CGF Bourse

What CGF Bourse does

CGF Bourse is a Dakar-based financial intermediary operating as a Société de Gestion et d'Intermédiation (SGI) licensed by CREPMF, the regional regulator for public savings and financial markets across the UEMOA zone. Founded in 1998 and led by founder M. Gabriel FAL, the firm serves individual and institutional investors across Senegal and the broader eight-country UEMOA region (Senegal, Côte d'Ivoire, Mali, Burkina Faso, Niger, Togo, Benin, and Guinea-Bissau), with a headcount of 11-50 employees.

The company's core product suite is built around four offerings: Actions (equity trading on regional markets), Obligations (government and corporate bonds), OPCVM (collective investment schemes/mutual funds regulated by CREPMF), and Épargne (savings products). These are delivered through a direct-to-consumer brokerage platform with a corporate web presence and direct advisory services for larger clients. Technology architecture is not disclosed in available source material, and the platform appears to operate as a traditional licensed intermediary rather than a technology-first brokerage.

CGF Bourse generates revenue primarily through brokerage commissions and intermediation fees on securities transactions, with likely additional contribution from management fees on OPCVM and savings product administration. Pricing is not publicly disclosed. The company's value proposition rests on regulatory authorization under CREPMF, multi-asset coverage, and regional reach across the UEMOA single-currency zone, addressing the limited retail access to capital markets for investors in Senegal and neighboring West African economies.

Name

CGF Bourse

Legal name

CGF Bourse

Website

https://cgfbourse.com

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

11–50 employees

Short description

CGF Bourse is a Dakar-based, CREPMF-licensed brokerage (SGI) serving individual and institutional investors in Senegal and the broader UEMOA region with equities, bonds, OPCVM (mutual funds), and savings products, generating revenue primarily through transaction-based brokerage commissions.

Ownership category

akta.pro rank

Headquarters

HQ city

Dakar

HQ country

Senegal

HQ region

Africa

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Brokerage and Intermediation Fees: CGF Bourse generates revenue through brokerage commissions and intermediation fees charged on securities transactions (stocks and bonds) executed on behalf of clients. Additional revenue likely derives from management fees on OPCVM (collective investment vehicles) and savings product administration.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

CGF Bourse is a CREPMF-licensed Société de Gestion et d'Intermédiation (SGI) headquartered in Dakar, Senegal. It provides brokerage, intermediation, and investment services across equities (Actions), fixed-income (Obligations), collective investment schemes (OPCVM), and savings products (Épargne) for retail and institutional clients in the UEMOA region.

Product overview

CGF Bourse operates as a unified financial services platform offering four core investment products: Actions (equities/stocks), Obligations (bonds), OPCVM (mutual funds), and Épargne (savings). As a 'Société de Gestion et d'Intermédiation' licensed by CREPMF, the company provides integrated stock market investment services across Senegal and the broader West African Economic and Monetary Union (UEMOA) region. The portfolio allows clients to access regional capital markets through a single licensed intermediary.

Differentiator

Problem solved

Functional benefit

Products and services

• Actions

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• CREPMF (Conseil Régional de l'Épargne Publique et des Marchés Financiers)coreOthersCGF Bourse operates as a Société de Gestion et d'Intermédiation (SGI) formally authorized and regulated by CREPMF, the regional regulatory authority overseeing public savings and financial markets across UEMOA member states. This licensing relationship is fundamental to the company's authorization to conduct brokerage, portfolio management, and investment intermediation activities.

Scale indicators1 record

Recent moves3 records

Expansion highlights2 records

Regional players

• Afrinvest: Afrinvest is a Nigerian investment management and brokerage firm with West African reach. Comparable as a regional peer offering brokerage, asset management, and research across West African capital markets.
• Chapel Hill Denham: Chapel Hill Denham is a leading Nigerian investment banking and asset management firm. Comparable as a West African capital markets intermediary offering equities, fixed income, and portfolio management services.

Direct peers

• NSIA Bourse: NSIA Bourse is a Côte d'Ivoire-based Société de Gestion et d'Intermédiation also licensed by CREPMF, offering brokerage and intermediation services across the UEMOA region. Directly comparable as a peer CREPMF-regulated SGI serving the same regional investor base.
• BIBE Bourse (SGI-BIBE): BIBE Bourse is the brokerage arm of Banque Internationale pour le Commerce et l'Industrie du Burkina, operating as a CREPMF-licensed SGI in the UEMOA zone. Comparable as a regional licensed intermediary with similar product scope.
• Coris Bourse: Coris Bourse is a Burkina Faso-based brokerage arm of Coris Bank, licensed by CREPMF. Directly comparable as a bank-affiliated UEMOA SGI offering equities, bonds, and OPCVM distribution to regional investors.
• EDC Investment Management: EDC Investment Management is a West African asset management and brokerage firm operating in Côte d'Ivoire and the UEMOA zone. Directly comparable as a regional CREPMF-regulated intermediary offering equities, bonds, and collective investment products.

Broad incumbents

• FBNQuest Securities: FBNQuest Securities is the brokerage and asset management arm of FBN Holdings in Nigeria, with West African operations. Comparable as a broader financial services incumbent offering brokerage and intermediation across African markets.
• Attijari Securities: Attijari Securities is the brokerage arm of Attijariwafa bank, operating across multiple African countries including UEMOA markets. Comparable as a larger, well-capitalized regional incumbent offering similar intermediation and asset management services.
• United Capital Africa: United Capital is a Nigerian diversified financial services group with brokerage, asset management, and investment banking arms serving West Africa. Comparable as a larger multi-product incumbent with overlapping service offerings.
• Société Générale Capital Securities Africa: Société Générale Capital Securities Africa is a pan-African brokerage and capital markets arm operating across multiple African exchanges. Comparable as a broader financial services incumbent with UEMOA presence and similar intermediation services.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat2 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/cgf_bourse
• Facebookfacebook.com/sgicgf
• LinkedInlinkedin.com/company/cgfbourse

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 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 CGF Bourse