Tag: Burkina Faso

  • 2024 Outlook: A Year Of Elections In Africa

    2024 Outlook: A Year Of Elections In Africa

    More than a third of 50 countries expected to hold elections this year are in Africa. 

    Burkina Faso’s military interim President Ibrahim Traore. The coup-hit country, along with Mali and Chad are expected to vote this year if the junta leaders in those countries stay true to their word.

    This year will be a record-breaking one for elections. 

    Globally, more than 2 billion voters in 50 countries will head to the polls, according to The Center for American Progress, a US policy institute.

    The United States, India, and Mexico are among the countries holding national elections in 2024.

    More than a third of those countries – with over 300 million people – are in Africa

    The most anticipated elections in Africa will take place in the continent’s most industrialized economy and a major West African nation.

    Those votes — in South Africa and Senegal — are among 19 polls scheduled in Africa this year, also over a third of the continent.

    The list also includes coup-hit Mali, Chad, and Burkina Faso – if the junta leaders in those countries stay true to their word. 

    We provide a quick rundown of the countries below and what’s at stake in some.

    1. Senegal

    Senegal, a nation on the westernmost tip of Africa, boasts a population of 18 million people. The upcoming presidential election, scheduled for February 25, is generating significant attention both domestically and internationally.

    President Macky Sall, who secured his initial election victory in 2012, addressed the nation in his New Year’s speech, emphasizing the need for peaceful elections in the wake of a turbulent year marked by political violence.

    The preceding year witnessed fervent opposition protests, with Ziguinchor mayor Ousmane Sonko facing legal challenges that resulted in his imprisonment in July. 

    Despite authorities’ attempts to thwart Sonko’s candidacy by banning a formal declaration ceremony, he and his supporters managed to host an online event on Facebook on December 31. 

    International observers and African political analysts express concerns, noting that Senegal, once regarded as a bastion of stability in West Africa, appears to be navigating a precarious path for its democratic future.

    Senegal’s presidential election, scheduled for February 25, is generating significant attention both domestically and internationally. Image credit: France24

    2. Mali

    With a population of 23.6 million, Mali is poised for a presidential election expected in February. The country underwent a military coup in 2021, leading to the establishment of a military government committed to transitioning power back to civilian rule. However, repeated delays in scheduling presidential elections have raised eyebrows.

    Initially set for February 4 and 18, the polls faced setbacks, attributed to technical issues and a dispute with Idemia, a French company responsible for biometric passports and civil registry databases. In June, voters approved a new constitution, a prerequisite for conducting elections. Nonetheless, concerns linger among the opposition and civil society, fearing the potential entrenchment of military influence through the new constitution.

    3. South Africa

    Celebrating 30 years of democracy, South Africa, with a population of 60.7 million, is gearing up for parliamentary elections expected between May and August. The 2024 elections could mark a significant turning point, as the African National Congress (ANC), the party of Nelson Mandela, faces the risk of losing a national vote for the first time since the end of apartheid.

    The ANC’s vulnerabilities include economic challenges, high unemployment, unfulfilled infrastructure promises, widening inequality, and accusations of corruption. The political landscape is becoming more competitive, signaling a potential shift in the country’s political dynamics.

    4. Rwanda

    Rwanda, with a population of 14.3 million, is set to hold presidential and parliamentary elections on July 15. Incumbent President Paul Kagame, in power for three decades, seeks to extend his tenure.

    The electoral campaign window spans from June 22 to July 12, but Kagame, historically reelected with over 90% of the vote, faces minimal competition. Green Party leader Frank Habineza is the sole known challenger as of now.

    President Paul Kagame of Rwanda. Image credit: Vanguard News

    5. Chad

    With a population of 18.6 million, Chad is anticipating a presidential election in October. Following a recent constitutional referendum in mid-December, transitional leader Mahamat Idriss Déby Itno appointed Success Masra, a former opposition leader, as prime minister to organize the upcoming elections.

    Originally pledging an 18-month transition to elections, Déby’s government extended the timeline to 2024, enabling him to run for president. Opposition groups had called for a boycott of the referendum, citing concerns about the junta’s influence over the process.

