On the sidelines of the 9th edition of the Africa SME Champions Forum which is being held in Abidjan on October 9 and 10, 2024, the Regional Stock Exchange (BRVM) and the Arab Bank for Economic Development in Africa (BADEA) signed this Wednesday October 9, 2024, a partnership agreement for the financing of UEMOA SMEs.
The objective of this Global Cooperation Agreement is to define a strategic partnership framework between the BRVM and BADEA on issues of common interest, especially improving the financing of Small and Medium Enterprises (SMEs) in the UEMOA. It includes three (3) axes, namely (i) capacity building of SMEs in WAEMU countries which constitute the essential part of its economic fabric through a technical assistance program; (ii) financing of UEMOA SMEs through access to the debt market and (iii) financing of UEMOA SMEs through equity support.
Since the opening in December 2017 of its third compartment dedicated to SMEs and specifically SMEs with high growth potential, the BRVM has set up a support program called “Elite BRVM Lounge” from 2018 to prepare SMEs for financing by the market.
Based on the lessons learned from this first program which saw the participation of 30 SMEs from our Union, a new support program is in preparation.
This new program will benefit more than a hundred SMEs.
This is an opportunity for the BRVM to salute the leadership of President Dr Sidi Ould TAH for BADEA’s commitment to supporting the efforts undertaken by the BRVM for the financing of SMEs for the acceleration of growth and sustainable development of our Union.