The Official Launch of the West African Capital Markets Integration (Phase II) Project
The West African Capital Market Integration Council (WACMIC)
The West African Capital Market Integration Council (WACMIC) comprises the Heads of the Stock Exchanges in the UEMOA Zone, Cabo Verde, Ghana, Nigeria and Sierra Leone. Morocco is an Associate Member while Guinea, The Gambia and Liberia are observers.
The objective of the WACMIC which was established in 2013 was to spearhead the integration of capital markets in the region. The Council adopted a three-phased approach to capital market integration; namely: Sponsored Access (Phase 1), Qualified West African Broker (QWAB) (Phase 2) and Fully Integrated West African Securities Market (WASM) (Phase 3).
The Official Launch of the West African Capital Markets Integration (Phase II) Project