Daba

Sicable Posts Modest Growth in 2024 Earnings Report Société Ivoirienne de Cables (BRVM: CABC) ended 2024 with higher revenue but lower net profit, as rising costs, higher taxes, and competition weighed on performance. The Ivorian firm, listed on the Bourse Régionale des Valeurs Mobilières (BRVM) - UEMOA, is one of the largest manufacturers of electric cables in the French-speaking West African nation. Here's some key takeaways from its latest report: ?? Revenue: 19.1B FCFA (US$31.9M), +7% y-o-y ?? Production margin: 1.07B FCFA (US$1.77M) ?? EBITDA: 147M FCFA (US$245K) ?? Net profit: 1.23B FCFA (US$2.04M), -14% y-o-y ?? Dividend per share (gross): 128.1 FCFA (US$0.21) Despite a 35% drop in export sales, Sicable strengthened its position in the domestic market, with power grid sales outperforming expectations. With 2025 shaping up to be a pivotal year, Sicable is focused on securing supply chains, expanding into new markets, and improving operational efficiencies. Its stock has gained 34.1% since the start of the year, 16.3% in one week and 27.4% over the last month—ranking it among the top-performing stocks on the BRVM. Read more on Daba News: https://lnkd.in/dA8-7bhv Invest in Sicable on the Daba app: https://lnkd.in/d7r4XbcB Get in-depth analysis and stock picks with Daba Pro: https://lnkd.in/d6iNRd9x

Ivorian Lender SIB Sees 15% Jump in Full-Year Net Profit Société Ivoirienne de Banque (SIB) reported solid growth in 2024 despite challenging economic conditions. The bank, listed on the Bourse Régionale des Valeurs Mobilières (BRVM) - UEMOA, doubled its capital to 20 billion FCFA ($33.2 million). Here are some key financial highlights: ??Total assets: 1,685 billion FCFA ($2.8 billion), up 5% ??Customer deposits: 1,399 billion FCFA ($2.3 billion), up 8% ??Customer loans: 1,101 billion FCFA ($1.8 billion), up 6% ??Net banking income: 103 billion FCFA ($171.2 million), up 8% ??Net profit: 50 billion FCFA ($83.1 million), up 15% ??Operating efficiency ratio: 39%, improved by 141 basis points SIB also maintained its A1 and AA- ratings from Bloomfield Investment Corporation with a stable outlook and has proposed a dividend of 375 FCFA per share ($0.62)—at 10.6% yield. Read more on our website: https://lnkd.in/dPRdryVX And for in-depth analysis of the company and stock, subscribe to Daba Pro: https://lnkd.in/d6iNRd9x

In January, I visited the The University of Chicago Booth School of Business for a fantastic conversation on harnessing fintech innovation for financial inclusion. Together with Benjamin Krause, Executive Director of the Becker Friedman Institute for Economics, Jennifer Tescher, Founder & CEO of the Financial Health Network, and Boum III Jr., co-founder and CEO of Daba Finance, we explored how generative AI and new technologies can unlock equitable opportunity — but only if they are designed and applied with vulnerable consumers in mind. Many thanks to the The Rustandy Center for Social Sector Innovation, the Center for Applied Artificial Intelligence at Chicago Booth , and the Stigler Center for the Study of the Economy and the State at Booth for hosting us. Read more about the event in the article below, or watch the full recording here:?https://lnkd.in/ebtx6tCW?

While developed and emerging equities markets have struggled to maintain momentum in early 2025, Daba's collection of finance stocks listed on the BRVM is up by over 27% this year. Comprising 14 leading francophone West African financial institutions, the collection spans banking, insurance, and other financial services—providing targeted exposure to a sector benefiting from increasing financial inclusion, digital transformation, and regional economic integration For investors seeking uncorrelated returns and frontier market exposure, the BRVM finance index represents a compelling opportunity in one of Africa's fastest-growing regions, and is available exclusively on the Daba platform. Download our app today to start investing: https://lnkd.in/d7r4XbcB #WestAfricanStocks?#BRVM?#FrontierMarkets?#InvestInAfrica?#FinancialStocks?#AfricanEquities?#Stocks?#EmergingMarkets

Navigating Africa’s stock markets requires best-in-class intelligence. Investors who know where to look can capture double-digit gains on undervalued stocks across the continent. But without access to real-time data, expert analysis, and market-moving trends, you risk missing out on such opportunities. That's where Daba Pro comes in. Our premium service that gives you the edge with: — Exclusive buy-and-sell stock picks delivered weekly — Detailed reports on the most compelling African stocks — Commentary on a daily, quarterly, half-year, and annual results And so much more, all to help you invest smarter and maximize returns in African markets. ?? Fill out our interest form today to get access to our latest stock picks: https://lnkd.in/dDWDmi-3 Or ?? Sign up to Pro now: https://lnkd.in/d6iNRd9x ?? Discover Daba: https://lnkd.in/daRkFejz ?? Download Daba: https://lnkd.in/d7r4XbcB #InvestinAfrica #DabaPro #StockMarket #Stocks #Equities #EmergingMarkets

