When Edoh Kossi Amenounve, the chief executive of the Bourse Régionale des Valeurs Mobilières (BRVM), met with London-based investors in May, he was armed with a compelling message. The economies of the eight countries that constitute the West African Economic and Monetary Union (Waemu), and that share the BRVM, have grown at an average rate of 6% in the past five years.
Over the next three years, this figure is expected to increase to 7%. These markets, joined as they are by a common currency, the CFA franc, which is pegged to the euro, the same central bank and the same financial regulator, offer some of the best investment prospects in Africa.
