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

20220914 MoU BRVM LuxSE
14/09/2022

LuxSE and West-African regional exchange BRVM join forces on...

Earlier today, during an official visit to Luxembourg by representatives from Bo...

Bourse de Luxembourg
LuxSE
12/09/2022

LuxSE marks KfW’s EUR 50 bn green bond milestone

KfW, a promotional bank owned by the Federal Republic of Germany and the German ...

Bourse de Luxembourg
Julie Becker CEO LuxSE 01 web
29/06/2022

LuxSE named Stock Exchange of the Year by Environmental Fina...

The Luxembourg Stock Exchange (LuxSE) has been granted the ‘Stock Exchange of ...

Bourse de Luxembourg
LuxSE India INX
01/06/2022

LuxSE and India INX strengthen cooperation

In a ceremony held in the Gujarat International Finance Tec (GIFT) City, India e...

Bourse de Luxembourg
20220511 LuxSE AGM-press Kinsch Becker Wagener 01
11/05/2022

LuxSE reports record results for 2021 and announces Alain K...

At this morning’s annual general meeting of the Luxembourg Stock Exchange (Lux...

Bourse de Luxembourg
20220505 LuxSE-Un Women MoU Signing
06/05/2022

LuxSE and UN Women join forces to advance gender finance

The Luxembourg Stock Exchange (LuxSE) and the United Nations Entity for Gender E...

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