African Partners Directory

Welcome to the African Partners Directory. Search for specific Stakeholders or browse the Thematics-List.


The WAEMU Brokers Association (APSGI/UEMOA)

est. 1998


The Association Professionnelle des Sociétés de Gestion et d'Intermédiation de l'UEMOA (APSGI/UEMOA) is the professional association of brokerage firms operating on the West African Economic and Monetary Union regional stock exchange (BRVM). It was established in 1998, under the general operating rules of the BRVM issued by the regulator, the Conseil Régional de l’Epargne Publique et des Marchés Financiers (CREPMF). APSGI/UEMOA participates in several activities, which aim to encourage regional and non-regional citizens to participate actively in the region’s financial markets. All stockbrokers become members of APSGI once they are approved and licensed by CREPMF.

There are currently 21 member firms, which have the exclusive right to intermediate between investors and companies seeking to raise capital on the regional stock exchange (BRVM, Bourse Régionale des Valeurs Mobilières). APSGI/UEMOA represents and defends the interests of the brokers institutions vis-a-vis financial markets authorities. Its members play an increasingly important role in the West African economy by helping to set up funds for the public and private sector and by helping private investors and institutions to invest on the BRVM with confidence.


APSGI/UEMOA aims to promote member interests and the integrity, competitiveness and efficiency of the regional financial markets. APSGI is also consulted on regulatory issues related to the financial markets in particular and economic activities in the WAEMU in general. One of its main priorities is to protect investors through the Savers Protection Fund, launched in 2013.

APSGI/UEMOA is committed to the following activities:

  • To represent broker institutions vis-a-vis regional financial markets authorities, public authorities, professional organizations and more generally to all partners and operators of the regional WAEMU financial markets
  • To propose policy measures likely to improve the functioning of the regional financial markets
  • To participate in the elaboration of rules governing the market (access conditions, code of conduct, disciplinary measures)
  • To create and maintain useful and regular relations between members so as to prevent or reconcile all possible disputes likely to occur
  • To manage the Savers Protection Fund
  • To develop actions to promote an increase in stock exchange activity