In a recent meeting held on April 26, 2024, the board of directors of the banking group BGFI Group proposed distributing a dividend of CFA11,000 per share for FY2023. This remuneration is slightly lower than the CFA15,850 per share distributed in 2022 but remains generous considering the macroeconomic context in which the group operated across its various markets. The company opted to strengthen its fundamentals, even with a surge in its net profit reaching CFA95.8 billion, a 55% increase in 2023 compared to 35% in 2022.
On the commercial front, customer deposit balances stand at CFA3,311 billion, up by 9% from 2022. The BGFI Bank Group has garnered the trust of its clients in all markets where it operates. Simultaneously, the Group continued supporting the financing of economies and significant projects for its clients in the various markets of operation.
In a challenging environment marked by inflation and economic growth slowdowns, the group increased its customer loan portfolio to CFA3,075 billion, reflecting a 4% rise from 2022. The Bank emphasizes its commitment to effectively adapting to regulatory constraints, organizational changes, legitimate client needs, offering innovative products and services, and maintaining robust risk management to achieve the CFA120 billion target in 2024.
Africa’s AI adoption is accelerating, but its ability to scale depends primarily on foundational i...
African billionaires increased their combined net worth by $21.9 billion in 2025. Nigerian b...
Development Partners International sold its 20.17% stake in Atlantic Business International for mo...
Flutterwave acquired Nigerian open banking startup Mono in an all-share deal valued between $...
Africa’s energy & mining exports benefit from US tariff exemptions, cushioning trade as most other...
Mauritius and Russia discussed digitalization and innovation partnerships Talks focused on digital tools to boost SME productivity and...
The Canadian miner plans a private placement of up to $36 million Funds are expected to support progress at the Dasa uranium project in...
Production is projected at over 150,000 tons, a historic high Output would rise 76% year on year, marking a third straight increase Higher...
AI courses will be compulsory for all government employees, regardless of role Training aims to improve public service delivery and administrative...
Located at the mouth of the Senegal River, about twenty kilometers from the Atlantic Ocean, Saint-Louis Island holds a distinctive place in the country’s...
Benin considers hosting a pan-African cultural event inspired by FESMAN but plans to use a different name. Culture Minister Jean-Michel Abimbola...