The BRVM’s 5 Best Stocks of 2013

The BRVM's home base, Abidjan

Investors at the Bourse Régionale des Valeurs Mobilières reaped the peace dividend in 2013.

Less than two years after the end of its second civil war, stability has returned to Cote d’Ivoire. And Ivorian companies, which dominate the BRVM’s main index, propelled the Abidjan-based market to a 46% return in US dollar terms.

Here’s a countdown of the top performers.

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Stock Tips for a Senegalese-American Hip Hop Star

Photo by Abdulmajeed Almutawee

Akon,

Your success as a singer, songwriter, and producer is nothing short of remarkable. I’m sure you never dreamed while a boy in Dakar, Senegal that one day your music would dominate record charts, or that you would perform with the likes of Michael Jackson, or earn an eight-figure income. You’ve been ranked among the most powerful celebrities in the world, and I’m sure your upcoming album will add to your long list of achievements.

True, your success wasn’t overnight or without controversy. But you seem to sincerely want to give back and do good in the world.

Moreover, you’re serious about investing in the continent that you call home. You write about it in songs. You talk about it in interviews. You even own a South African diamond mine.

Could we talk a little bit about that last one?

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How to Invest on the Ivory Coast’s Regional Stock Exchange

Plateau commune

Financial commentators frequently describe investing on frontier stock markets as “adventure capitalism.”

This is a particularly fitting characterization of the Ivory Coast-based Bourse Régionale des Valeurs Mobilières (BRVM). Few stock exchanges, after all, need to pack up and temporarily relocate to a neighboring country to avoid running street battles like the BRVM did last year.

But if “Danger” is your middle name this market may prove worth the risk.

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