Sgi Africabourse

What Sgi Africabourse does

SGI Africabourse SA is a CREPMF-licensed Société de Gestion et d'Intermédiation (brokerage license N° SGI-021/2005) that intermediates securities transactions and provides investment services on the Bourse Régionale des Valeurs Mobilières (BRVM), the regional stock exchange serving the eight UEMOA member states. Founded in 2005 and headquartered in Abidjan, the firm operates branches and representative offices in Côte d'Ivoire (Abidjan Cocody HQ and Plateau), Benin (Cotonou), and Togo (Lomé), and is positioned as the most geographically present brokerage in the WAEMU region. It is a subsidiary of FINANCIA GROUP S.A. (2 billion FCFA parent capital), with an affiliated asset management entity, AFRICABOURSE ASSET MANAGEMENT S.A.

The firm's product suite spans the full brokerage value chain: stock intermediation (order collection and transmission on the BRVM), equity and fixed-income brokerage, investment advisory tied to client risk profiling, discretionary and direct portfolio management, UCITS (OPCVM) depositary services (currently for four FCP AAM mutual funds), and financial engineering for bond issuances, IPOs, and restructuring transactions. The technology stack consists of a client portal, iOS and Android mobile applications for real-time portfolio access and order execution, a buy/sell/interest calculator, and a sector-organized research department that produces company fundamentals, quarterly/semi-annual activity reports, and country research notes — the latter packaged as four paid annual subscription tiers.

The revenue model combines transaction-based brokerage commissions (regulated by BRVM/CREPMF), recurring discretionary management and UCITS depositary fees, episodic advisory/arrangement fees from capital-markets mandates, and subscription revenue from research packs. Customers are segmented into three primary groups — retail individuals and investment clubs, corporates (including EPC/IEP issuers), and institutional investors (pension funds, insurance, cooperatives) — served through a hybrid branch-led and digital self-service go-to-market motion. The firm is led by M. Hospice HAZOUME, PDG since founding, who concurrently serves as CEO of parent FINANCIA GROUP S.A., board member of the BRVM, and former President of the Association des SGI de l'UEMOA.

Name

Sgi Africabourse

Legal name

SGI AFRICABOURSE SA

Website

https://africabourse.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

101–250 employees

Short description

SGI Africabourse SA is a CREPMF-licensed UEMOA brokerage firm that intermediates securities on the BRVM regional exchange and provides investment advisory, portfolio management, UCITS depositary, and financial engineering services to retail, corporate, and institutional clients across Côte d'Ivoire, Benin, and Togo.

Ownership category

akta.pro rank

Headquarters

HQ city

Cotonou

HQ country

Benin

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Stock Brokerage/Courtage Commission: Commission fees earned from executing buy and sell orders for securities (stocks, bonds) on behalf of clients on the BRVM. The company acts as a licensed stockbroker (SGI) collecting and transmitting client orders for execution on the regional exchange.
2. Investment Advisory Fees: Fees for providing investment recommendations, risk profiling, strategic asset allocation, and capital restructuring advice to individual and institutional clients.
3. Discretionary Portfolio Management Fees: Fees charged for managing client securities portfolios (OPC, stocks, bonds) under mandate. Management is personalized based on client financial profile and investment objectives.
4. UCITS Depositary Services: Fees for providing custody of UCITS (OPCVM) securities. The company currently manages four mutual funds as depositary.
5. Financial Engineering and Capital Market Operations: Fees from structuring and arranging fundraising operations including bond issuances, IPOs, and restructuring. The company acts as lead manager, co-lead, arranger, or syndicate member.
6. Research Subscription Packs: Annual subscriptions for fundamental company analysis, quarterly/semiannual activity reports, and country research notes across UEMOA nations. Subscription period runs from March to February of following year.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

SGI Africabourse is a CREPMF-licensed stockbroker (Société de Gestion et d'Intermédiation) that intermediates and executes securities orders on the BRVM regional stock exchange for individual, corporate, and institutional clients across Côte d'Ivoire, Benin, and Togo. It also provides discretionary portfolio management, investment advisory, UCITS depositary custody for mutual funds, financial engineering services (bond issuance, IPOs, restructuring), and tiered subscription research products covering BRVM-listed companies and UEMOA country analysis.

