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WEEKLY NEWSLETTER
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Ivory Coast
Index
The Abidjan Stock Exchange (Bourse de Valeurs
d'Abidjan), one
of only four in Africa, was created in 1976 to encourage
domestic
investment and to provide Ivoirian industries with access
to the
international financial market. It was only partially
successful.
Of an estimated 700 companies in Côte d'Ivoire, the shares
of only
25 were quoted on the exchange. Most investors in the
quoted
companies were foreign residents or businesses; in 1986
Ivoirians
owned only 30 percent of the shares. Trading activity
tended to be
sluggish, particularly during the protracted recession in
the early
1980s. For example, the value of shares traded fell from
CFA F830
million in 1982 to CFA F400 million in 1984.
Data as of November 1988
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