The African Development Bank has signed a grant agreement of $400 000 with the West African Monetary Union to modernise the regional financial market infrastructure.The grant will fund the creation of a digital platform to automate securities issuance and reduce the holding period preceding subscription allocation. It is expected to facilitate access to securities issuance information and data for market stakeholders and allow them to have reliable real-time information on securities issuance.The implementation of this project to digitise securities issuance on the market is expected to facilitate access for investors, especially retail investors, to West African products through an automated, transparent and secure subscription mechanism.