Product overview

SGI AFRICABOURSE is a specialized financial institution (Société de Gestion et d'Intermédiation) operating as a stock brokerage and investment services firm. The company offers a comprehensive suite of investment services organized around a core platform of stock market intermediation, brokerage, and portfolio management services. The primary service offerings include: Stock Intermediation (order execution on BRVM), Investment Advisory (recommendations based on risk profiles), Portfolio Management (discretionary and direct management), Stock Brokerage (domestic and international), UCITS Depositary services, Financial Engineering (fundraising operations), and Intensive Research (company analysis and market publications). The company manages four AAM mutual funds (FCP AAM OBLIGATIS, FCP AAM CAPITAL SÛR, FCP AAM EPARGNE CROISSANCE, and FCP AAM EPARGNE ACTIONS). Additional value-added services include a Buy & Sell Calculator tool, Dedicated Fund structuring for institutions, Investment Clubs for collective investing, and a mobile application with client portal for real-time portfolio access. Research subscription packs provide fundamental analysis of listed companies, quarterly/semi-annual reports, and country research notes for UEMOA nations.

Differentiator

Problem solved

Functional benefit

Products and services

• Stock Intermediation (Intermédiation Boursière) Collects and transmits client buy and sell orders for execution on the BRVM stock exchange, facilitating settlement between sellers and buyers of listed securities.
• Investment Advisory (Conseil en Placements) Provides investment recommendations and strategic asset allocation guidance from financial market specialists based on client risk profiles, while preserving client decision-making authority.
• Portfolio Management (Gestion de Portefeuille) Manages client securities portfolios under mandate with real-time market opportunity monitoring, prudent diversification, and personalized investment strategy aligned to client financial profile and objectives.
• Stock Brokerage (Courtage) Provides brokerage services to domestic and international clients, including fund managers, brokers, pension fund administrators, cooperatives, and insurance companies, covering equity trading, client relationship management, and research coverage.
• Securities Placement (Placement de Titres) Facilitates placement of securities issued by companies through public or private offerings, acting in roles of lead manager, co-lead, arranger, or syndicate member.
• UCITS Depositary (Dépositaire OPCVM) Provides custody services for UCITS (Undertakings for Collective Investment in Transferable Securities), with the firm currently serving as depositary for four mutual funds.
• Financial Engineering (Ingénierie Financière) Provides financial advisory for fundraising operations including bond issuances, IPOs, restructuring, and privatization transactions, including arrangement, structuring, and communication campaign organization.
• Intensive Research (Recherche Intensive) Produces detailed research notes on BRVM-listed companies and periodic market publications, organized by industries with sectoral expertise to support investment decisions.
• Discretionary Management (Gestion Sous Mandat) Delegated portfolio management service allowing clients to assign financial management of their securities portfolio to dedicated managers and market specialists.
• Dedicated Funds (Fonds Dédiés) Custom-designed investment fund structuring, set-up, and management services for institutional investors, including asset-liability approach optimization.
• Investment Clubs (Clubs d'Investissements) Group investment account structure allowing individuals to collectively manage savings and learn stock market mechanics through a voluntary joint venture arrangement.
• Research Pack Subscriptions Subscription-based research packages providing fundamental analysis of listed companies, quarterly and semi-annual activity reports, and country research notes for all eight UEMOA countries.
• FCP AAM OBLIGATIS Mutual investment fund focused on bonds, managed under UCITS depositary services of SGI AFRICABOURSE.
• FCP AAM CAPITAL SÛR Mutual investment fund providing a capital preservation investment strategy, managed under UCITS depositary services of SGI AFRICABOURSE.
• FCP AAM EPARGNE CROISSANCE Mutual investment fund focused on growth-oriented savings products, managed under UCITS depositary services of SGI AFRICABOURSE.
• FCP AAM EPARGNE ACTIONS Equity-focused mutual investment fund allowing investors to benefit from stock market returns through collective investment, managed under UCITS depositary services of SGI AFRICABOURSE.
• Portfolio Pledge for Credit (Nantissement de Portefeuille) Service enabling clients to obtain liquidity by pledging their securities portfolio as collateral through partner FINANCIA.

