BRVM slips 0.58% as Ecobank CI sets aside CFA49 bln for shareholder pay
The BRVM Composite fell 0.58% to 404.04 points on April 13, while the BRVM-30 lost 0.74% to 190.27 and the Composite Total Return dropped 0.58% to 155.59. The decline was led by utilities, down 1.40%, financials, off 1.10%, and energy, lower by 1.09%, while consumer staples rose 0.84% and industrials gained 0.58%. Against that backdrop, Ecobank Côte d'Ivoire set aside CFA49 billion for shareholder remuneration, according to Sika Finance. Separately, Dangote Petroleum could pursue a pan-African IPO that may reshape regional markets or repeat the Ecobank mistake, Financial Afrik reported.
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BRVM (West Africa) — 1,740 XOF Dividend and BOA Capital Raises Split the Market
In the week through Friday, May 1, 2026, the BRVM gained 0.14% on a total return basis, led by telecoms and utilities. Dividend notices, including SONATEL’s 1,740 XOF payout, and BOA capital raises reshaped trading flows.
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Ecobank leads a flat BRVM as utilities jump 3.68%
The BRVM Composite was flat at 403.38 points and the Total Return index edged up 0.01% to 155.51, while the BRVM Principal rose 1.22% to 283.6 and the BRVM-30 fell 0.43% to 189.49. Trading showed a sharp sector split, with utilities up 3.68% to 147.82 and consumer staples gaining 2.46% to 265.66, against a 2.41% drop in consumer discretionary to 189.45 and a 0.99% decline in telecommunications to 101.47. On the corporate front, Ecobank Côte d’Ivoire approved record 2025 results and outlined its 2026 ambitions, according to Afrimag, while Ecobank Transnational Incorporated released its first-quarter 2026 results, according to Zonebourse. Separately, Ecobank Group plans to raise $500 million to refinance debt, Dabafinance reported, while Ecobank Côte d’Ivoire, BNI, Bank of Africa Côte d’Ivoire and Coris Bank International Côte d’Ivoire mobilised 200 billion CFA francs to support PETROCI Holding on Baleine Phase 2, according to FratMat.