Markets Talk

The BRVM delivered a historic week as the Composite crossed 500 points for the first time and equity market capitalization moved above 20 trillion CFA francs.We break down the strongest-performing stocks, including CIE, Uniwax and SAPH, alongside key trends in bond trading and the 2026 dividend season.Beyond the BRVM, we cover Nigeria’s slowing inflation, Dangote’s IPO and refinery plans, and major capital raises across Africa.We also look ahead to the coming week and explain how Daba Pro and Daba Academy can help investors make more informed decisions.
Key Moments:[00:00] – BRVM crosses a historic milestone[01:32] – Market indexes, capitalization and trading activity[03:00] – Top stocks: CIE, Uniwax and SAPH[04:37] – BRVM bonds and dividend opportunities[05:59] – Nigeria, Dangote and major African investment news[07:51] – Week-ahead opportunities, Daba Pro and Daba Academy
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Get weekly recommendations, detailed analysis and exclusive market insights with Daba Pro.
Build your investing knowledge with Daba Academy. Use code PODCAST to receive a 3,000 CFA franc discount on registration.
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The BRVM delivered another strong week, with all major indexes advancing and trading activity rising sharply. In this episode of Markets Talk, we break down the market’s top-performing stocks, the surge in trading volumes and the most important bond transactions. We also review the 2026 dividend season and major investment stories from Benin, Nigeria, South Africa and across the continent. Finally, we look at what investors should watch in the week ahead and how Daba Pro can help identify opportunities.
Key moments:
[00:00] – Another strong week for the BRVM[01:20] – SICOR, ERIUM and TotalEnergies lead top stocks[02:47] – Liquidity and activity in the bond market[04:17] – 2026 BRVM dividend season update[05:28] – Benin, Jumia, Nigeria and African investment news[07:05] – Week-ahead opportunities, Daba Pro and Daba Academy
Go further with Daba:
Access weekly recommendations, detailed analysis and exclusive market insights with Daba Pro.
Learn the fundamentals of stocks, bonds, dividends and investing with Daba Academy. Use code PODCAST to receive a 3,000 CFA franc discount on registration.
Website: https://www.dabafinance.com/enYouTube: https://www.youtube.com/@DabaFinanceTikTok: https://www.tiktok.com/@dabafinanceInstagram: https://www.instagram.com/dabafinanceFacebook: https://www.facebook.com/dabafinance

Four African countries — Côte d’Ivoire, Ghana, Nigeria and Cameroon — produce around 75% of the world’s cocoa, yet farmers capture only a small share of the value created by the global chocolate industry. Now, the four countries are working together through a new Cocoa Value Addition Alliance aimed at shifting the model from simply exporting beans to processing, manufacturing and building more value at home.
In this mid-week edition of Daba Markets Talk, we explore why previous attempts to increase producer power have struggled, why cocoa cannot operate like an OPEC-style cartel, and why the bigger opportunity may lie in moving from bean to brand. We also look at cocoa price volatility, Europe’s incoming deforestation rules, the challenges of coordinating four major producers, and what this initiative could mean for Africa’s broader push to capture more value from its natural resources.
Show Notes
00:00 — Africa’s Cocoa Power Play01:07 — The New Four-Nation Cocoa Alliance02:27 — Why Earlier Cocoa Strategies Failed03:47 — Why Cocoa Is Not Oil05:08 — Moving From Bean to Brand06:37 — Why Now and What Comes Next
Total runtime: 08:30
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The BRVM finished another week higher, with all major indexes posting gains despite lighter trading activity. In this episode, we break down the week’s top-performing stocks, key bond-market trades and the latest BRVM dividend developments. We also cover major African investment stories involving Dangote Refinery, Moove, PalmPay, Gabon and Morocco. Finally, we look ahead to the opportunities investors should be watching next week through Daba Pro.
Key Moments:[00:00] BRVM closes another week higher[01:25] Top stocks: SICOR, SITAB and BOA Côte d’Ivoire[02:50] Bond market activity and where liquidity is concentrating[04:05] BRVM dividends and companies rewarding shareholders[05:30] Dangote, PalmPay, Moove and Africa’s major investment stories[07:45] Week-ahead opportunities, Daba Pro and Daba Academy
Go further with Daba
Get weekly investment recommendations, exclusive analysis and deeper market intelligence with Daba Pro.
Join Daba Academy and use code PODCAST to receive a 3,000 CFA franc discount on registration.
Website: https://www.dabafinance.com/enYouTube: https://www.youtube.com/@DabaFinanceTikTok: https://www.tiktok.com/@dabafinanceInstagram: https://www.instagram.com/dabafinanceFacebook: https://www.facebook.com/dabafinance

