Monday, February 28, 2011

USA Africa Dialogue Series - West Afric Bourse Shuts Down In Cote d'Ivoire, Reopens In Mali

West Africa bourse to reopen Tuesday in Mali

Mon Feb 28, 2011 10:14pm GMT
* BRVM closed in Ivory Coast after troops invaded office

* Trades in 40 companies from eight West African nations

ABIDJAN Feb 28 (Reuters) - West Africa's BRVM bourse .BRVMCI will reopen on Tuesday in the Malian capital Bamako, its website said, after it was forced close up in Ivory Coast due to intimidation by forces loyal to incumbent Laurent Gbabgo.

The bourse suspended operations in Ivory Coast from Feb. 15, a week after armed pro-Gbagbo paramilitaries invaded its office.

Shares in nearly 40 companies in eight countries, including Senegalese telecoms firm Sonatel SNTS.CI, Burkina Faso's main telecoms operator Onatel ONTBF.CI, and Unilever's Ivory Coast affiliate UNCL.CI are traded on the BRVM bourse.

"Resumption of listings (will be) from March 1, 2011," a statement on the stock market's website said.

The largest company is Sonatel, which on Monday reported results for 2010, with net profits slipping as competition and a temporary tax on incoming traffic hurt margins. [IDn:LDE71R1U6]

Gbagbo's finance minister sent in security forces earlier this month on hearing a rumour the bourse's management might try to relocate -- prompting them to do just that, once they had safely removed senior staff from Ivory Coast.

West Africa's central bank has cut Gbagbo off from state accounts, recognising his rival in a bitter post-poll power struggle, Alassane Ouattara as president. The entire international banking system has also shut down. (Reporting by Tim Cocks; Editing by Leslie Adler)

No comments:

Post a Comment

Vida de bombeiro Recipes Informatica Humor Jokes Mensagens Curiosity Saude Video Games Car Blog Animals Diario das Mensagens Eletronica Rei Jesus News Noticias da TV Artesanato Esportes Noticias Atuais Games Pets Career Religion Recreation Business Education Autos Academics Style Television Programming Motosport Humor News The Games Home Downs World News Internet Car Design Entertaimment Celebrities 1001 Games Doctor Pets Net Downs World Enter Jesus Variedade Mensagensr Android Rub Letras Dialogue cosmetics Genexus Car net Só Humor Curiosity Gifs Medical Female American Health Madeira Designer PPS Divertidas Estate Travel Estate Writing Computer Matilde Ocultos Matilde futebolcomnoticias girassol lettheworldturn topdigitalnet Bem amado enjohnny produceideas foodasticos cronicasdoimaginario downloadsdegraca compactandoletras newcuriosidades blogdoarmario arrozinhoii sonasol halfbakedtaters make-it-plain amatha