Africa Connected

Why investors are excited by the regional stock exchange Ivory Coast dominates

Relative to other countries in West Africa, Ivory Coast has a fairly high income per capita of $3600 (according to the CIA World Fact Book; adjusted for purchasing power parity).

It is the largest economy in the West African Economic and Monetary Union, constituting roughly 40% of the union’s total GDP.

Acclaimed 702 journalist Nikiwe Bikitsha interviewed Kadi Fadika-Coulibaly, the Managing Partner of Ivorian financial services company SGI Hudson & Cie.

SGI Hudson & Cie is a leading player on the Bourse Régionale des Valeurs Mobilières SA (BRVM), the regional stock exchange (Ivory Coast, Benin, Burkina Faso, Guinea-Bissau, Mali, Niger, Senegal, and Togo).

There are moves afoot by the BRVM to link up with Nigeria, Ghana and Sierra Leone.

Kadi Fadika-Coulibaly’s company offers services to international and regional clients that include brokerage, investment banking, research and analysis as well as asset management.

The company has partners in South Africa, Nigeria and Morocco.

We are very happy to be in this growing, frontier market.

Kadi Fadika-Coulibaly, SGI Hudson & Cie

Ivory Coast, along with other commodity producing economies, had a challenging 2016.

Nevertheless, Fadika-Coulibaly expects GDP to grow at about 7.5% to 8% in 2017.

She says that investors are particularly excited by Ivory Coast’s banking, rubber processing and palm oil sectors.

Click here to access the Africa Connected portal or click below to watch Nikiwe's full interview with Kadi Fadika-Coulibaly...


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