BGFI completes IPO phase

BGFI Holding Corporation has completed the second phase of its capital opening operation through a public subscription, known as an initial public offering (IPO). This phase was oversubscribed after opening on September 15, 2026, indicating strong investor interest in the company.

Market confidence boosts BGFI

The oversubscription of the IPO reflects renewed market confidence in BGFI Holding Corporation and the future development of the BGFIBank Group. The group expressed gratitude to its investors and reaffirmed its commitment to meeting their expectations.

Funds support BGFI 2030 goals

The funds raised through this operation will support the implementation of the BGFI 2030 Corporate Project. This initiative aims to strengthen the group's presence in key growth areas, continue expansion in priority markets, and establish three new subsidiaries by the year 2030.

BGFI's growth vision

BGFI Holding Corporation plans to maintain a controlled, profitable, and sustainable growth trajectory. Its long-term goal is to "Build an African financial group for the world," emphasizing its ambition to become a global financial entity rooted in Africa.

BGFIBank's global reach

The BGFIBank Group is an international multi-sector financial group with over 3,000 employees. It serves a diverse customer base across twelve countries, including Benin, Cameroon, the Central African Republic, and several others in Africa and France.

IEA warns of rising diesel prices

The International Energy Agency (IEA) has predicted a risk of diesel price increases in Africa. Diesel is crucial for road transport and electricity production in the region, making this development a matter of concern for many countries.

AFC focuses on mining sector

The African Financial Corporation (AFC) is focusing on the mining sector, which is valued at 29,500 billion USD in Africa. This sector involves a wide range of financial actors and is seen as a key area for investment and growth.

Cote d'Ivoire's 2027 budget

Cote d'Ivoire has raised its 2027 budget to 31.5 billion USD with a reduced deficit. This aims to balance strict budget control with the country’s development goals, ensuring fiscal responsibility while investing in growth.

Gabon considers oil revenue changes

Gabon is exploring new revenue-sharing models for offshore oil production. Nearly a third of its budget still depends on oil, but production is declining, prompting the need for alternative financial strategies.

Ellipse Art Projects 2026

Ellipse Art Projects 2026 highlights the new generation of artists in West Africa. The event includes the Elipse Prize, established in 2021, which recognizes and supports emerging contemporary artists in the region.