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Gabon’s BGFIBank stock sale flops as investors shun Central Africa’s thin markets

Taxi bus Libreville, Gabon. Photo @ Unsplash
Taxi bus Libreville, Gabon. Photo @ Unsplash

Brandon Orion Mensah

Brandon Mensah tracks Africa’s markets, uncovering the forces shaping investment, policy, and financial trends.
  • BGFI IPO raises $74mn but misses target by 80bn CFA francs
  • Weak institutional demand highlights limits of Central Africa’s stock market

 

LIBREVILLE, GABON – BGFI Holding Corporation of Gabon raised 45.3bn CFA francs ($74mn) in its long-awaited initial public offering, falling far short of its target and exposing the fragility of Central Africa’s stock market.

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