BGFI Holding busts BVMAC equity market capitalization

BGFI Holding Corporation officially joined the premium segment of the Central African Stock Exchange (BVMAC) on May 7, giving the regional market its biggest transformation in years. The parent company of banking group BGFI Bank became the seventh company listed on the equity segment of the Douala-based exchange, which serves the six countries of the CEMAC bloc: Cameroon, Gabon, Congo, Chad, Equatorial Guinea and the Central African Republic. The impact was immediate. BVMAC’s equity market capitalization jumped from CFA479 billion at the previous day’s close to CFA1.658 trillion after the listing, an increase of more than 246%. “BHC has tripled…