SGI-BENIN

What SGI-BENIN does

SGI-BENIN S.A is a Beninese financial services firm headquartered in Cotonou that operates as a Société de Gestion et d'Intermédiation (SGI) under CREPMF license N° 15/12/001/97, granted in 1996 when the company was founded. The firm is one of a limited number of WAEMU institutions designated as a Spécialiste en Valeurs du Trésor (SVT) since March 2016, giving it privileged access to UEMOA sovereign debt primary markets. It serves more than 6,000 retail and institutional clients across the UEMOA region and manages over 500 billion FCFA in assets, drawing on 25+ years of operating history under Director General M. Martin S. CODJO.

The company's product stack spans brokerage on the BRVM, custody, portfolio management, investment advisory, financial engineering, and SVT intermediation services, supplemented by two proprietary mutual funds — FCP Saphir Dynamique and FCP Saphir Quiétude — managed through its subsidiary SAPHIR Asset Management. Service delivery combines a Cotonou branch presence with a mobile application, a web portal, and the 'Ecole de la Bourse' investor education program. Named institutional counterparties include UEMOA Member States, BOA Mali, Continental Bank/UBA Benin, and Africaine des Assurances Benin, and recent activity includes distribution of Beninese Treasury bond issuances TPBJ 2025-2032 and TPBJ 2025-2035.

Revenue is generated through management and performance fees on FCP AUM, brokerage commissions on BRVM transactions, custody fees on held assets, advisory and financial engineering fees from institutional mandates, and SVT-related transaction economics on UEMOA sovereign debt. Customer segments span retail investors, financial institutions, insurance companies, and government entities, with the institutional/government layer likely contributing a disproportionate share of revenue despite a numerically large retail tail.

Name

SGI-BENIN

Legal name

SGI-BENIN S.A

Website

https://sgibenin.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

11–50 employees

Short description

SGI-BENIN is a Cotonou-headquartered, CREPMF-licensed brokerage and intermediation firm (since 1996) and UEMOA Treasury bond specialist (since 2016), serving 6,000+ clients with 500+ billion FCFA in assets through brokerage, custody, advisory, and two proprietary mutual funds.

Ownership category

akta.pro rank

Product category

Securities Brokerage & Wealth Management

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231), Investment Banking and Securities Intermediation (523150), Portfolio Management and Investment Advice (523940)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282)

akta.pro industry

PRIMARYBPAHAOAL

Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory)

Business & Public Services/Professional Services (Legal, Accounting, Consulting)/M&A, Transaction & Restructuring Advisory

SECONDARYBPAHAOAE

Equity Capital Advisory (Private Equity Placements, Growth Capital)

Business & Public Services/Professional Services (Legal, Accounting, Consulting)/M&A, Transaction & Restructuring Advisory

SECONDARYFSACAAAI

Equity Capital Markets Advisory (Equity Issuance Strategy & Readiness)

Financial & Insurance/Capital Markets & Securities/Equity Capital Markets (ECM)

SECONDARYFSACABAD

Supranational, Sub-Sovereign & Agency (SSA) Bonds

Financial & Insurance/Capital Markets & Securities/Debt Capital Markets (DCM)

Keywords

• Securities brokerage
• Asset management
• Wealth management
• Investment advisory
• Portfolio management

Headquarters

HQ city

Cotonou

HQ country

Benin

Offices1 record

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. Brokerage Commissions: Stock brokerage services on the BRVM regional stock exchange, earning commissions on securities transactions.
2. Fund Management Fees: Distribution and management of Communs de Placement (FCP) mutual funds, earning fees from fund management.
3. Investment Advisory: Investment advisory and financial engineering services for corporate and government clients.
4. Treasury Securities Services: Specialist in Treasury Values (SVT) services, participating in government bond auctions and issuances as arranger and lead manager.
5. Securities Account Management: Title account management and custody services for client portfolios.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

SGI-BENIN is a brokerage and financial intermediation firm (Société de Gestion et d'Intermédiation) that provides securities brokerage on the BRVM regional stock exchange, distributes mutual funds (FCP Saphir Dynamique and FCP Saphir Quietude), and offers discretionary portfolio management, securities custody, investment advisory, and financial engineering services. The firm also holds Specialist in Treasury Values (SVT) status, enabling it to arrange and lead-manage government bond issuances.

Product overview

SGI-BENIN is a Société de Gestion et d'Intermédiation (brokerage and wealth management company) operating in the UEMOA financial markets. The company offers an integrated suite of financial services centered around its core brokerage platform, which includes securities brokerage, mutual fund distribution (FCP Saphir Dynamique and FCP Saphir Quiétude), discretionary portfolio management, securities account maintenance, investment advisory, and financial engineering. The firm also holds Specialist in Treasury Securities (SVT) status and provides research publications (daily, monthly notes, and research notes). A mobile application enables client access to accounts. SGI-BENIN acts as an arranger and lead manager for bond issuances and IPOs on the regional BRVM market.