In the mid-week edition of Daba Markets Talk, we examine the planned IPO of the Dangote Petroleum Refinery and why it could become a defining moment for African capital markets. The episode explores the refinery’s role in transforming Nigeria from an exporter of crude oil into a producer of refined fuels, the proposed $5 billion raise, its reported $40 billion valuation, and the potential impact on the Nigerian Exchange.
We also look at regional investor access, the possibility of dollar-denominated dividends, the risks surrounding valuation and expansion, and the key details investors should watch for in the official prospectus.
Show Notes
00:00 — Introducing the First Mid-Week Edition
00:38 — Nigeria’s Oil Paradox and the Dangote Refinery
01:43 — Africa’s Potential $5 Billion IPO
03:05 — Valuation, Expansion and Regional Investor Access
04:28 — Dollar Dividends and Key Investment Risks
05:44 — What Investors Should Watch Next
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In this episode of Markets Talk, we review a week of consolidation on the BRVM, with slight declines in the main indexes but strong gains among selected stocks. We examine the most actively traded companies, leading market performers and bond-market activity. The episode also covers 2026 dividend payments and major financial developments across Africa. Finally, we explain what investors should watch in the coming week and highlight Daba Pro and Daba Academy.
Key Moments:
[00:00] – Opening and performance of the main BRVM indexes[01:51] – Top stocks and the week’s largest market movements[03:37] – Bond yields, liquidity and investor risks[05:04] – 2026 dividends and the payment calendar[06:03] – Gabon, the ECO and major African market developments[07:42] – Opportunities, Daba Pro and Daba Academy
Learn More
Access the complete dividend calendar, market data and investing tools through the Daba app.
Subscribe to Daba Pro for weekly recommendations, exclusive research and reduced investing fees.
Use the code PODCAST to receive a 3,000 CFA franc discount on Daba Academy registration.
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ECOWAS is once again targeting 2027 for the launch of the Eco, a shared currency intended to make trade, payments, and investment easier across West Africa. This episode traces the project’s four-decade history, explains why repeated launch dates have failed, and examines the economic convergence standards countries must meet before joining.
In this edition, we explore the challenges of applying one monetary policy across economies as different as Nigeria, Ghana, and the CFA franc countries, including inflation, fiscal deficits, exchange-rate policy, and exposure to different economic shocks.
The episode also considers what may be different this time: a phased rollout involving qualifying countries first, the registration of the Eco trademark, an active presidential task force, and a potentially more favorable regional economic environment.
Show Notes
00:00 — Welcome to Daba Markets Talk01:02 — West Africa’s Four-Decade Currency Ambition02:26 — Why Previous Eco Launches Failed03:54 — The Economic Convergence Test05:20 — Nigeria and the One-Policy Challenge06:45 — What Has Changed Ahead of 2027
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In this episode of Daba Markets Talk, we examine another positive week for the BRVM, with all major indexes closing higher. We break down the top-performing stocks, bond-market activity and upcoming dividend payments. The episode also explains Nigeria’s interest-rate decision and the economic significance of the Nigeria-Morocco Gas Pipeline. Finally, we highlight opportunities investors can explore through Daba Pro and Daba Academy.
Key moments:
[00:00] – Another positive week for the BRVM indexes[01:20] – Top stocks and the market’s most actively traded companies[03:10] – Main decliners and BICICI’s ownership changes[04:25] – Bond trading and Senegalese government debt activity[05:35] – Nigeria’s interest rate and the Nigeria-Morocco Gas Pipeline[07:35] – Dividends, weekly opportunities, Daba Academy and Daba Pro
Learn more:
Download the Daba app to follow African markets and access the complete BRVM dividend calendar.
Use the code PODCAST to receive a 3,000 XOF discount on Daba Academy registration.
Website: https://www.dabafinance.com/en
YouTube: https://www.youtube.com/@DabaFinance
TikTok: https://www.tiktok.com/@dabafinance
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Bridge Bank Group Côte d’Ivoire’s IPO sold out in less than 24 hours, despite being scheduled to remain open for more than 2 weeks. In this midweek edition of Daba Markets Talk, we examine what drove demand for the 67.5 billion FCFA offer, the bank’s financial performance, its 337.5 billion FCFA valuation and the dividend potential that attracted investors.
We also explain what oversubscription means for share allocation, why the speed of the sellout does not guarantee gains after listing and which risks investors should monitor, including credit quality, valuation and market liquidity.
The episode also looks at how Daba gives investors digital access to IPOs and why completing verification and funding an account before an offer opens can matter when shares sell out this quickly.
Show Notes
00:00 — Bridge Bank IPO Sells Out in Less Than 24 Hours
01:32 — Inside the 67.5 Billion FCFA Public Offering
03:12 — Bridge Bank’s Growth and Financial Performance
05:07 — Is the 6,750 FCFA Offer Price Attractive?
07:24 — Dividends, Oversubscription and Share Allocation
09:35 — Risks, BRVM Listing and Access Through Daba
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In this episode of Markets Talk, we review the BRVM’s performance from July 13 to July 17, 2026. We examine gains across the main market indexes, rising trading activity, and the strong performances of Uniwax, Africa Global Logistics, and Bank of Africa Burkina Faso. The episode also covers bond-market trading, major dividend announcements, and important economic developments across the WAEMU region. We conclude with trends to watch during the coming week and the resources available through Daba Pro and Daba Academy.
Key Moments:[00:00] – Introduction and gains across the main BRVM indexes[01:30] – Higher trading activity, with ETIT and Sonatel leading exchanges[02:55] – Top stocks: Uniwax, Africa Global Logistics, and BOA Burkina Faso[04:25] – Major declines and activity on the BRVM bond market[05:55] – Company results, infrastructure investments, and WAEMU developments[07:45] – Dividends, opportunities ahead, Daba Pro, and Daba Academy
Go Further with Daba
Access detailed research, weekly recommendations, exclusive market data, and lower investing fees with Daba Pro. Download the Daba app to view the full 2026 BRVM dividend calendar.
Use the code PODCAST to receive a 3,000 CFA franc discount on your Daba Academy registration.
Website: https://www.dabafinance.com/enYouTube: https://www.youtube.com/@DabaFinanceTikTok: https://www.tiktok.com/@dabafinanceInstagram: https://www.instagram.com/dabafinanceFacebook: https://www.facebook.com/dabafinance