Quantifiable outcome

• Four UCITS mutual funds under depositary management (FCP AAM OBLIGATIS, FCP AAM CAPITAL SÛR, FCP AAM EPARGNE CROISSANCE, FCP AAM EPARGNE ACTIONS)
• +1 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered minor and core.

• FINANCIAminorStrategic or Co-development PartnerPartner entity for portfolio pledge credit services. Clients can obtain pledge credit from FINANCIA using their securities portfolio as collateral for liquidity needs.
• BRVM (Bourse Régionale des Valeurs Mobilières)coreStrategic or Co-development PartnerSGI AFRICABOURSE is a member of the BRVM, the regional stock exchange for West African Economic and Monetary Union (UEMOA) countries. All securities trading and market operations are conducted through this membership.
• CREPMF (Conseil Régional de l'Épargne Publique et des Marchés Financiers)coreStrategic or Co-development PartnerRegulatory authority that granted SGI AFRICABOURSE its operating license N° SGI-021/2005. The company is subject to CREPMF oversight and governed by its regulatory framework.
• AFRICABOURSE ASSET MANAGEMENT S.A.minorStrategic or Co-development PartnerAffiliated company under the same group. M. Hospice HAZOUME serves as board member. Potential for coordinated investment management and financial product distribution.
• Association des SGI de l'UEMOAminorStrategic or Co-development PartnerIndustry association of brokerage firms (SGIs) operating in the UEMOA region. M. Hospice HAZOUME served as President, contributing to industry standards and market development.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• BICI Bourse: A licensed SGI (stock brokerage) headquartered in Abidjan, Côte d'Ivoire. Directly comparable as another WAEMU broker intermediating on BRVM with similar full-service offerings (brokerage, advisory, portfolio management).
• NSIA Bourse: Pan-African financial group with brokerage operations in WAEMU. Comparable as a regionally diversified financial group offering brokerage and intermediation across UEMOA/UEMOA-equivalent markets.
• BOA Capital Securities (Bank of Africa): Brokerage affiliate of the Bank of Africa network spanning WAEMU. Comparable as another bank-owned licensed SGI with multi-country branch presence intermediating on the BRVM.
• Attijari Securities West Africa: Brokerage arm of Moroccan banking group Attijariwafa operating in WAEMU. Comparable as a regionally bank-owned SGI providing brokerage, advisory, and equity capital markets services to West African clients.
• CGF Bourse: Independent licensed SGI active in West Africa within the Atlantic Financial Group orbit. Directly comparable as another CREPMF-licensed broker offering intermediation, advisory and discretionary management on BRVM.
• Société Générale Capital Securities (UEMOA): SGI subsidiary of Société Générale group in Côte d'Ivoire. Directly comparable as a bank-affiliated, CREPMF-licensed broker intermediating for retail and institutional clients on BRVM.
• AEF Bourse: Société Africaine d'Études Financières, a licensed broker in Côte d'Ivoire. Comparable as a domestic WAEMU SGI focused on brokerage and intermediation on the BRVM.

Regional players

• CIFA Bourse: Independent brokerage and advisory firm active in Côte d'Ivoire. Comparable as a regional financial-services competitor offering brokerage and investment advisory services within WAEMU.
• Continental Stock Brokers: West African-focused brokerage operating in WAEMU. Comparable as a regional licensed broker with overlapping intermediation offerings on BRVM, but smaller and more narrowly distributed than AFRICABOURSE.

Broad incumbents

• EFG Hermes: Egypt-headquartered investment bank with expanding Africa franchise. Comparable as a much larger incumbent operating across brokerage, ECM advisory, asset management and research across frontier and emerging African markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/africabourse
• Facebookfacebook.com/sgiafricabourse

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sgi Africabourse