    6. Tunisia

    Tunisia, home to 12.5 million people, is expected to hold presidential elections in October. Incumbent President Kais Saeid, elected in 2021, has increased his powers and is a declared candidate for reelection. Local elections in January, including the selection of a newly created Regional Council, will serve as a test for the opposition, which claims marginalization by the regime.

    While Saeid is anticipated to secure victory, a growing economic crisis, marked by inflation and unemployment, poses a significant challenge to his campaign for a potential second term.

    7. Ghana

    Ghana, with a population of 34.4 million, is gearing up for both presidential and parliamentary elections on December 7.

    Incumbent President Nana Akufo-Addo, completing two terms, steps down, and the ruling New Patriotic Party seeks an unprecedented third consecutive stint in power.

    Vice-President Mahamudu Bawumia secured the ruling party’s presidential nomination, setting the stage for a face-off with the opposition’s National Democratic Congress candidate, ex-president John Dramani Mahama.

    Economic challenges, including a substantial debt load, exacerbate the uncertainty surrounding the elections.

    In Ghana, incumbent President Nana Akufo-Addo, completing two terms, steps down as economic challenges, including a substantial debt load, exacerbate the uncertainty surrounding the elections. Image credit: Vatican News

    8. Algeria

    Algeria, boasting a population of 46 million, is expecting presidential elections in December. Abdelmadjid Tebboune, in power for four years, succeeded Abdelaziz Bouteflika, ousted in April 2019 amid protests against his bid for a fifth term. The 2019 vote, linked to Bouteflika, faced widespread boycotts.

    The Hirak movement, instrumental in Bouteflika’s ousting, has waned since the COVID-19 period. Despite this, Algeria exhibits a growth rate of 4.2%, substantial foreign exchange reserves, and impressive non-hydrocarbon exports, challenging the broader African trend.

    9. Comoros

    With a population of 860,000, Comoros is preparing for a presidential election on January 14.

    10. Togo

    Anticipating parliamentary elections in early 2024, Togo, with a population of 9.2 million, is poised for a political transition.

    11. Mauritania

    Mauritania, home to 4.9 million people, is set to hold presidential elections on June 22. The electoral process will play a crucial role in shaping the country’s political landscape.

    Togolese elections are expected to be held in early 2024. Image credit: EWN

    12. Mozambique

    Mozambique, with a population of 34.4 million, is scheduled for both the presidential and Assembly of the Republic elections on October 9. The electoral outcome will influence the nation’s governance and policy direction.

    13. Botswana

    Botswana, with a population of 2.7 million, expects parliamentary elections in October. The political landscape in this stable Southern African nation is poised for potential shifts.

    14. South Sudan

    South Sudan, home to 11.2 million people, anticipates both presidential and parliamentary elections in December. The elections come amid challenges, including economic turmoil and the broader impact of the global pandemic and the Russia-Ukraine war.

    15. Madagascar

    Madagascar, with a population of 30.7 million, is preparing for parliamentary elections expected in May. The political dynamics in this Indian Ocean island nation will undergo scrutiny during this electoral process.

    A person holds a sign with a picture of Captain Ibrahim Traore while attending a rally by supporters of Burkina Faso’s junta to mark the one-year anniversary of the coup that brought Traore to power in Ouagadougou, Burkina Faso. Image credit: REUTERS/ Yempabou Ouoba

    Dates to be Announced:

    16. Burkina Faso

    With a population of 22 million, Burkina Faso has been under the rule of a junta led by Captain Ibrahim Traore since 2022. The junta promises a return to democracy with presidential elections tentatively set for July 2024. However, increasing jihadist attacks may challenge the timeline, raising uncertainties about the polls.

    17. Mauritius

    Mauritius, with a population of 1.3 million, is set for parliamentary elections. The political landscape of this Indian Ocean island nation is likely to witness changes through this electoral process.

    18. Namibia

    Namibia, with a population of 2.6 million, anticipates both presidential and parliamentary elections. The electoral outcome will influence the governance and policies of this Southern African nation.

    19. Guinea Bissau

    With a population of 2.2 million, Guinea Bissau is gearing up for a presidential election. The political developments in this West African nation will be closely monitored both regionally and internationally.

