
Sonatel leads headlines as BRVM Composite slips 0.23%
The BRVM Composite fell 0.23% to 482.71 points on July 28, while the BRVM Composite Total Return lost 0.23% to 191.75 points and the BRVM-30 dropped 0.39% to 229.74 points. The decline was led by financial services, down 0.84% to 234.93 points, while utilities rose 2.44% to 234.58 points and the telecommunications index was flat at 111.9 points. Sonatel dominated headlines with first-half profit of CFA230 billion, according to Sika Finance, after crossing CFA1 trillion in revenue, according to Xalima and Zonebourse Suisse. The group is also targeting 1 million fiber-eligible customers in Touba by end-2026, socialnetlink.org reported.
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Ecobank posts CFA167 billion as BRVM Composite slips 0.1%
The BRVM Composite fell 0.1% to 482.21 on July 29, while the BRVM-30 lost 0.2% to 229.27 and the Total Return index edged up 0.06% to 191.87. Financial services slipped 0.19% to 234.48 as Ecobank reported net profit of CFA167 billion at end-June, held back by risk costs, according to Sika Finance. Ecobank posted double-digit growth in the first half of 2026, but Nigerian risk costs eroded earnings, according to Agence Ecofin. Financial Afrik reported that the group's first-half 2026 growth remained solid, with results still below potential.
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