
BRVM slips 0.25% as Ecobank CI posts an 8.6% drop in first-half net profit
The BRVM Composite Total Return fell 0.25% to 220.71 points on Sept. 17, while the BRVM Composite lost 0.27% to 548.07 and the BRVM-30 dropped 0.41% to 265.31. Losses were led by energy, down 2.04%, industrials, off 2.01%, and utilities, down 1.53%, while consumer staples rose 1.86% to 277.42 points. On the corporate front, Ecobank CI reported an 8.6% decline in net profit at end-June 2026 as cost of risk jumped, according to Agence Ecofin. At the same time, Ecobank CI posted what Sika Finance described as resilient growth, with total assets exceeding 2 trillion CFA francs in the first half of 2026, while Afrimag reported the appointment of Nvalaye Kourouma to lead Consumer & Commercial Banking for Ivory Coast and WAEMU. Financial Afrik added that Ecobank Benin was named WAEMU's best Treasury Securities Specialist for 2024.
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BRVM slips 0.28% as energy jumps 2.22% and Sonatel stays in focus
The BRVM Composite fell 0.28% to 543.91 points and the BRVM Composite Total Return lost 0.28% to 219.12 points, while the BRVM-30 slipped 0.36% to 263.20 points. Losses were led by discretionary consumption, down 1.09%, financial services, off 0.71%, and utilities, down 0.60%, while energy rose 2.22% and industrials gained 0.48%. Sonatel stayed in focus after the Oct. 8 extraordinary meeting on its share split, with the changes outlined on Oct. 9, according to Financial Afrik. In banking, several capital increase notices concerned Bank of Africa BF, BN, ML and SN on Oct. 13, while Ecobank reiterated a $2.6 billion commitment to support women entrepreneurship and agribusiness in Africa, according to L'economiste du faso and Capmad.
SONATEL SN issues communiqué