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

Here’s a quick preview of today’s newsletter: Africa launched a homegrown cross-border payment card, Movis exited the BRVM, GTCO listed in London with a $100M raise, and Nairobi welcomed its first listing in years.

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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.

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 07/11/2025 market close

Listen to the latest episode of our MarketsTalk podcast for a full recap of what happened on the BRVM market in the past week and where to look in the week ahead.

Four Things You Need to Know

Card sovereignty: Africa launched PAPSSCARD, its first pan-African retail payment system, aiming to reduce reliance on Visa and Mastercard. The card will process cross-border transactions locally, cutting fees and boosting data control in a move that signals a push toward economic independence and intra-African trade efficiency under AfCFTA.

Delisting exit: Movis Côte d’Ivoire was delisted from the BRVM after its parent, Movis International, acquired the remaining public shares at CFA 40,000 each. Losses nearing CFA 12B over three years, thin trading, low float, and high listing costs led Movis to abandon the market. That makes AGL the only logistics stock on the bourse.

London leap: GTCO Holdings began trading on the LSE, becoming the first Nigerian bank to list ordinary shares in London directly. A $100M capital raise accompanied the listing to meet new regulatory thresholds and boost global investor reach while aligning with Nigeria’s banking recapitalization drive.

Nairobi revival: Kenya’s NSE ended a five-year drought with Shri Krishana Overseas Ltd’s direct listing on the SME board. The company listed 50.5M shares, unlocking shareholder liquidity without raising new capital. SKOL’s debut hinted at revived market interest in local manufacturing stocks, though capital market reforms and IPO pledges remain largely unfulfilled.

Headline Roundup

Markets & Finance

• Nigerian Brewery Stocks Surge in 2025 as Profits Return

• Tanzania’s CRDB Lists $65.7M Green Bond in Luxembourg

• NGX 30 Index Drops Conoil & Julius Berger in Reshuffle

• National Bank of Malawi Declares Big Dividend on $58M Profit

Economy & Macro

• Central Banks in Africa Weigh Policy Options Amid Trump’s Tariffs

• Africa Ends Decade of Debt Distress With Mozambique Spread Fall

• Ghana’s Ruling Party Cements Power With Super-Majority Win

• Kenya Plans IPO for State-Owned Pipeline Firm in Privatization Push

Corporate & M&A

• e&-Backed Nawy Acquires Stake in SmartCrowd to Enter GCC Market

• DStv Hikes Prices in Kenya, Cuts Mobile Rates as User Losses Mount

• Roqqu Buys Kenya’s Flitaa in Intra-African Crypto M&A Deal

• Stitch Acquires Efficacy Payments to Offer Direct Card Acquiring

VC, Startups & Tech

• SA-Founded Cerebrium Gets $8.5M for Serverless AI Infra

• Moroccan Founder Raises $4.2M for YC-backed AI Startup

• Seedstars to Co-Manage SECO Fund With $6.3M to Deploy

• Kenya’s Leta Expands to Ghana Following $5M Seed Round

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!