The Bourse Régionale des Valeurs Mobilières (BRVM) plans to discuss closer alignment of African market rules at a November summit, as the region’s exchange-link project had recorded 21 transactions by Jan. 1, 2026.
The Africa Financial Summit (AFIS) is scheduled for Nov. 3-4 in Luanda, Angola. BRVM Director General Edoh Kossi Aménounvé is due to join a panel on cross-border liquidity and harmonized listings, according to an Oct. 22 statement from the exchange.
AFIS’s panel page puts the project’s activity at 6,160 shares traded, valued at $8,670, across 21 transactions as of Jan. 1, 2026. The African Exchanges Linkage Project (AELP) is an initiative to support trading between African markets. The African Securities Exchanges Association (ASEA) described that purpose in a 2022 release, which said the project’s first phase included seven exchanges, among them the BRVM.
The BRVM says it wants the summit discussion to cover ways to bring listing criteria and financial-information standards closer together and ease foreign-exchange regulations. It links that work to companies’ ability to seek financing across borders and to wider opportunities for investors.
AFIS points to differences in market rules, disclosure practices and settlement arrangements as barriers to cross-border investment and regional liquidity. It also says most equity and bond trading still takes place within national markets. Its panel will consider recognition of listings and prospectuses across jurisdictions, as well as the costs and technical demands of listing in multiple markets.
The BRVM presents its own eight-country West African market as an example of regional integration, citing shared rules, a single regulator and common settlement arrangements. It serves Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo.
The panel is scheduled to discuss these issues during the Nov. 3-4 summit. The BRVM’s announcement describes a contribution to dialogue and does not set out a common rulebook or timetable for adopting changes.
