Fitch Ratings Upgrades Ecobank's Outlook to Positive

BRVM ends up 0.12% as utilities jump 3.07%

The BRVM Composite rose 0.12% to 406.25 points and the BRVM Composite Total Return added 0.12% to 156.85, while the BRVM-30 gained 0.31% to 192.16. Gains were led by utilities, up 3.07% to 154.57, and energy, up 2.47% to 142.72, while staples fell 1.41% to 258.74 and telecommunications slipped 0.34% to 102.85. ORAGROUP rebounded after several sessions of declines, according to Sika Finance, after publishing first-quarter results to March 31, 2026 and a financial rating on May 5, according to Zonebourse Suisse. In banking, Ecobank Cameroun raised its 2025 dividend to 24.5 billion CFA francs, according to Investir au Cameroun, while Ecobank Togo reported a 9.5% drop in 2025 net profit despite strong commercial growth, Togo First reported. Analyst notes dated May 12 also flagged capital increases for BANK OF AFRICA BF, BN, ML and SN, alongside a reminder of the May 14, 2026 public holiday.

BRVM rises 0.29% as energy offsets sharp declines in utilities

The BRVM Composite rose 0.29% to 405.75 points, while the BRVM Composite Total Return gained 0.29% to 156.66 and the BRVM-30 added 0.11% to 191.57. Gains were driven by energy, up 1.84% to 139.28 points, and consumer staples, up 1.04% to 262.43, while utilities fell 2.71% to 149.96 and industrials dropped 2.07% to 180.14. On the corporate front, Ecobank Cameroun raised its 2025 dividend to CFA24.5 billion, according to Investir au Cameroun, while Ecobank Togo reported a 9.5% decline in 2025 net profit despite strong commercial growth, according to Togo First. SITAB posted 2025 profit of CFA36 billion, down 18% year on year, according to Sika Finance, while Oragroup SA released results for the first quarter ended March 31, 2026, reported Zonebourse Suisse.

BRVM (West Africa) — 10 Announcements in 5 Days as Financials Offset a 1.86% Industrial Slide

The BRVM ended the week up 0.28%, with financials rising 1.03% while industrials fell 1.86%. Bank of Africa capital increases and Sonatel’s 1,740 XOF dividend dominated an active Abidjan market.