Hi there and welcome to Daba’s weekly Next Frontier newsletter.

Here’s a quick preview of today’s newsletter: Tunisia greenlights its first football IPO, BGFI brings banking to BVMAC, Wave raises $137M to expand, and MTN launches a data centre in Nigeria.

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What’s New on Daba?

Investing in Africa’s growing stock markets has never been easier, safer, or more consistent. 

With the launch of Daba Recurring Investment, investors now have access to a simple yet powerful investment strategy known as Dollar-Cost Averaging (DCA). 

This new feature helps users consistently build wealth over time, without worrying about timing the market or reacting emotionally to daily price changes.

We’re excited to announce the launch of Markets Talk, our new podcast for African investors. 

Whether you’re tracking the BRVM, exploring African markets, or just learning the basics, each episode delivers sharp market recaps, deep dives, and bite-sized finance lessons—all in one place.

👉 Listen to our latest episodes and be sure to follow Markets Talk on Spotify, Apple Podcasts, or your favorite platform.

Markets Snapshot

Daba indexes track curated stock collections—all available to invest in directly on the app.

The best-performing BRVM stocks of the week by share price increase—all available to invest in directly on the app.

Data as of 07/04/2025 market close

Four Things You Need to Know

Football finance: Tunisia approved the listing of Taraji Holding, Espérance Sportive de Tunis’s commercial arm, marking the country’s first football club IPO. The offering will float 30.76% of shares and aims to align football with capital market governance, attracting retail investors and opening a new chapter in North African sports financing.

Debt funding: Wave raised $137M in debt led by RMB and DFIs to expand its mobile money footprint across Africa. The Senegal-born fintech, already serving 20 million users, disrupted legacy telcos with low fees and now aims to deepen financial access while scaling infrastructure in new markets.

Cloud pivot: MTN Nigeria completed Phase 1 of a $235M data center, entering the commercial hosting space with a Tier III facility. Designed for AI and IaaS workloads, the centre aims to repatriate cloud spending, offer naira-priced services, and establish MTN as a serious cloud contender in Nigeria.

Bank IPO: BGFI Holding launched a $27.6M IPO on the BVMAC and is set to become the first regional multinational to list on the Central African exchange. The offering aims to strengthen equity, boost subsidiary growth, and introduce corporate governance reforms, marking a turning point for CEMAC’s nascent capital markets.

Headline Roundup

Markets & Finance

• BRVM 30 Index Adds Three New Stocks in Quarterly Rebalance

• Gold, Telcos, Mid-Caps Power JSE’s 14.7% Rally in First-Half 2025

• Gadaa Becomes Second Bank to List on Ethiopian Stock Exchange

• Dangote Postpones IPOs of Fertilizer and Refinery Subsidiaries

Economy & Macro

• Egypt Awards Oil & Gas Blocks Worth $245M to Global Firms

• Mozambique Leader Bets on a Gas Restart to Tackle Debt Woes

• Gold-Backed ZiG Climbs Most This Year as Zimbabwe Reserves Surge

• IMF Sees Nigeria Fiscal Deficit Widening on Lower Oil Income

Corporate & M&A

• Access Bank Tanzania Completes Acquisition of StanChart Retail

• OK Zimbabwe Plans Asset Sales to Raise $10.5M Amid Cash Crunch

• Axian Telecom Reportedly Eyes Potential Takeover of Jumia

• South Africa's Nedbank Considers Selling Stake in Ecobank Group

VC, Startups & Tech

• Moove Nears $1.2B Debt Raise to Fund Fleet Rollout with Waymo

• Complete Farmer Bags $2.5M from EU’s AgriFI to Expand in Ghana

• Liquify Gets $1.5M to Offer Invoice Financing to African Exporters

• Google Selects 15 African AI Startups for Latest Accelerator Cohort

Must-Reads on Daba

• What To Do When Your Stock Portfolio Is Suffering a Loss

• A Comprehensive Guide to Mutual Funds for Beginners

• How to Invest in African Bonds: A Guide for Investors

• Investing in African IPOs: A Beginner’s Manual on How it Works

Chart of the Week

Africa's top stocks are soaring in 2025: Unilever (+184.79%), Sitab (+145.89%), and Filtsac (+109.73%)—just a few of the standout performers driving juicy returns on the BRVM this year.

• SOGB, Saph, Palm: All above +65%

• Strong momentum in FMCG, agro & banking

Missed these gains? Don’t miss H2.

• Africa’s market continues to show strong upside

• Smart capital is already rotating into top sectors

• Timing and information are everything

Download the Daba app today to monitor and invest.

That’s it for today.

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Catch you next week!