Libreville, June 27, 2025 – BGFI Holding Corporation, the parent company of the pan-African banking group BGFIBank, is preparing to take a major strategic step with its listing on the Central African Securities Exchange (BVMAC) scheduled for July 15, 2025. The operation, which could raise between 80 and 100 billion CFA francs, marks a turning point in the trajectory of this financial institution present in more than ten African countries and in Europe.
Held in Libreville on June 25, the Extraordinary General Meeting of shareholders endorsed three key decisions: the IPO, a capital increase of 15.7 billion CFA francs, and a restructuring of the institution’s governance. These measures are in line with the continuation of the strategic plan “Dynamic Enterprise 2025”, which has helped consolidate the group’s profitability, strengthen its resilience, and lay the foundations for sustainable growth.
For Hugette Oyini, Deputy General Manager of BGFI Holding, this listing represents a “normal step” in the group’s evolution. It should enable an expansion of financing means and strengthen the holding’s capacity for innovation, while improving transparency and governance through a clear separation between strategic functions (Board of Directors) and executive functions (General Management).
The listing of BGFI Holding on the BVMAC carries a significance that goes beyond the company’s scope. By becoming the seventh listed company on the regional stock exchange based in Douala, one of the largest financial groups in the CEMAC zone sends a strong message to the ecosystem: the BVMAC can become a credible channel for raising capital on a large scale. The historical weakness of the BVMAC, with few listed companies and limited liquidity, has often been criticized. The entry of a player of the size and reputation of BGFI Holding – with 2,500 billion CFA francs in assets in 2024 – represents an opportunity to revitalize the market, attract institutional investors’ attention, and potentially encourage other groups to follow suit. In fact, according to sources close to the matter, other IPOs are being considered before the end of the year, including those of CBC Bank and Zenithe Insurance.
The new governance structure adopted by BGFI Holding is also a key factor in this transformation. The clear separation between control functions (Chairmanship of the Board of Directors) and management functions (General Management) reflects the best practices of listed companies. This evolution aims to reassure investors about the group’s ability to manage risks, ensure increased transparency, and maintain high compliance standards.
The opening of the capital up to 10% offers an entry point to a group whose profitability and geographical diversification are already strong. However, several elements will need to be analyzed by investors: the valuation of the company at the time of the IPO, the level of float and the actual liquidity of the stock in a still relatively quiet market, as well as the deployment schedule of the strategic project 2026-2030 and its ability to generate a sustainable return on investment.
The IPO of BGFI Holding is much more than just a financial operation: it is part of a dynamic of capital structuring, modernization of governance, and active participation in the development of an still emerging regional financial market. If the operation succeeds in raising the expected funds and gaining investor support, it could mark the beginning of a new era for the BVMAC – and for the financial attractiveness of the CEMAC zone as a whole.
