BRVM slips 0.4% as energy drops 2.9% despite Sonatel strength
The BRVM Composite fell 0.4% to 400.91 points on April 22, while the BRVM Composite Total Return lost 0.29% to 154.55 and the BRVM Principal dropped 1.12% to 277.19. The decline was led by energy, down 2.9% to 134.48, alongside financials, off 0.81% at 175.85, and industrials, down 0.85% to 190.94. In contrast, telecommunications rose 0.29% to 101.97 after Sonatel posted 7% growth in consolidated first-quarter 2026 revenue, while the group reported profit of 114 billion CFA francs, according to Financial Afrik and Sika Finance. At the same time, Ecobank wants to raise $500 million and test the eurobond market, which La Tribune said remains selective toward Africa.
Related stories
BRVM rises 1.42% as telecoms and financials offset industrial slump
The BRVM Composite rose 1.42% to 470.48 points and the BRVM-30 gained 2.05% to 222.2 points, lifted by telecommunications at 110.94 points (+3.01%) and financial services at 222.86 points (+2.36%). The advance masked sharp declines in industrials at 203.72 points (-4.95%), energy at 166.45 points (-3.55%) and utilities at 232.53 points (-2.58%). On the corporate front, Ecobank confirmed a 50 FCFA revaluation, according to Sika Finance, while GCR upgraded Sonatel’s long-term rating, reports Leral.net. In banking, Coris Bank International created a Cameroon unit with 26 billion FCFA and is still awaiting regulatory approval, according to Africtelegraph and Financial Afrik, after inaugurating a new headquarters in Burkina Faso worth more than 19 billion FCFA, Sika Finance reported.
AFINHAB (Ex-CRRH-UEMOA) announces name change
FILTISAC CI issues announcement