LuxSE and West-African regional exchange BRVM join forces on sustainable finance

en

Earlier today, during an official visit to Luxembourg by representatives from Bourse Régionale des Valeurs Mobilières (BRVM), the Luxembourg Stock Exchange (LuxSE) and the West-African regional exchange celebrated the signing of a Memorandum of Understanding (MoU).

<< Back
14/09/2022 |
  • 20220914 MoU BRVM LuxSE

The MoU, which places a heavy emphasis on sustainable finance, marks the first official step in what is hoped to be a journey of cooperation to strengthen sustainable finance in the markets covered under BRVM’s remit.

“Sustainable finance represents a financing opportunity for emerging countries because they have the possibility of attracting a new type of investors, who otherwise would not have been interested in their bond issues. That is why, I am delighted with the signing of this MoU with the Luxembourg Stock Exchange for the development of sustainable finance within the West African Economic and Monetary Union,” said Edoh Kossi AMENOUNVE, CEO of BRVM.

Cooperation across continents

BRVM is one of the cornerstones of the West African Economic and Monetary Union, which works towards greater integration between Benin, Burkina Faso, Cote d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo. The exchange is shared by the eight countries. LuxSE is the leading listing venue for international debt securities and a pioneer in sustainable finance. It established the Luxembourg Green Exchange (LGX) in 2016, the world’s leading platform for sustainable finance, currently encompassing more than 1,400 sustainable debt securities.

Through the MoU, the two exchanges commit to explore the creation of a bond market dedicated to green, social, sustainability and sustainability-linked bonds at BRVM, and analyse opportunities for dual-listing of sustainable securities. In addition, the two institutions commit to collaborate on sustainable finance training programmes as part of the BRVM Academy.

“Strengthening cooperation with our counterparts in Africa is a key priority for our exchange this year. We are pleased to join forces with BRVM and work together to help BRVM establish a market for sustainable bonds and furthermore make it easier for international investors to identify investment opportunities that finance sustainable development in Western Africa. While Europe is in the driving seat of sustainable finance, Africa represents

only a fraction of global green bond issuance. This needs to change as sustainable capital is needed to finance sustainable development in the region,” commented Julie Becker, CEO of LuxSE.

Progress through financial literacy

In 2019, BRVM announced the launch of the BRVM Academy to educate financial professionals and the general public from the Western African Economic and Monetary Union in key theories behind capital markets and stock exchanges. Similarly, in May 2020, LuxSE launched the LGX Academy, which allows course participants to gain a deeper understanding of the fundamentals of sustainable finance and the regulations and key players which shape the industry. Reflecting their strong focus on addressing the knowledge gap that hinders the acceleration of sustainable finance, the two institutions will now team up to develop sustainable finance courses as part of the BRVM Academy.

Back to top  | << Back

Communiqués liés

Julie Becker CEO LuxSE 01 web
15/12/2022

LuxSE welcomes CICC UK as new trading and listing member

The Luxembourg Stock Exchange (LuxSE) is pleased to announce the admission of Ch...

Bourse de Luxembourg
MoU signing LuxSE VNX Backes Pham
12/12/2022

LuxSE and Vietnam Exchange join forces to accelerate sustain...

In the context of the official visit to Luxembourg by Prime Minister of Vietnam ...

Bourse de Luxembourg
Julie Becker CEO LuxSE 01 web
01/12/2022

Symbiotics Investments brings world’s first INR-denominate...

2022 was a key year for gender finance, which saw an increase in gender-focused ...

Bourse de Luxembourg
download
03/11/2022

Util closes $6 million seed investment round led by Eldridge

Raise will support the data provider’s expansion in the U.S. meeting wider dem...

Bourse de Luxembourg
2015 06 09 Bourse-PG-1
25/10/2022

LuxSE partners with BFF Bank to introduce new post-trade mod...

The Luxembourg Stock Exchange (LuxSE) today announced the launch of its new post...

Bourse de Luxembourg
Julie Becker CEO LuxSE 01 web
19/10/2022

Agreement announced to carry out the "ESG Analysis Certifica...

Initiative is led by GOVERNART, Santiago Stock Exchange and Luxembourg Stock Exc...

Bourse de Luxembourg

Il n'y a aucun résultat pour votre recherche

We use cookies to ensure the best experience on our website. By accepting you agree the use of cookies. OK Learn more