Differentiator

Problem solved

Functional benefit

Brands

• FCP Saphir Dynamique: Mutual fund (OPCVM) offered by SGI-BENIN through its subsidiary SAPHIR Asset Management.
• FCP Saphir Quiétude

Products and services

• Courtage en Valeurs Mobilières (Securities Brokerage) Securities brokerage service enabling clients to buy and sell stocks and bonds on the BRVM regional stock exchange.
• Distribution of Mutual Funds (FCP) Distribution service for mutual funds (Fonds Communs de Placement) including SGI-BENIN's proprietary funds Saphir Dynamique and Saphir Quietude.
• Tenue de Compte Titres (Securities Account Management) Securities account maintenance and management service for holding and tracking client investments.
• Gestion sous Mandat de Portefeuille (Discretionary Portfolio Management) Discretionary portfolio management service where SGI-BENIN manages client portfolios based on a mandate.
• Conseil en Investissement Boursier (Stock Market Investment Advisory) Stock market investment advisory services providing guidance on securities investments.
• Ingénierie Financière (Financial Engineering) Financial engineering services including structuring of financial operations, M&A advisory, and LBO structuring.
• Spécialiste en Valeurs du Trésor (SVT) Services Specialist in Treasury securities services, authorized to participate in government bond auctions and act as arranger/lead manager in sovereign bond syndications.
• SGI-BENIN Mobile Application Mobile application available on Google Play Store enabling clients to access their accounts, view portfolios, and engage with brokerage services.
• FCP Saphir Quietude Medium and long-term bond mutual fund (OPCVM) approved by CREPMF (N° FCP/2017-04) targeting stable returns with a 6% minimum annual return objective.
• FCP Saphir Dynamique Mutual fund product offered by SGI-BENIN for investors seeking diversified market exposure.
• Public Offering & IPO Services (APE/OPV) Public offering and IPO services including APE (Appel Public à l'Épargne) for government bonds and stock market introductions for companies.

Quantifiable outcome

• 500+ billion FCFA in assets managed
• +2 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Five partnerships are on record, tiered core.

• Saphir Asset Management (SAPHIR AM)coreChannel Partner/ Reseller/ Distributor · 1 January 2017SAPHIR AM is the asset management company that manages SGI-BENIN's FCP (Fonds Communs de Placement) mutual funds, including FCP Saphir Dynamique and FCP Saphir Quietude. The FCP Saphir Quietude is regulated by CREPMF under N° FCP/2017-04.
• CREPMF (Conseil Régional de l'Epargne Publique et des Marchés Financiers)coreOthers · 1 March 2016CREPMF is the regulatory authority for the UEMOA regional financial market. SGI-BENIN holds license N° 15/12/001/97 as a stock brokerage and management company, and is registered as SVT (Spécialiste en Valeurs du Trésor) since March 2016.
• BRVM (Bourse Régionale des Valeurs Mobilières)coreStrategic or Co-development Partner · 1 January 1997BRVM is the regional stock exchange for the 8 UEMOA countries. SGI-BENIN, as a licensed SGI, has exclusive rights to negotiate listed securities on the BRVM. The company is required to hold at least 40,000,000 FCFA in BRVM capital as part of its licensing.
• DC/BR (Dépositaire Central/Banque de Règlement)coreStrategic or Co-development Partner · 1 January 1997Central Depository and Settlement Bank for the regional financial market. SGI-BENIN holds at least 20,000,000 FCFA in DC/BR capital and uses the infrastructure for securities custody and settlement.
• UEMOA/UMOA Member StatescoreStrategic or Co-development Partner · 1 January 1997SGI-BENIN operates across UEMOA (West African Economic and Monetary Union) countries, facilitating cross-border investment and government bond issuances for member states including Benin, Burkina Faso, Côte d'Ivoire, Mali, Niger, Senegal, Togo, and Guinea-Bissau.

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• EDC Investment Corporation: Ivorian-licensed SGI offering securities brokerage and asset management on the BRVM. Directly comparable to SGI-BENIN as a regional SGI peer with similar product scope and regulatory framework under CREPMF.
• Atlas Capital Markets: Regional brokerage and capital markets firm operating across West Africa. Comparable to SGI-BENIN in providing brokerage, advisory, and capital markets services to corporate and institutional clients in the UEMOA region.
• SGI AFRICABOURSE: Société de Gestion et d'Intermédiation licensed by CREPMF to broker on the BRVM regional exchange. Closely comparable to SGI-BENIN as a fellow SGI providing brokerage, custody, and capital markets services across UEMOA countries.
• CGF Bourse: West African brokerage firm operating on the BRVM with comparable securities intermediation and asset management offerings. Direct competitor to SGI-BENIN for institutional and retail client mandates in UEMOA.

Broad incumbents

• BICICI Bourse (BNP Paribas Group): Brokerage and capital markets arm of BICICI, the Ivorian subsidiary of BNP Paribas. Comparable as a CREPMF-regulated brokerage operating on BRVM, but with deeper capital, broader product suite, and stronger international backing.
• Société Générale Côte d'Ivoire: Ivorian subsidiary of Société Générale with brokerage and capital markets capabilities on BRVM. Comparable to SGI-BENIN as a licensed intermediary, but operates with the resources of a global universal bank and a broader product portfolio.
• NSIA Finances: Pan-African financial services group with brokerage and asset management operations across UEMOA. Comparable to SGI-BENIN in offering capital markets services but with materially greater geographic reach and balance sheet.

Regional players

• Hudson & Cie (Senegal): Senegalese brokerage and asset management firm operating in UEMOA. Comparable to SGI-BENIN as a regional SGI peer, though it primarily serves the Senegalese market rather than Benin.
• Orabank Group: Pan-West African banking group present across UEMOA and CEMAC with brokerage and capital markets capabilities. Comparable to SGI-BENIN in offering regional financial intermediation, though primarily bank-led rather than securities-led.

Emerging players

• United Bank for Africa (UBA) Capital: Capital markets arm of UBA Group, which has existing business relationships with SGI-BENIN (Continental Bank Benin is a UBA subsidiary). Comparable as a regional brokerage peer but with materially larger parent-bank distribution.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/sgi-benin

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-BENIN