BRVM slips 0.12% as Ecobank CI earmarks CFA49 billion for shareholders
The BRVM Composite fell 0.12% to 401.71 points on April 15, while the BRVM Composite Total Return closed at 154.69 points, also down 0.12%. The decline was driven by discretionary consumption, down 3.89%, and industrials, off 2.35%, while telecommunications rose 0.8%. On the corporate side, Ecobank Côte d'Ivoire earmarked CFA49 billion for shareholder remuneration, according to Sika Finance. In capital markets, Dangote Petroleum could pursue a pan-African IPO that may reshape African exchanges or repeat the Ecobank misstep, 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.