South Africa Escapes Recession ?? The major African economy showed modest growth in Q4 2024, expanding by 0.6%, following a slight contraction of 0.1% in the previous quarter. Key highlights from the latest GDP report: — GDP growth for 2024: 0.6% — Agriculture rebounded strongly by 17.2%, reversing a 29% slump in Q3 — Mining & Manufacturing contracted by 0.2% and 0.6%, respectively — Consumer Spending grew by 1.0% QoQ and 2.3% YoY (highest since early 2022) — Government consumption & investment fell by 0.6% & 2.7%, respectively Outlook for 2025 is positive with projected growth for the year ranging from 1.5% (IMF) to 2.3% (Capital Economics), driven by improved electricity supply, easing logistical challenges, and low inflation. However, global trade tensions and domestic policy changes could still impact growth. Recovery in key sectors like energy and manufacturing will be crucial for sustained growth ?? Read more on South Africa’s economic recovery and future outlook on our website: https://lnkd.in/dS3GG-VY ??: Arbiterz

Orange Cote d'Ivoire Declares Huge Dividend for FY 2024 Ivorian telecom giant Orange C?te d'Ivoire just released its financial results for the year ending December 2024. The company, second-largest listed on the Bourse Régionale des Valeurs Mobilières (BRVM) - UEMOA, operates across ???? C?te d'Ivoire, ???? Burkina Faso and ???? Liberia. Here are some highlights from the report: — Revenue: 1,084.1B FCFA ($1.71B), up 6.6% — EBITDAaL: 390.3B FCFA ($617.4M), up 3.3% — Operating profit: 263.2B FCFA ($416.4M), up 2.0% — Net income: 158.2B FCFA ($250.3M), up 2.1% — Mobile users: 35.37M subscribers, up 4.5% The performance came despite a tougher regulatory environment, rising energy costs, and price drops in voice and data. Meanwhile, growth was driven by network modernization, fiber deployment in new areas, and rural mobile expansion. Against this backdrop, the company is tapping into its reserves to pay as much as $178.7M in dividends for 2024, at $1.19 per share. Read more on our website here: https://lnkd.in/drXEjkZM And to get an in-depth analysis of the company and stock, subscribe to Daba Pro: https://lnkd.in/dt6vhNT2

?? ?????????????????? ????????????’?? ???????????????????? ?????????????????? ?????????????? ???????????????????? ?????? ?????????????????????????? ?? One of the biggest challenges in #Africa’s cross-border payments remains foreign exchange (#FX) and currency conversion. The ability to seamlessly convert currencies between different nations is essential for enabling trade and investment. Alongside this, technology plays a critical role—ensuring smooth transactions, from sending and receiving payments to cashing in and out. ?? At #AFIS 2024 in #Casablanca, Boum III Jr highlighted how Daba is actively tackling these challenges by democratising access to African capital markets. Their platform is empowering individuals to invest, build wealth, and save, with as little as 10,000 CFA francs. This innovation is changing lives across the continent, bridging the gap between financial markets and everyday Africans. ?? A particularly inspiring partnership discussed was with Ecobank Transnational Incorporated. By integrating Ecobank’s payment network, #Daba is extending its fintech-driven investment solutions across 33 African countries. This collaboration enhances accessibility and financial inclusion, making it easier for investors to connect with opportunities and grow their capital. ?? The future of Africa’s financial ecosystem lies in strategic partnerships, innovative technology, and accessible investment solutions. The impact of these advancements is already being felt, and the potential is enormous. ?? What are your thoughts on Africa’s evolving investment landscape? Let’s discuss! ????

African stock markets such as the Bourse Régionale des Valeurs Mobilières (BRVM) - UEMOA stand out when it comes to dividend yields in emerging markets. Dividends are a portion of a company's profits distributed to shareholders as a reward for their investment. They are typically paid annually or semi-annually and can provide a steady income stream for investors. Meanwhile, dividend yields show how much a company pays each year relative to its stock price. In 2024: — Banks led dividend payouts on the BRVM, with Bank of Africa - Groupe Bank of Africa subsidiaries appearing prominently — The top-ranking companies offered notably high dividend yields, with the leading three BOA subsidiaries exceeding 19% — Other industries such as telecom (ONATEL), publishing (Nei-ceda), oil & gas (TotalEnergies Sénégal), agriculture (Palm CI), and industrials (Sitab) also provided strong payouts — All the top 12 leading stocks offered yields above 8% while the average yield for all dividends paid for FY 2023 was over 10% With such high yields and consistent payouts, the fast-growing West African stock exchange remains a compelling market for income-focused, dividend-seeking investors within and outside the continent. Looking to diversify your portfolio with high-yield dividend stocks? Download the Daba app to get started: https://lnkd.in/dmAC5BVz #Investing?#Stocks?#Equities?#DividendStocks?#WestAfrica?#BRVM?#PersonalFinance?#Wealth?#Income

In an era where global markets face volatility, Africa continues to present some of the most compelling investment opportunities. As pan-African businessman and philanthropist?Tony O. Elumelu, C.F.R?put it at the World Governments Summit in Dubai, “There’s nowhere else you get the kind of returns on investments as you do in Africa.” Despite challenges, the continent’s economic trajectory remains strong, driven by innovation, infrastructure, and a young, dynamic workforce. And with Daba, you investors can capitalize on the continent's potential with seamless access to various markets and asset classes—across equities, fixed-income, and alternatives. The question is no longer why invest in Africa, but how soon can you start? ?? https://lnkd.in/dmAC5BVz #InvestInAfrica?#DabaFinance?#EmergingMarkets?#FrontierMarkets