BGFI Holding Opens FCFA 80.6B Share Offering Phase Two

In Short

• BGFI Holding Corporation has opened the second phase of its capital increase by public offering.
• The offer runs from 15 September to 15 October 2026.
• The company targets FCFA 80.558 billion by issuing 1,006,975 new shares.
• The move is designed to raise the public free float from 3.85% to 10%.

What Happened

BGFI Holding Corporation opened phase two of a public capital increase on 15 September 2026. BGFI Holding Corporation is the parent company of BGFIBank Group, which operates across 12 countries.

A “capital increase by public offering” means the company is creating and selling new shares to investors, rather than selling existing shares held by current owners. The offer period runs through 15 October 2026.

The transaction plans to issue 1,006,975 new shares. The subscription price stays at FCFA 80,000 per share. The minimum subscription is 10 shares, which equals FCFA 800,000.

BGFI says the goal is to increase its public free float to 10%, up from 3.85% today. Free float is the portion of shares available for public trading, which often affects liquidity, meaning how easily investors can buy or sell without moving the price too much.

The offer targets FCFA 80.558 billion. The first phase, launched in November 2025, raised FCFA 45.325 billion and brought in 7,601 investors from 24 countries, according to the company.

BGFI said the raise supports its “BGFI 2030” strategic plan and longer-term growth. The company named BGFIBourse and EDC Bourse as lead arrangers, and said the transaction is registered with COSUMAF.

Why It Matters

For regional capital markets, a larger free float can make BGFI shares easier to trade and potentially more attractive to institutional investors who need liquidity.

For the banking group, new equity capital can strengthen regulatory buffers and provide room to fund expansion, invest in new products, or pursue opportunities across its markets.

For founders and operators watching African financial infrastructure, the deal is another signal that established banking groups are leaning more on public markets to finance growth, not just retained earnings and private placements.