BRVM falls 1.06% as financials weigh despite Sonatel support
The BRVM Composite fell 1.06% to 473.48 points on July 20, while the BRVM Composite Total Return lost 1.06% to 187.97 points and the BRVM-30 slipped 1.08% to 225.24 points. The decline was driven by financials, whose index dropped 2.07% to 225.78 points, while the main board lost 2.06% to 355.38 points, despite a 2.74% rise in discretionary consumption to 202.18 points and a 1.30% gain in utilities to 228.47 points. Sonatel still featured prominently in the news flow after GCR raised its credit rating to the region’s highest level, according to Dabafinance, while Capmad reported moves to strengthen the Gandoul teleport against Starlink and Kuiper and We are Tech reported Max it’s connection to Dakar’s bus rapid transit network. In financials, Ecobank drew several headlines with a 15 million euro trade-finance line opened by the EBRD via Ecobank in Senegal, according to Capmad, its position as the first Senegalese bank financed by the EBRD, according to Agence Ecofin, and the launch of prepaid Visa cards in Niger with NITA, according to Agence Ecofin.
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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.