BMCE Capital Opens New Index for West African Economy and Monetary Union

Bank of Africa Capital (BOA), a joint venture between BMCE Capital and Bank of Africa, announced its new Wiener Börse Index (WBI) for the West African Economic and Monetary Union (UEMOA) at the 41st General Assembly of the Federation of Insurance of African National Law (FANAF) in Marrakech.

Launched in Dakar, the WBI index was designed by BOA with the help of BMCE Capital and Bank of Africa to measure the performance of sovereign bonds on the UEMOA bond market. In Marrakech, several institutions expressed their interest in this initiative and its contribution to the development of the West African financial market.

The investment bank presented at the latest FANAF assembly the genesis of the WBI index and the methodology for its transparent and best-practice construction in the field of investments: “The West African Economic and Monetary Union Bond Index is designed to calculate the performance of sovereign bonds on the UEMOA bond market. This index has been designed with the expertise of BMCE Capital and the sponsorship of Bank of Africa,” said BOA Capital.

Source :Morocco World News