INITIAL PUBLIC OFFERING : Cosumaf authorizes Bgfi Holding to issue 10% of its capital

(LVDE) – The Central African Financial Market Supervisory Commission (Cosumaf) has given the green light for Bgfi Holding Corporation’s stock market listing, marking a major milestone for the group. This operation, which will involve issuing 10% of its capital, will take place from November 11 to December 24, 2025.

On October 28, 2025, during its ordinary session, the Central African Financial Market Supervisory Commission (Cosumaf) approved the application submitted by Bgfi Holding Corporation, thereby opening the way for its listing on the regional stock exchange. This decision marks a significant turning point for the company, which serves as the parent entity of the BgfiBank Group. The transaction concerns 10% of the company’s share capital and will be materialized through the issuance of new shares under a public offering.

The subscription period is scheduled from November 11 to December 24, 2025, after which the securities will be officially listed on the Central African Stock Exchange (Bvmac). BgfiBourse, the group’s dedicated subsidiary, has been appointed as the lead arranger and underwriter and will soon provide details regarding the subscription process.

This initiative by Bgfi Holding comes in the wake of earlier tensions among shareholders, which were resolved following a court ruling. By deciding to open its capital to public investment, Bgfi Holding aims to strengthen its expansion strategy and position itself more firmly within the framework of regional economic integration.

For Bvmac, this listing represents a key strategic development. Despite recent reforms and initiatives by several member states to open up their markets, the regional financial center remains relatively modest in terms of equity market activity. Henri Claude Oyima, Chairman of the Board of Directors of Bvmac, recently highlighted in his annual report the untapped potential of the regional exchange, emphasizing the need for renewed momentum.

Through this operation, Bgfi Holding seeks to raise financial resources to support its growth projects. The program provides for the issuance of 1,573,536 shares at an indicative price of 80,000 CFA francs each, representing a total estimated amount of 125.8 billion CFA francs. The funds will be used to strengthen the group’s equity base and finance its expansion ambitions.

Bgfi Holding’s listing aligns with a broader effort to promote the development of the regional financial market. By enabling access to public investment, the group hopes not only to diversify its sources of funding but also to reinforce investor confidence in the potential of the Central African market.

This operation could also mark the beginning of a new era for Bvmac, encouraging other companies to consider going public and invigorating stock market activity in the region. Bgfi Holding’s commitment to positioning itself as a key market player could pave the way for similar initiatives, thereby contributing to the economic development of Central Africa.

In summary, Cosumaf’s authorization for Bgfi Holding’s stock market listing represents a significant step forward for both the group and the regional financial market. With the issuance of new shares, Bgfi Holding is preparing to strengthen its position, pursue its growth ambitions, and actively participate in the region’s economic integration.

Tressy Chouente