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[SITUATION] · [QUIET] · [BUSINESS]

2 clusters · 8 sources · 3 days · First seen · Last updated

West African banking sector market expansion

Overview

Major financial institutions in West and Central Africa are expanding their regional market presence through capital increases and stock exchange listings.

In the CEMAC zone, BGFI Holding Corporation S.A. has initiated a capital increase on the BVMAC to raise 80.558 billion XAF. By issuing 1,006,975 new shares at 80,000 XAF each, the group aims to increase public ownership from approximately 3.85% to 10%. This follows a previous phase in November 2025 and is intended to strengthen equity, improve share liquidity, and support regional economic financing.

Simultaneously, in Côte d’Ivoire, Bridge Bank Groupe Côte d’Ivoire (BBGCI) is preparing for its first listing on the BRVM following a successful Public Offering of Sale (OPV). The OPV mobilized 67.5 billion FCFA with a subscription rate of 142%, aiming to diversify the bank’s shareholder base and increase transparency within regional financial markets.

Entities

BVMAC · BGFI Holding Corporation · Bridge Bank Groupe Côte d’Ivoire · BRVM · EDC Investment Corporation

Timeline

  1. 10 days ago

    [BUSINESS] 6 sources
    BGFI Holding launches 80.5 billion FCFA capital increase

    BGFI Holding Corporation is raising 80.558 billion FCFA through a second phase of capital increase to raise public ownership to 10% and strengthen its position on the BVMAC.

  2. 13 days ago

    [BUSINESS] 2 sources
    West African banks expand regional market presence via stock listings

    BGFI Holding Corporation and Bridge Bank Groupe Côte d’Ivoire are expanding their regional market presence through new stock listings and capital increases on the BVMAC and BRVM exchanges.

Sources

agpgabon.ga · alphabourse.ma · conjonctures.net · ecofinagency.com · lefinancierdafrique.com · lejecos.com · lemarche.finance · lenouvelliste.ma