Stock market: BRVM and Enko capital join forces

It is in order to bring more companies to be listed on the stock exchange than the founding director of Enko capital, Cyrille Nkontchou, and Dr. Edoh Kossi Amenounve, director of the Regional Stock Exchange (BRVM) signed Wednesday, September 26 in Abidjan, a partnership agreement.

According to the boss of Enko capital, its structure intends to rely on the elite program of Brvm to attract more companies.
“This is a program we will be following particularly and we already have a pool of potential candidates for the IPO,” Nkontchou said.
Note that the Elite Brvm Lounge program, developed by the London Stock Exchange Group (LSEG) since 2012, aims to help small and medium-sized businesses prepare and structure the next stage of their growth through access to financing opportunities. long-term.
It concerns in particular SMEs of the States of the West African Economic and Monetary Union (UEMOA) which will be selected on the basis of objective criteria. To join, the entity must have an annual turnover of more than 500 million CFA francs and an increase over the year preceding the application.
For its part, Enko Capital plans a fund of nearly 50 billion FCFA that will be dedicated to investing in companies that have expressed the wish to enter the stock market.
The partnership will thus boost the process of IPO and bring more players on the stock exchange especially the private sector.

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