Yesterday April 28, Nestlé Côte d’Ivoire closed its 6th consecutive day of gains on the regional stock exchange BRVM. If the company keeps this trend as forecasted, it will be well-positioned to hit its best stock gain since 2012.
Since January 1, 2021, Nestle CI’s value rose by 176.5%; a strong startup after four consecutive years of decline. Investors are attracted by the good yield outlook the company offers. Nestle CI plans to distribute nearly CFA9 billion in dividends for the year.
For the public, which holds 19.14% of the company's shares on the BRVM, this represents a return of 58% based on the closing price of April 21 (CFA625), compared with the average market return of 7.7%.
For the first quarter of 2021, the company achieved a net profit of just over CFA4 billion, up 893% compared to the same period in 2020. This performance was supported by a 16% increase in sales due to improved productivity and a reduction in expenses.
Idriss Linge
• Inflation within the West African Economic and Monetary Union (UEMOA) fell to a two-year low of 0....
Flutterwave gained a BCEAO license to operate in Senegal, expanding to 35 African countries. ...
In Africa, the private sector is widely seen as the main engine of industrialization and plays a cen...
President Paul Biya, 92, to seek eighth term in October 2025 election In power since 19...
• Interbank volumes rose 18.7% in May, while rates declined across the market• The BCEAO cut its mai...
Highlights: • Kobold Metals signed an agreement in principle with the DRC government on July 17, 2025.• The deal includes the Manono lithium project,...
Highlights: • Global cocoa processing down across all major regions in Q2 2025• ECA: Europe’s grindings at lowest since 2020, Asia at lowest since...
Highlights: • Egypt targets 42% renewable energy share by 2030.• POWERCHINA to build 130-km high-voltage line signed on June 25.• National grid expansion...
Highlights: • EXIM Bank issues letter of intent for $150M to support Botswana's NexMetals• US eyes battery-grade nickel sulphates and cobalt from...
Ashenda is a vibrant traditional festival celebrated primarily in northern Ethiopia, particularly among the Tigray and Amhara communities, as well as in...
The Emerald Sea is a vast turquoise lagoon located in the northern part of Madagascar, just a few kilometers from the town of Antsiranana (formerly Diego...