Africa
A pioneer in telecommunications and IT solutions in Africa, the Sancfis Group (www.Sancfis.net) is pleased to announce the admission of its Burkina Faso subsidiary to the third compartment of the West Africa Regional Stock Exchange (BRVM).
This compartment was opened on December 19, 2017 and is intended for Small and medium-sized enterprises (SMEs), and companies with high growth potential. Its purpose is to provide these two categories of economic operators with access to long-term capital, in order to accelerate their growth and promote the emergence of champions in the main areas of activity within the West African Economic and Monetary Union, UEMOA.
At the end of a rigorous process which conditions access to the collection of public savings, Sancfis Faso is the very first SME admitted to benefit from the financing mechanism that the third compartment of the BRVM is. On the occasion of this IPO, Sancfis Faso releases 1,500,000 shares at 600 CFA francs each, being 30% of its share capital. The first listing is scheduled between March 25 and 30, 2023.
About the West Africa Regional Stock Exchange:
Created on December 18, 1996 in Cotonou, Benin, with its headquarters in Abidjan, Côte d’Ivoire), the West Africa Regional Stock Exchange (BRVM) is an electronic stock exchange common to the 8 countries of the West African Economic and Monetary Union, UEMOA: Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo. The BRVM offers equity securities (shares), as well as the admission and trading of debt securities (bonds). It provides investors with a world-class trading environment, with state-of-the-art trading and settlement/delivery systems. The BRVM is simultaneously an economic, political, institutional and technical success. It is the only stock exchange in the world which is shared by several countries, totally electronic and perfectly integrated.
A.I
Tags: Sancfis Faso