    Despite political instability in some of Africa’s regions, the continent will be the second-fastest growing major region in 2024 after Asia according to the Economist Intelligence Unit.

    In addition, seven out of the top 10 fastest-growing economies globally this year, as predicted by the IMF, are in Africa.

  • Qui remportera la CAN 2023 ? Un modèle d’intelligence artificielle fait des prédictions

    Qui remportera la CAN 2023 ? Un modèle d’intelligence artificielle fait des prédictions

    La Coupe d’Afrique des Nations (CAN) 2023 débute ce samedi avec la Côte d’Ivoire en tant que pays hôte face à la Guinée-Bissau.

    Malgré le fait que le tournoi soit officiellement désigné comme les finales de 2023, il se déroule en 2024.

    Les champions en titre, le Sénégal, entrent dans la compétition en tant que favoris, cherchant à devenir la quatrième équipe à remporter consécutivement la CAN, un exploit réalisé pour la dernière fois par l’Égypte de 2006 à 2010.

    Pour analyser les potentiels vainqueurs, BBC Sport et Opta utilisent un modèle de prédiction basé sur l’intelligence artificielle.

    Sadio Mané tient le trophée de la CAN après que le Sénégal soit sorti victorieux lors de la dernière édition du tournoi. Crédit image : Eurosport

    Ce modèle examine la probabilité des résultats des matchs – victoire, match nul ou défaite – en incorporant les cotes du marché des paris et les classements des équipes d’Opta, basés sur les performances historiques et récentes.

    Il prend également en compte la force de l’adversaire et la difficulté du parcours jusqu’à la finale, en tenant compte de la composition des groupes et des éventuels affrontements en phase éliminatoire.

    Selon le modèle de prédiction, le Sénégal émerge en tant que favori avec une probabilité de 12,8 % de remporter le trophée.

    La Côte d’Ivoire suit de près avec une probabilité de 12,1 %, cherchant à remporter leur troisième titre de la CAN après leurs victoires en 1992 et 2015.

    L’Égypte, pays hôte en 2006, reste le dernier pays hôte à avoir remporté le tournoi.

    Le Maroc, cherchant son deuxième titre de la CAN depuis 1976, et l’Algérie complètent le top cinq avec des probabilités de 11,1 % et 9,7 %, respectivement.

    L’Égypte, sept fois championne de la CAN, vise la rédemption après leur défaite déchirante face au Sénégal en finale en 2021.

    Mohamed Salah, qui a connu la défaite en finale en 2017, est impatient de remporter son premier titre de la Coupe d’Afrique des Nations.

    Le modèle de prédiction donne à l’Égypte une probabilité de 16 % d’atteindre une autre finale cette année, marquant un éventuel retour depuis leur dernier triomphe en 2010.

    Les sept meilleures équipes selon le modèle de prédiction comprennent également le Nigeria et le Cameroun, tous deux des poids lourds du football africain.

    Le Nigeria, trois fois champion de la CAN (1980, 1994 et 2013), a une probabilité de 8,1 % de remporter le trophée, avec Victor Osimhen, le Joueur de l’Année africain 2023, se démarquant comme un buteur redoutable.

    Le Cameroun, cinq fois champion (1984, 1988, 2000, 2002 et 2017), a une probabilité de réussite de 7,5 %.

    La performance impressionnante d’Osimhen lors des qualifications, où il a marqué 10 buts pour le Nigeria, met en avant la puissance de marquage des Super Eagles, avec 22 buts au total, soit sept de plus que toute autre équipe.

    L’équilibre entre les réalisations historiques, les performances récentes des équipes et les contributions individuelles des joueurs façonne les prédictions, faisant de la CAN 2023 une perspective passionnante pour les fans et les passionnés de football.

    En conclusion, alors que la Coupe d’Afrique des Nations 2023 se déroule en 2024, la compétition est sur le point de livrer des moments palpitants.

    Le modèle de prédiction basé sur l’intelligence artificielle suggère que le Sénégal, la Côte d’Ivoire et l’Égypte sont les principaux prétendants, tandis que le Nigeria et le Cameroun, avec leur riche histoire du football, ajoutent une couche supplémentaire d’excitation au tournoi.

    Le terrain est prêt pour une bataille intense alors que ces équipes luttent pour le titre prestigieux du football africain.

