Archive for the 'Burkina Faso' Category

BRVM investment open days – 14 March Johannesburg

BRVM in Abidjan (photo Tom Minney African Capital Markets News)

One of the world’s most successful regional stock exchanges, linking eight West African countries with a stable currency and fast growth, will come to South Africa to outline investment opportunities. The Bourse Régionale des Valeurs Mobilières (BRVM), headquartered in investment destination Côte d’Ivoire, will meet South African fund managers and market experts on March 14 at “BRVM Investment Days in Johannesburg”. This exclusive investor forum is part of a global 2018 BRVM roadshow.

Edoh Kossi Amenounve, CEO of the BRVM, will outline strategic developments on the exchange, including: investor-friendly trading and disclosure, working with London and Casablanca stock exchanges to boost growth companies in the region, and a board for mining companies after big discoveries in the region.

Other speakers are:
• Dominic Bruynseels, Regional CEO West Africa for Standard Bank, which sees the potential for growth in the West African Economic and Monetary Union (WAEMU) region and opened its first branch in Côte d’Ivoire in August 2017
• Samira Mensah, Associate Director of Standard & Poor’s Global Ratings, with an overview of banks in the region as well as fixed income and other securities
• Michael Barnes, Head of Sales and Trading at stockbroker African Alliance, one of the leading South African stockbrokers for trading on the BRVM exchange.

The speakers will share insights on the economies – the IMF forecasts growth at 6.5% or 6.6% a year across the region until 2021 – and on sectors, shares and key investment themes. It is a unique opportunity for South African institutions to learn more about the potential of Africa as regional links become stronger.

WAEMU combines eight West African countries with a population of 110 million: Benin, Burkina Faso, Côte d’Ivoire, Guinea Bissau, Mali, Niger, Senegal and Togo. WAEMU shares a single currency, the CFA franc, which is linked to the value of the euro (EUR), and a single central bank and capital markets regulator.

Mr Amenounve says: “South African investors are taking increasing interest in the opportunities in Africa as the world’s long-term growth story. The West African region offers fast, diversified growth and interesting lessons on regional development and economic linkages. In our countries, demographics, development, technology and increasing productivity all offer opportunities and the regulated exchange market offers liquidity and support to investors.”

The BRVM has 45 listed companies and is Africa’s sixth biggest exchange in terms of market capitalization with $12.5 billion in shares listed at end December 2017, plus 32 government and corporate bonds and five sukuk. To register online, please visit www.brvminvestmentdays.org.

Contact person for all event-related questions: Ms. Aziza Albou Traore ceo@azmediaagency.com Tel: +1 646 3772178
For any event-related or media enquiries, please contact: Ms. Glynis Loizeau: glynis@azmediaagency.com Tel: +33-6-83-48-75-85

This event is organized by AZ Media Agency www.azmediaagency.com
Twitter @BRVM_UEMOA #BRVMInvestmentDays

5 Africans named social entrepreneurs of 2012

 

Five leading Africans and innovators were named Social Entrepreneurs of the Year 2012 Africa last week at the World Economic Forum on Africa in Addis Ababa, Ethiopia. The awards are made by the Schwab Foundation for Social Entrepreneurship and were presented by Klaus Schwab, Founder and Executive Chairman of the World Economic Forum.

The five winners include 2 entrepreneurs from South Africa and 1 each from Ethiopia and Rwanda, plus an award to a team (2) in Burkina Faso:

Bethlehem Tilahun Alemu, Co-Founder and Managing Director, soleRebels, Ethiopia

SoleRebels uses recycled car tyres for rubber soles to create durable, stylish and eco-friendly footwear for international markets. It offers training and employment to hundreds of underprivileged workers in Ethiopia, tapping the country’s rich artisan heritage and creating a new employment model for local enterprises. it also uses other environmentally friendly practices and is committed to zero carbon footprint.

