African Development Bank Supports Digital Platform for Public Offerings in Côte d'Ivoire

Strategic Insights -

The African Development Bank, through its Capital Markets Development Trust Fund, has supported the establishment of a digital platform for public offerings in Côte d'Ivoire. The platform, called DIGIAPE, is expected to reduce settlement times and enable real-time allocation of securities at close, creating a more attractive environment for international investors.

Key Takeaways:

  • The African Development Bank is providing $400,000 through the Capital Markets Development Trust Fund for technical support to support the design, installation, and operationalization of the DIGIAPE platform.
  • DIGIAPE will automate primary market subscriptions in the West African Monetary Union's regional financial market, enhancing both the transparency and reliability of securities allocations.
  • The platform will boost competitiveness through real-time allocation of securities at the close of trading, making it more attractive for international investors.
  • The African Development Bank has committed more than two billion euros to the financial sector in the West African Economic and Monetary Union (UEMOA) zone, through its various instruments, since 2014.
  • The Capital Markets Development Trust Fund was created in 2019 to contribute to the integration and competitiveness of African capital markets by supporting strategic reforms, strengthening market infrastructure, and broadening investor bases.
  • The Central Depositary/Settlement Bank is a specialized UMOA financial institution based in Abidjan, Côte d'Ivoire, which centralizes the custody of securities for its members, manages settlement/delivery operations, and makes payment for securities events.

Statistics:

  • $400,000: The amount provided by the African Development Bank through the Capital Markets Development Trust Fund for technical support.
  • 2 billion euros: The amount committed by the African Development Bank to the financial sector in the West African Economic and Monetary Union (UEMOA) zone, through its various instruments, since 2014.
  • Since 2014: The period over which the African Development Bank has made commitments to the financial sector in the UEMOA zone.
  • 2019: The year the Capital Markets Development Trust Fund was created.

Sources:

  • "The African Development Bank supports the launch of a digital platform for public offerings in the West African Monetary Union" (African Development Bank Group)
  • "Cote d'Ivoire: The African Development Bank's Capital Markets Development Trust Fund (CMDTF) supports establishment of digital platform for public offerings" (M2 COMMS)
  • "About the African Development Bank Group" (African Development Bank Group)
  • "M2 PressWIRE - July 22, 2025" (M2 COMMS)