    Divulgation : Ce blog a été sourcé à partir de Opta Analyst et régénéré à l’aide de l’IA.

  • Who Will Win Afcon 2023? An AI Model Predicts

    Who Will Win Afcon 2023? An AI Model Predicts

    The 2023 Africa Cup of Nations (Afcon) kicks off this Saturday with Ivory Coast hosting Guinea-Bissau. 

    Despite the tournament being officially labeled as the 2023 finals, they are taking place in 2024. 

    The reigning champions, Senegal, enter the competition as favorites, seeking to become the fourth team to win consecutive Afcons, a feat last achieved by Egypt from 2006 to 2010.

    BBC Sport and Opta utilize an artificial intelligence prediction model to analyze the potential winners. 

    Sadio Mane holds the AFCON trophy after Senegal emerged victorious in the last edition of the tournament. Image credit: Eurosport

    This model examines the probability of match outcomes—win, draw, or loss—by incorporating betting market odds and Opta’s team rankings, which are based on historical and recent performances. 

    It also considers opponent strength and the difficulty of the path to the final, factoring in group compositions and potential knockout stage match-ups.

    Senegal emerges as the front-runner with a 12.8% chance of lifting the trophy. 

    Ivory Coast closely follows with a 12.1% probability, aiming for their third Afcon title after victories in 1992 and 2015. 

    Egypt, the host nation in 2006, remains the last host to win the tournament. 

    Morocco, seeking their second Afcon title since 1976, and Algeria round off the top five contenders with 11.1% and 9.7% chances, respectively.

    Egypt, a seven-time Afcon champion, eyes redemption after their heartbreaking loss to Senegal in the 2021 final. 

    Mohamed Salah, who experienced defeat in the 2017 final, is eager to secure his first Africa Cup of Nations title. 

    The prediction model gives Egypt a 16% chance of reaching another final this year, marking a potential comeback since their last triumph in 2010.

    The top seven teams in the predictor model include Nigeria and Cameroon, both heavyweights in African football. 

    Nigeria, three-time Afcon winners (1980, 1994, and 2013), have an 8.1% chance of lifting the trophy, with Victor Osimhen, the 2023 African Footballer of the Year, standing out as a potent goalscorer. 

    Cameroon, five-time champions (1984, 1988, 2000, 2002, and 2017), hold a 7.5% chance of success.

    Osimhen’s impressive performance in the qualifiers, where he scored 10 goals for Nigeria, emphasizes the Super Eagles’ goal-scoring prowess, with 22 overall goals, seven more than any other side. 

    The balance between historical achievements, recent team performances, and individual player contributions shapes the predictions, making the 2023 Afcon an exciting prospect for fans and football enthusiasts alike.

    In conclusion, as the 2023 Africa Cup of Nations unfolds in 2024, the competition is poised to deliver thrilling moments. 

    The AI prediction model suggests Senegal, Ivory Coast, and Egypt as the primary contenders. Nigeria and Cameroon, with their rich footballing history, add an extra layer of excitement to the tournament. 

    The stage is set for an intense battle as these teams vie for the prestigious title in African football.

    Disclosure: This blog was sourced from Opta Analyst and re-generated using AI.

  • Récapitulatif 2023 : Meilleures performances des actions sur la BRVM

    Récapitulatif 2023 : Meilleures performances des actions sur la BRVM

    La Bourse Régionale des Valeurs Mobilières (BRVM) est la bourse régionale des États membres de l’Union Économique et Monétaire Ouest-Africaine (UEMOA) : Bénin, Burkina Faso, Côte d’Ivoire, Guinée-Bissau, Mali, Niger, Sénégal et Togo.

    La bourse est située à Abidjan, en Côte d’Ivoire, mais elle dispose de bureaux de marché dans chacun des pays affiliés.

    Au cours d’une année impressionnante pour le marché boursier, jusqu’à huit actions ont enregistré des gains à deux chiffres en 2023, tandis que la capitalisation boursière a dépassé pour la première fois les 8 billions de XOF (environ 13 milliards de dollars) en septembre.

