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Financing: The diaspora can play a very important role in Africa

by FRANCE 24 3.3K views 0 minutes read

The Regional Stock Exchange (BRVM) aims to mobilize savings from the African diaspora with a new “diaspora bond.” This involves issuing bonds targeted at Africans living abroad. These securities offer an alternative to borrowing on the international capital markets and “can play an extremely important role” in financing economic projects in Africa, explains Edoh Kossi Amenounve, the BRVM’s CEO, on the France 24 set.

The BRVM is the common stock exchange for eight West African countries: Benin, Burkina Faso, Guinea-Bissau, Côte d’Ivoire, Mali, Niger, Senegal, and Togo.

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