Ecobank's Stock Reaches Highest Level in Ten Years at BRVM Due to Dividend Return

BRVM (West Africa) — Telecoms Jump 5.63% as Dividends Lift Total Return 2.20%

The BRVM ended the week of August 17-21, 2026 with a 2.20% total return gain, driven by telecoms up 5.63% and a fresh wave of dividend announcements. Banks dominated turnover, while market breadth stayed mixed at 11 gainers versus 15 losers.

BRVM rises 0.75%, lifted by Sonatel and utilities up 3.94%

The BRVM Composite rose 0.75% to 519.59 points on Aug. 20, while the BRVM Composite Total Return reached 208.11 points, also up 0.75%. Utilities led the market with a 3.94% gain to 293.79 points, ahead of energy at 174.87 points (+2.79%) and telecommunications at 128.72 points (+1.59%). The advance extended the move flagged by Sika Finance on Aug. 19, which said Sonatel generated CFA190 billion and pushed the market to a new high. On the corporate front, Sika Finance said SITAB posted stable first-half 2026 profit of CFA18 billion, while Financial Afrik reported ETI cut its board to 12 members and removed directors' term limits.

BRVM rises 1.7% as Sonatel and utilities lift market to fresh high

BRVM Composite Total Return rose 1.7% to 206.56 points on Aug. 19, while the BRVM Composite gained 1.69% to 515.72 and the BRVM-30 added 1.95% to 247.63. The move was led by utilities, up 6.08% to 282.66, and telecommunications, up 4.28% to 126.71, as Sika Finance reported Sonatel generated 190 billion CFA francs and pushed the market to a fresh high. Energy fell 1.18% to 170.13, while financial services slipped 0.05% to 243.36. On the corporate side, Financial Afrik said Ecobank Transnational Incorporated cut its board to 12 members from 15 and removed directors' term limits, while Sika Finance reported SITAB posted stable first-half 2026 profit of 18 billion CFA francs.