    Dans le cadre de notre série de récapitulatifs 2023, nous présentons un aperçu des actions les mieux performantes sur la bourse régionale, ainsi que des entreprises qui les sous-tendent, classées par appréciation du cours de l’action.

    Daba Finance Invest Africa 2023 Recap

    1. Bank of Africa (Côte d’Ivoire) – +86,4%

    Bank of Africa Côte d’Ivoire SA est une banque basée en Afrique, située à Abidjan, en Côte d’Ivoire. Elle propose des produits et services financiers et d’assurance à des clients tels que des professionnels, des particuliers, des étudiants et des communautés locales.

    Bank of Africa – Côte d’Ivoire est cotée à la BRVM sous le symbole “BOAC”. Son cours actuel est de 6 750 XOF, ayant augmenté de plus de 80 % au cours de la dernière année.

    Bank of Africa – Côte d’Ivoire est actuellement la 15e action la plus précieuse de la BRVM, avec une capitalisation boursière de 135 milliards de XOF, soit environ 1,71 % du marché boursier de la BRVM.

    C’est la 16e action la plus échangée à la Bourse de la BRVM au cours des trois derniers mois.

    2. Société Multinationale de Bitumes (Côte d’Ivoire) – +54,69%

    Société Multinationale de Bitumes (SMB) SA est spécialisée dans le raffinage du pétrole brut pour la production et la commercialisation de bitume routier et de sous-produits.

    SMB est cotée à la BRVM sous le symbole “SMBC”. Elle est actuellement la 22e action la plus précieuse de la bourse, avec une capitalisation boursière de 81,1 milliards de XOF, soit environ 1,02 % du marché des actions.

    Le cours actuel de SMB Côte d’Ivoire est de 10 400 XOF. Il a augmenté de plus de 54 % l’année dernière et est la 31e action la plus échangée au cours des trois derniers mois.

    3. Alios Finance (Côte d’Ivoire) – +47,2%

    Alios Finance Safca SA, anciennement Société Africaine de Crédit Automobile (SAFCA) SA, propose des services financiers, y compris le financement de voitures, d’équipements agricoles ou commerciaux, y compris d’équipements d’occasion.

    Elle est cotée à la BRVM sous le symbole “SAFC” et est actuellement la 41e action la plus précieuse de la bourse, avec une capitalisation boursière de 8,73 milliards de XOF, représentant environ 0,11 % du marché des actions.

    Le cours actuel de l’action est de 1 075 XOF, et elle est la deuxième action la plus échangée à la Bourse de la BRVM au cours des trois derniers mois.

    4. SGB (Côte d’Ivoire) – +38,3%

    La Société Générale de Banques en Côte d’Ivoire propose des produits et services bancaires aux particuliers, aux entreprises, aux institutions et aux professionnels en Côte d’Ivoire.

    La société offre des comptes, y compris des produits bancaires à distance et des transferts d’argent ; des crédits, tels que des prêts immobiliers ; des assurances vie et non-vie ; des produits d’épargne et d’investissement ; et des programmes de fidélité pour les particuliers.

    SGB est cotée à la BRVM sous le symbole “SGBC” et est actuellement la troisième action la plus précieuse, avec une capitalisation boursière de 492 milliards de XOF, représentant environ 6,21 % du marché des actions.

    SGB Côte d’Ivoire est la 29e action la plus échangée au cours des trois derniers mois.

    5. Ecobank (Côte d’Ivoire) – +37,5%

    Ecobank Côte d’Ivoire SA est une banque commerciale qui propose divers produits et services. Outre la Côte d’Ivoire, la société opère également au Mozambique, au Nigeria et en Tanzanie, entre autres.

    Ecobank est cotée à la BRVM sous le symbole “ECOC” et est actuellement la quatrième action la plus précieuse, avec une capitalisation boursière de 369 milliards de XOF, représentant environ 4,66 % du marché des actions.

    Le cours actuel de l’action Ecobank Côte d’Ivoire est de 6 700 XOF, et elle est la septième action la plus échangée à la Bourse au cours des trois derniers mois.

    6. Bank of Africa (Burkina Faso) – +34,2%

    Bank of Africa Burkina Faso SA est une banque commerciale opérant dans les secteurs de la vente au détail, des entreprises et des marchés financiers. La banque propose des produits financiers tels que des comptes de dépôt, y compris des comptes chèques, d’épargne et à terme, et accorde des prêts aux particuliers et aux entreprises.

