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West African Financial Experts to Gather in abidjan for Investment Summit
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Abidjan, Ivory Coast – The Association of Professional Societies for Investment Management adn Intermediation in the West African economic and Monetary Union (APSGI-UEMOA) will host its second annual “Rendezvous of the APSGI” on December 12-13, 2024, in Abidjan.
The event, themed “Investing Today for a Better Tomorrow,” aims to promote the West African Economic and Monetary Union’s (UEMOA) regional financial market, foster a culture of investment, and educate economic actors, investors, and the general public about the opportunities and benefits of the UEMOA financial market.
“This gathering will highlight the crucial role of the APSGI-UEMOA in the regional financial sector,” said Roselyne Abé, President of APSGI-UEMOA, during a press conference in Abidjan on December 4, 2024. “Through exchanges, partnerships, and investments, we aim to strengthen our position as a key player in the region’s financial landscape.”
Abé emphasized the success of the UEMOA regional financial market, which has facilitated the mobilization of over 21 trillion West African CFA francs through bond issuances and public offerings. She also highlighted the role of investment management and intermediary societies in raising capital through the financial market.
The “Rendezvous of the APSGI” promises to be a platform for insightful discussions, networking opportunities, and a deeper understanding of the potential of the UEMOA financial market for regional economic growth and growth.
[Image: A bustling stock exchange floor with traders working diligently.]
The event is expected to attract a diverse range of participants, including financial experts, policymakers, investors, and entrepreneurs, all eager to explore the latest trends and opportunities in the West African financial landscape.
West African Stockbrokers Aim to Democratize Investing
Dakar, Senegal - Stockbrokers in West Africa are on a mission to make investing accessible to everyone, not just the wealthy elite.
Roselyne Abé, a leading figure in the region’s financial sector, highlighted the need for greater financial inclusion during a recent industry event. “Our regional financial market isn’t diverse enough considering the size of our economies,” Abé stated.”popular share ownership and investment culture are underdeveloped.”
This sentiment is echoed by a recent study commissioned by the Autorité du marché financier (AMF), the region’s financial regulator. The study, which mapped public understanding of the stock market, revealed that while 32% of respondents in the West African Economic and Monetary Union (UEMOA) see the stock market as a path to wealth, a significant portion still perceive it as exclusive.
“30% view it as a way to finance the economy, 29% see it as a means to contribute to economic development, while 6% believe it’s a scam,” Abé explained.
[Image: A diverse group of people looking at a stock ticker on a tablet.]
This perception, Abé argues, stems from a misconception that the stock market is only for the rich. ”People think the stock market is only for the wealthy or a select few,” she said.”But the reality is, the stock market is accessible to everyone, and our role as stockbrokers is to promote this investment culture.”
With less than 200,000 active trading accounts in a region of over 145 million people,the challenge is clear. Stockbrokers are now focusing on educational initiatives and outreach programs to demystify the stock market and empower individuals to participate in the region’s economic growth.
Investing for Tomorrow: West African Stockbrokers Aim to Demystify the Market
abidjan, Côte d’Ivoire - The Association of professional Stockbrokers of the West African Economic and Monetary union (APSGI/UEMOA) is hosting a two-day conference aimed at demystifying the stock market and encouraging individuals to invest for their future.
The conference, which kicked off today, features panel discussions on a range of topics, including using the stock market for retirement planning and the theme “Investing Today for a Better Tomorrow.”
“We want everyone to see the stock market as a tool to secure their future,” said Eliane Alangba, a member of the conference’s organizing committee.
Sessions will delve into practical questions like “How to Prepare for a Cozy Retirement” and “Financing Your Dreams with the Stock market.”
Ismaël Cissé, the APSGI/UEMOA’s vice president for finance, emphasized the long-term benefits of investing in the stock market. “The stock market offers significant potential for returns that often surpass traditional savings accounts,” he explained.
Addressing concerns about market volatility, Cissé advised attendees to be informed investors. “It’s crucial to understand where you’re putting your money and avoid speculative trading, which can give the market a bad reputation,” he cautioned.
The APSGI, which represents stockbrokers across the UEMOA region, boasts 37 members operating on the BRVM, the fifth largest stock exchange in Africa. with a market capitalization of 10,000 billion CFA francs in 2024, the BRVM presents a significant possibility for investors in West Africa.
West African Finance Experts: Building a More Inclusive Investment Future
By: [Your Name], News Directory 3
Abidjan is gearing up to welcome key players in the West African financial sector for a crucial summit focused on driving investment and promoting financial inclusion.
The ‘Rendezvous of the APSGI’, hosted by the Association of Professional Societies for Investment Management and Intermediation in the West African Economic and Monetary Union (APSGI-UEMOA), takes place on December 12-13th. The event, themed ”Investing Today for a Better tomorrow,” aims to highlight the opportunities within the UEMOA regional financial market and encourage broader participation in the investment landscape.
“This gathering is about more than just finance; it’s about equipping individuals,entrepreneurs and businesses with the tools to build a brighter future,” explained Roselyne Abé,President of APSGI-UEMOA,in an exclusive interview with News Directory 3.
Abé emphasized the success of the UEMOA regional financial market, which has already facilitated the mobilization of over 21 trillion West African CFA francs through bond issuances and public offerings.This success, she stated, demonstrates the potential for even greater growth and underscores the vital role of investment management and intermediary societies in fueling this progress.
However, the APSGI-UEMOA recognizes that much work remains to be done to truly democratize investing.
“Our regional financial market isn’t diverse enough considering the size of our economies,” conceded Abé.”Popular share ownership and investment culture are underdeveloped.”
This sentiment echoes concerns raised by other financial experts who recognize the need to overcome barriers to entry and create a more inclusive investment ecosystem.
The ‘rendezvous of the APSGI’ will serve as a platform for tackling these challenges head-on. Through panel discussions, workshops, and networking events, participants will engage in crucial conversations about fostering a culture of investment, promoting financial literacy, and leveraging technology to reach a wider range of investors.
Expected attendees include a diverse group of stakeholders, including financial experts,policymakers,investors and entrepreneurs,all eager to contribute to the development of a more robust and inclusive financial future for West Africa.
The summit comes at a critical juncture for the West African region as it seeks to harness the power of investment for sustainable economic development. The ‘Rendezvous of the APSGI’ promises to be a catalyst for positive change, paving the way for a more prosperous and inclusive financial future for all.
Stay tuned to News Directory 3 for exclusive coverage of the ‘Rendezvous of the APSGI’ and ongoing developments in the West African financial landscape.