WAEMU’s regional financial market”.

Let’s recall that a Togolese firm, Sodigaz, was among the first ten companies selected to join the program. The other nine were ATC-IB (Benin ; wood industry) Bénin Petro, Isocel Télécoms (telecommunications-Internet), ASI BF (Burkina Faso), Général des assurances (Burkina Faso), ENSBTP (Côte d'Ivoire), Sodigaz Mali, Neurotech (Senegal; IT solutions) and Technologies Services (Senegal, medical equipment supplier).

Séna Akoda

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