Daba Finance Weekly Market Digest: June 29 – July 05 African financial markets concluded the week of June 29 to July 05 with a notably constructive tone, highlighted by continued rallies and significant growth across several exchanges. The BRVM Composite Index specifically recorded an impressive gain of +2.2%, nearing the 460-point mark and demonstrating sustained…
Building on a proven track record across 34 African markets, Ecobank Group has said it will partner with Development Finance Institutions (DFIs), including Proparco, to deploy this $3 billion commitment. “By expanding access to competitive trade finance, the funds will directly fuel the core engines of Africa’s real economy: agribusiness, manufacturing, and general commerce. This…
Ecobank Transnational Incorporated (BRVM: ETIT) is preparing to raise $500 million through a subordinated debt issue as it moves to refinance part of its balance sheet ahead of a regulatory deadline in June 2026. The Lomé-based lender plans to use the proceeds to exercise a call option on about $350 million of existing Tier 2…
Ecobank Transnational Incorporated posted its best-ever full-year revenue in 2025, driven by loan growth, higher fees, and a more stable currency environment across sub-Saharan Africa. Net revenue rose 17% to $2.45bn (1.42tn XOF), while pre-tax profit climbed 21% to $801m (466bn XOF), as the pan-African lender (BRVM: ETIT) — present in 39 countries — showed…
Nedbank Group reported a 2% increase in headline earnings to R17.2 billion for the year ended Dec. 31, 2025, as it completed the sale of its Ecobank stake and settled a dispute with Transnet. Diluted headline earnings per share rose 3% to 3,628 cents. Return on equity eased to 15.4% from 15.8%. The bank declared…
