Abidjan-based Bourse régionale des valeurs mobilières (BRVM), WAEMU’s stock market, plans to open an office in Togo.
The news was disclosed by the institution’s director-general, Edoh Kossi Amenounve, last week after a meeting with Togolese PM Victoire Tomégah Dogbé.
“We want to make sure that the financial market can support the State and the private sector in financing major development projects,” said Edoh Kossi Amenounve.
The projected office will help the stock market better operate in Togo, and in the long run foster the emergence of popular shareholding in the country.
“We are thinking of ways to make the Togolese people, as part of the social and financial inclusion strategy, get involved in the activity of Togolese businesses by becoming shareholders and also make sure that wealth created by businesses can also be shared with the people,” Amenounve added.
Let it be noted that the BRVM already has a national stock antenna (ANB) in each of the eight countries that it covers.
