UMOA-Securities will leverage financial innovation to secure more investments this year

Investments
Thursday, 09 January 2020 14:54
UMOA-Securities will leverage financial innovation to secure more investments this year

(Togo First) - Yesterday, the UMOA securities market launched its second annual meeting in Dakar, Senegal. 

This year, the event focuses on this market’s challenges, especially on ways to consolidate its leadership. According to UMOA-Securities’ managing director, Adrien Diouf, “the goal this year is to mobilize the whole financial sphere of our region to innovate and get more investors - institutions and individuals - to make the market more dynamic (…) Hence, helping our countries to raise enough for their budgets and development projects.”

Among measures discussed at the gathering, to achieve this goal, is the need for a better distribution of securities. This should significantly expand the investor base, as well as to help produce more sophisticated financial products. 

In 2019, nearly XOF3,420 billion (about $5.8 billion) was raised on the UMOA-securities market. 

Ayi Renaud Dossavi

togofirst mobile

 
Sondage
Should we encourage young togolese toward agriculture?
  • 57 Votes
    Yes
    55.88%
  • 25 Votes
    No
    24.51%
  • 20 Votes
    Don't have opinion
    19.61%
← Back
Total 102 Votes

To contact us: c o n t a c t [@] t o g o f i r s t . c o m

Please publish modules in offcanvas position.