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Across Your Markets

Change in commodity futures prices YTD May 8, 2020: Cocoa (-4.8%); Wheat (+3.7%); Maize (-17.5%); ICE Natural gas (-55%); Gold (+12.1%); Soyabeans (-23.1%); Cotton (-18.2%); Rough rice (+27.2%); Platinum (-18.5%); Arabica coffee (-15.1%); Brent crude oil (-53.3%); Copper (-14.6%); Sugar (-23.3%);     Whilst Africa's growth in 2020 could fall to its lowest since the 2008/9 global financial crisis, the asymmetric nature of shocks facing the region, coupled with increasing investment and cross-border trade, should help the region recover speedily.

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May 10, 2021

Franc Opinion–West African Bourse: How will investors swallow the good doctor’s advice?


Dr Edoh Kossi Amenounve, the CEO of the Francophone West African regional stock market (BRVM) is on an international tour to promote the bourse which is showing signs of recovery after 2 years of sluggish performance.

brvmWith 3 IPOs in the pipeline and a catalogue of “good” projections, Dr Amenounve is hoping to woo investors looking to diversify into frontier markets. However, the need for better disclosure and current communication barriers could keep potential investors at bay, with listed companies not doing enough to promote corporate transparency.

Franctrade sides with Dr Amenounve’s optimism but cautions that investors must remain vigilant to underlying feedstock fundamentals which are key to a swathe of companies already listed on the exchange. See Côte d’Ivoire’s Uniwax makes a compelling case but feedstock risks need to be managed.

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