BRVM rises 0.55% as financials offset a 4.66% drop in discretionary stocks
The BRVM Composite rose 0.55% to 445.31 points on June 22, while the total return index added 0.55% to 176.29 points, led by financials up 0.74% and telecoms up 0.68%. Gains were capped by discretionary consumption, which slumped 4.66% to 204.46 points, while industrials fell 0.98% and energy lost 0.19%. In banking, Alain Nkontchou became Ecobank's largest shareholder, according to Afrimag, while Ecobank Centrafrique raised its capital to $28 million and aims for the Cobac threshold, according to Agence Ecofin. Coris Bank International Chad is negotiating a $10 million IFC guarantee line, Sika Finance reported, while 4 Bank of Africa units in Benin, Senegal, Burkina Faso and Mali published capital increase notices on June 22.
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BRVM (West Africa) — Up 0.66% Through Aug. 7 as Industrials Jump 3.76% and Energy Slips
The BRVM rose 0.66% in the week through Friday, Aug. 7, 2026, led by a 3.76% jump in industrials even as energy fell 2.68%. Dividend notices and firmer commodity prices helped support the regional market.
BRVM (West Africa) — Africa Global Logistics Draws XOF 145.7m as Industrials Rebound 3.76%
Africa Global Logistics Côte d’Ivoire led turnover at XOF 145.7m and rose 1.2% as the BRVM Industrials index jumped 3.76%. The move marks a sharp reversal from recent pressure on the sector and puts logistics back at the center of the West Africa stock market.
BRVM rises 0.66% as Ecobank posts 15% H1 revenue growth
The BRVM Composite rose 0.66% to 485.48 points, led by industrials up 3.76%, while energy fell 2.68% to 158.91 points. Telecommunications gained 1.32% to 113.38 points and utilities added 1.47% to 223.01 points, as the BRVM-30 advanced 0.79% to 231.22 points. Ecobank sustained solid momentum in the first half of 2026, with revenue up 15% to $1.3 billion and pre-tax profit reaching $423 million, according to leFaso.net and based on the July 31 earnings-call transcript reported by Zonebourse. On income stocks, SITAB remained in focus ahead of a net dividend of CFA1,707.2 with an ex-date of August 12, 2026, while Sika Finance on July 31 questioned whether the stock still offers a credible yield case.