Ivory Coast

African Market Watch: Wed, 18th March 2015

Posted on by The Editorial Team
African Market Watch: Wed, 18th March 2015

BRVM [he Regional Stock Exchange, Cote d’Ivoire]: BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session today, higher than the previous day. BRVM 10 index gained 0.27% to close at 268.47pts and BRVM Composite index gained 0.04% to 264.32pts against 264.21pts previously. The equity market capitalization was recorded at XOF 6 522.15 billion, Likewise, the traded value was recorded at XOF 812.95 million and total volumes recorded at 150 410 shares in 157…

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Fitch Affirms Cote d’Ivoire at ‘B’; Outlook Positive

Posted on by The Editorial Team
Fitch Affirms Cote d’Ivoire at ‘B’; Outlook Positive

Fitch Ratings affirmed Côte d’Ivoire’s long-term foreign and local currency Issuer Default Ratings (IDRs) at ‘B’, with a ‘positive’ outlook. It also affirmed the short-term foreign currency IDR at ‘B’ and the Country Ceiling at ‘BBB-‘, in line with the Country Ceiling of the West African Economic and Monetary Union to which Côte d’Ivoire belong. It said that the ratings and the outlook are supported by solid economic activity in the context of political stability,…

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