Ecobank’s Ivory Coast Unit Is Said to Plan IPO to Fund Expansion

Ecobank’s Ivory Coast Unit Is Said to Plan IPO to Fund Expansion

ABIDJAN (Capital Markets in Africa) – Ecobank Transnational Inc.’s Ivory Coast unit plans to raise 45 billion CFA francs ($79 million) in an initial public offering on West Africa’s regional stock exchange, according to two people familiar with the matter. The share sale will begin by October, pending approval by the regulator, Regional Council for Public Savings and Financial Markets, the people said, asking not to be identified because the information hasn’t been made public. The listing…

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Cote D’Ivoire Stock Markets | 25 Nov 2015: Equity Indices down and market capitalization US$31 million higher …

Cote D’Ivoire Stock Markets | 25 Nov 2015: Equity Indices down and market capitalization US$31 million higher …

Abidjan, Cote d’Ivoire, Capital Markets in Africa — BRVM (The Regional Stock Exchange of eight West Africa) main indices closed the trading session this Wednesday, slightly lower than the previous day for BRVM 10, and higher for BRVM Composite. BRVM 10 index decreased from 295.08 to 295.06 points, a drop of 0.01 percent. BRVM Composite index gained 0.25 percent at 303.11 points against 302.35 points previously. The equity market capitalization lost XOF 18.9 billion (about US$30.5 million)…

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Cote D’Ivoire Stock Markets | 24 Nov 2015: Negative sentiment stays onBRVM Bourse equity markets … indices and market cap down

Cote D’Ivoire Stock Markets | 24 Nov 2015: Negative sentiment stays onBRVM Bourse equity markets … indices and market cap down

Abidjan, Cote d’Ivoire, Capital Markets in Africa — BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session this Tuesday lower than the previous day. BRVM 10 index decreased from 297.46 to 295.08 points, a drop of 0.80 percent. BRVM Composite index lost 0.37 percent at 302.35 points against 303.47 points previously. The equity market capitalization dropped XOF 27.7 billion (about US$46 million) to close at XOF 7,461 billion relative to the previous trading…

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Cote D’Ivoire Stock Markets | 23 Nov 2015: BRVM equity settle in the red, market cap US$207 million lower …

Cote D’Ivoire Stock Markets | 23 Nov 2015: BRVM equity settle in the red, market cap US$207 million lower …

Abidjan, Cote d’Ivoire, Capital Markets in Africa — BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session this Monday lower than the previous day. BRVM 10 index decreased from 304.46 to 297.46 points, a drop of 2.30 percent. BRVM Composite index lost 1.64 percent at 303.47 points against 308.52 points previously. The equity market capitalization dropped XOF 124.6 billion (about US$207 million) to close at XOF 7,488 billion relative to the previous trading…

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Cote D’Ivoire Stock Markets | 16 Nov 2015: Agriculture, Transport and Distribution pull indices to red zone …

Cote D’Ivoire Stock Markets | 16 Nov 2015: Agriculture, Transport and Distribution pull indices to red zone …

Abidjan, Cote d’Ivoire, Capital Markets in Africa — BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session this Monday lower than the previous day. BRVM 10 index decreased from 297.77 to 295.64 points, a drop of 0.72 percent. BRVM Composite index lost 0.47 percent at 301.72 points against 303.14 points previously. The equity market capitalization dropped XOF 33 billion (about US$58.5 million) to close at XOF 7,445 billion relatively to the previous trading…

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Cote D’Ivoire Stock Markets | 12 Nov 2015: Bear visits the BRVM Bourse, Market Capitalization US$18 million lower …

Cote D’Ivoire Stock Markets | 12 Nov 2015: Bear visits the BRVM Bourse, Market Capitalization US$18 million lower …

Abidjan, Cote d’Ivoire, Capital Markets in Africa — BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session this Thursday lower than the previous day. BRVM 10 index decreased from 299.13 to 298.70 points, a drop of 0.14 percent. BRVM Composite index lost 0.15 percent at 304.29 points against 304.75 points previously. The equity market capitalization dropped XOF 11 billion (about US$18 million) to close at XOF 7,509 billion relative to the previous trading…

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Cote D’Ivoire Stock Markets | 11 Nov 2015: Equity ends in the north zone, investors US$50 million richer ….

Cote D’Ivoire Stock Markets | 11 Nov 2015:  Equity ends in the north zone, investors US$50 million richer ….

Abidjan, Cote d’Ivoire, Capital Markets in Africa — BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session this Wednesday higher than the previous day. BRVM 10 index rose from 298.17 to 299.13 points, a gain of 0.32 percent. BRVM Composite index gained 0.40 percent at 304.75 points against 303.53 points previously. The equity market capitalization gained XOF 30 billion (about US$50 million) to close at XOF 7,520 billion relatively to the previous trading…

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