    Le Burkina Faso est coté à la BRVM sous le symbole “BOABF”. La Bank of Africa – Burkina Faso est actuellement la dixième action la plus précieuse, avec une capitalisation boursière de 151 milliards de XOF, représentant environ 1,9 % du marché des actions.

    Le cours actuel de la Bank of Africa – Burkina Faso est de 6 850 XOF, et elle est la 35e action la plus échangée à la Bourse au cours des trois derniers mois.

    7. Bank of Africa (Sénégal) – +30,6%

    Bank of Africa Sénégal propose une gamme de produits et services bancaires aux particuliers et aux entreprises. BOA Sénégal opère en tant que filiale du Groupe BOA, une société holding qui offre des services financiers tels que la banque et l’assurance par le biais de ses filiales en Afrique.

    Elle est cotée à la BRVM sous le symbole “BOAS” et est actuellement la 25e action la plus précieuse, avec une capitalisation boursière de 76,2 milliards de XOF, représentant environ 0,962 % du marché des actions.

    La Bank of Africa – Sénégal est la 19e action la plus échangée au cours des trois derniers mois, avec un cours actuel de 3 175 XOF.

    8. Air Liquide (Côte d’Ivoire) – +22,9%

    Air Liquide Côte d’Ivoire SA, anciennement Société Ivoirienne d’Oxygène et d’Acétylène SA (SIVOA), est une entreprise basée en Côte d’Ivoire opérant dans l’industrie chimique.

    Elle produit des gaz industriels et médicaux, des équipements et consommables médicaux, des équipements de découpe et de soudage, des matériaux d’hygiène et des produits de lutte contre l’incendie. Elle offre également des services d’installation et de maintenance.

    Air Liquide est cotée à la BRVM sous le symbole “SIVC” et est actuellement la 42e action la plus précieuse, avec une capitalisation boursière de 7,25 milliards de XOF, représentant environ 0,092 % du marché des actions.

    Le cours actuel de l’action Air Liquide Côte d’Ivoire (SIVC) est de 830 XOF, et elle est la sixième action la plus échangée à la BRVM au cours des trois derniers mois.

    1 XOF = 0,0017 USD au 7 janvier 2024.

    Crédits d’information : BRVM, African Exchanges, Reuters Markets

  • 2023 Recap: Best-Performing Stocks On BRVM

    2023 Recap: Best-Performing Stocks On BRVM

    The Bourse Régionale des Valeurs Mobilières (BRVM) is the regional stock exchange of the member states of the West African Economic and Monetary Union (WAEMU): Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo. 

    The exchange is located in Abidjan, Côte d’Ivoire but maintains market offices in each of the affiliated countries.

    In an impressive year for the stock market, up to eight of the stocks posted double-digit share price gains in 2023 while the market capitalization surged past the XOF 8 trillion mark (around $13bn) for the first time in history in September.

    As part of our 2023 recap series, we provide an overview of the best-performing stocks on the regional bourse—and the companies behind them—ranked by share price appreciation. 

    Daba Finance Invest Africa 2023 Recap

    1. Bank of Africa (Cote d’Ivoire) – +86.4%

    Bank of Africa Cote d’Ivoire SA is an Africa-based bank situated in Abidjan, Ivory Coast. It provides financial and insurance products and services to such customers as professionals, individuals, students, and local communities.

    Bank of Africa – Côte d’Ivoire is traded on the BRVM under the ticker symbol “BOAC”. Its current share price is XOF 6,750 having surged more than 80% over the past year.

    Bank of Africa – Côte d’Ivoire is currently the 15th most valuable stock on the BRVM with a market capitalization of XOF 135 billion, which is about 1.71% of the equity market.

    It is the 16th most traded stock on the Exchange over the past three months.

    2. Societe Multinationale de Bitumes (Cote d’Ivoire) – +54.69%

    Societe Multinationale de Bitumes (SMB) SA is engaged in refining crude oil for the production and marketing of road bitumen and by-products.