Sameer Hajee, Chief Executive Officer, Nuru Energy Group, Rwanda

The group works with micro-entrepreneurs to disseminate its Nuru LED light, which gives up to 26 hours of light and costs one-sixth of the cost of kerosene to recharge. It can be recharged using an off-grid, pedal-powered platform. So far, Nuru Energy has set up 70 village-level entrepreneurs who have sold 10,000 Nuru lights. Many homes in Africa are not connected to electricity grids.

Paul Scott Matthew, Director Africa, North Star Alliance, South Africa

In the 1990s, Paul Matthew saw the alarming impacts of HIV/AIDS on mobile workers such as truck drivers and realized these workers lacked access to basic healthcare. North Star Alliance provides mobile workers and related communities with continual access to high-quality health and safety services through a network of interlinked clinics known as “Roadside Wellness Centres”. Since opening its first centre in 2005 in Malawi, North Star has grown to 22 centres in 10 countries.

Andrew Muir, Executive Director, Wilderness Foundation, South Africa

The Wilderness Foundation, founded in 1972, integrates conservation programmes with social and educational work. It has trained thousands of youth to be community leaders and national park rangers and more than 100,000 disadvantaged/vulnerable youth have benefitted from the Wilderness Foundation through its social intervention and environmental education programmes. The stewardship of the Wilderness Foundation has rehabilitated over 200,000 hectares of African wilderness and these areas are being expanded in the interests of conservation and environmental protection.

Seri Youlou and Thomas Granier, Co-Founders, Association la Voute Nubienne, Burkina Faso

Seri Youlou, a farmer from Burkina Faso, and Thomas Granier, a French mason, built a Nubian vault home in Burkina Faso over 10 years ago. By training farmers in the construction of homes with vaulted earth-brick roofs, the association provides an affordable, ecologically sustainable housing alternative and source of income to farmers during the off-seasons. Today, more than 200 masons have built over 1,300 Nubian vault homes in West Africa.

Hilde Schwab, Chairperson and Co-Founder of the Schwab Foundation for Social Entrepreneurship, commented in a press release: “Africa has seen tremendous growth over the past decade. Social entrepreneurs use innovative approaches to extend access to healthcare, education, energy and housing to marginalized populations that may not otherwise be included in the traditional markets. They ensure that growth, such as that experienced in Africa, is and will be inclusive.” Social entrepreneurs implement innovative and pragmatic solutions to social problems by tackling the root causes and creating social transformation

The Schwab Foundation was founded in 2000 and has been identifying the world’s leading social entrepreneurs in over 40 countries around the globe.

 

IFC invests in bank to bring home mortgages to Burkina Faso

The International Finance Corporation (www.ifc.org) has signed an agreement to invest up to $0.6 million in Banque de l’Habitat du Burkina Faso and will also provide advice. The bank is the first in Burkina Faso dedicated to housing and IFC aims to help strengthen the country’s financial sector and show that mortgage lending is commercially viable.
IFC is adding an advisory services programme to strengthen the bank’s operations, particularly in the areas of risk management and mortgage and property finance, during its critical growth phase.
Thierry Tanoh, IFC Vice President for Sub-Saharan Africa, Latin America and the Caribbean, and Western Europe, was in Burkina Faso for a session of the Presidential Council for Investment. He was accompanied by Yolande Duhem, IFC Director for West and Central Africa, and Mary-Jean Moyo, IFC Country Manager for Burkina Faso. Tanoh said: “This investment reaffirms IFC’s commitment to supporting private sector development in Burkina Faso. The success of this programme will require a strong commitment and continued cooperation from all parties in the housing value chain, including BHBF, developers, regulators, and other financial institutions.”
IFC is a member of the World Bank Group and, with 6 partners, launched a sector-wide advisory programme in September 2009 to help create a viable and sustainable mortgage market in Burkina Faso. IFC is supporting the Government in investment climate reforms, as reflected by its significant rise in the Doing Business ranking. In 2010, Burkina Faso was recognized as the world’s fourth most consistent reformer over the last 5 years and for 2 years has ranked first among countries in the same regional groupings in the ease of doing business.
The IFC press release last Friday did not mention whether ongoing army protests were disturbing the proceedings.