West Africa’s Stock Market Hits Record $21bn Capitalisation
The Regional Stock Exchange (BRVM), based in the West African Economic and Monetary Union (WAEMU), has reached a historic market capitalisation of approximately $21.2 billion.
This achievement, announced on October 15, 2025, represents a key moment for the region’s financial landscape, reinforcing the BRVM’s growing influence in Africa’s financial ecosystem.
The stock exchange’s latest milestone underscores its impressive growth, having recorded a 29.13% increase in market capitalisation since the end of 2024.
Over the last five years, the BRVM has experienced an exceptional cumulative growth rate of nearly 198%, further highlighting the resilience and dynamism of the West African market.
With this latest surge, the BRVM now commands a market capitalisation of $23.8 billion, including both stocks and bonds, which represents about 17.78% of the total WAEMU GDP.
Key indicators, including the BRVM Composite index (BRVM-C), have continued to show solid growth, reflecting investor confidence and the attractiveness of the exchange.
The BRVM-C index has posted a 22.29% increase in 2025 alone, underscoring its status as one of Africa’s top-performing stock markets.
The BRVM’s impressive performance mirrors a broader trend across Africa, where major exchanges have also recorded substantial growth this year.
The Ghana Stock Exchange, for example, surged by 73.92%, while the Nigerian Stock Exchange saw an increase of 43.54%.
Other key markets, such as the Johannesburg Stock Exchange and the Egyptian Stock Exchange, also posted notable gains, demonstrating a continent-wide shift toward economic growth and market vitality.
As the fifth-largest stock exchange in Africa, the BRVM continues to position itself as a strategic player in the Pan-African financial landscape, with an eye toward further integration and collaboration across the continent’s financial markets.