    SMB is traded on the BRVM under the ticker symbol “SMBC”. It is currently the 22nd most valuable stock on the bourse with a market capitalization of XOF 81.1 billion, which is about 1.02% of the equity market.

    The current share price of SMB Côte d’Ivoire is XOF 10,400. It rose more than 54% last year and is the 31st most traded stock over the past three months.

    3. Alios Finance (Cote d’Ivoire) – +47.2%

    Alios Finance Safca SA, formerly Societe Africaine de Credit Automobile (SAFCA) SA, provides financial services including financing of motor cars, and agricultural or commercial equipment, including second-hand equipment.

    It is traded on the BRVM under the ticker symbol “SAFC” and is currently the 41st most valuable stock on the exchange with a market capitalization of XOF 8.73 billion, which makes up about 0.11% of the equity market.

    The stock’s current price is XOF 1,075 and it is the second most traded stock on the BRVM over the past three months.

    4. SGB (Cote d’Ivoire) – +38.3%

    Société Générale de Banques en Côte d’Ivoire provides banking products and services to individuals, corporations, institutions, and professionals in the Ivory Coast.

    The company offers accounts, including remote banking products and money transfers; credits, such as real estate loans; life and non-life insurance; savings and investments; and loyalty programs for individuals.

    SGB is traded on the BRVM under the ticker symbol “SGBC” and is currently the third most valuable stock with a market capitalization of XOF 492 billion, which is about 6.21% of the equity market.

    SGB Côte d’Ivoire is the 29th most traded stock over the past three months.

    5. EcoBank (Cote d’Ivoire) – +37.5%

    Ecobank Cote d’Ivoire SA is a commercial bank that provides several products and services. Apart from the Ivory Coast, the Company also operates in Mozambique, Nigeria, and Tanzania, among others.

    Ecobank is traded on the BRVM under the ticker symbol “ECOC” and is currently the fourth most valuable stock with a market capitalization of XOF 369 billion, which is about 4.66% of the equity market.

    The current share price of Ecobank Côte d’Ivoire is XOF 6,700 and is the seventh most traded stock on the Exchange over the past three months.

    6. Bank of Africa (Burkina Faso) – +34.2%

    Bank of Africa Burkina Faso SA is a commercial bank operating in the retail, corporate, and financial markets. The Bank provides financial products such as deposit accounts, including checking, savings, and time deposits, and extends loans to individuals and businesses.

    Burkina Faso is traded on the BRVM under the ticker symbol “BOABF”. Bank of Africa – Burkina Faso is currently the 10th most valuable stock with a market capitalization of XOF 151 billion, which makes up about 1.9% of the equity market.

    The current share price of Bank of Africa – Burkina Faso is XOF 6,850 and is the 35th most traded stock on the Exchange over the past three months.

    7. Bank of Africa (Senegal) – +30.6%

    Bank of Africa Senegal provides a range of banking products and services to individuals and businesses. BOA Senegal operates as a subsidiary of BOA Group, a holding company that provides financial services such as banking and insurance through its subsidiaries in Africa.

    It is traded on the BRVM under the ticker symbol “BOAS” and is currently the 25th most valuable stock with a market capitalization of XOF 76.2 billion, which makes up about 0.962% of the equity market.

    Bank of Africa – Senegal is the 19th most traded stock over the past three months with a current share price of XOF 3,175.

    8. Air Liquide (Cote d’Ivore) – +22.9%

    Air Liquide Cote d’Ivoire SA, formerly Societe Ivoirienne d Oxygene et d Acetylene SA, (SIVOA), is an Ivory Coast-based company engaged in the chemical industry. 

    It produces industrial and medical gases, equipment and medical consumables, cutting and welding equipment, hygiene materials, and firefighting products. It also provides installation and maintenance services.

    Air Liquide is traded on the BRVM under the ticker symbol “SIVC” and is currently the 42nd most valuable stock with a market capitalization of XOF 7.25 billion, which is about 0.092% of the equity market.

    The current share price of Air Liquide Côte d’Ivoire (SIVC) is XOF 830 and it is the sixth most traded stock on the BRVM over the past three months.

    XOF 1 = USD 0.0017 as of January 7, 2024.

    Information credits: BRVM, African Exchanges, Reuters Markets