How Daba Pro Helped Investors Beat the Market in 2024

4 min Read February 1, 2025 at 9:15 PM UTC

Last year, our stock recommendations to Daba Pro subscribers delivered strong returns, showing the value of informed decision-making in African capital markets.

Navigating African stock markets can be challenging due to limited access to reliable data, fewer analysts covering the region, and lower liquidity compared to global markets. This makes it difficult for investors to identify high-potential opportunities.

Daba Pro helps investors overcome these challenges by providing expert-curated stock recommendations, research, and insights.

In 2024, our stock picks delivered strong returns, showing the value of informed decision-making in African capital markets. Here’s how some of them performed, listed in no order:

Top Performing Stock Picks

1. Sonatel (SNTS)

Sonatel is a leading telecom provider in West Africa, operating in Senegal, Mali, Guinea, and Sierra Leone. It has strong market dominance and steady revenue growth.

Initial Price: 17,000 FCFA ($26.91 | €25.92)
Target Price: 19,600 FCFA ($31.02 | €29.88)
Date Called: 2-Feb-24
Date Reached: 9-Jul-24
Gain: 15.29%

2. Societe Generale (SGBC)

SocGen is a major bank in West Africa, providing retail and corporate banking services across the region.

Initial Price: 15,905 FCFA ($25.17 | €24.25)
Target Price: 18,690 FCFA ($29.58 | €28.49)
Date Called: 2-Feb-24
Date Reached: 28-May-24
Gain: 17.51%

3. Nsia Banque (NSBC)

Nsia Banque is a growing financial institution focusing on retail and SME banking.

Initial Price: 5,760 FCFA ($9.12 | €8.78)
Target Price: 7,700 FCFA ($12.19 | €11.74)
Date Called: 2-Feb-24
Date Reached: 28-Oct-24
Gain: 33.68%

4. BOA Senegal (BOAS)

BOA Senegal is a key player in the West African banking sector, offering a range of financial services.

Initial Price: 3,400 FCFA ($5.38 | €5.18)
Target Price: 4,140 FCFA ($6.55 | €6.31)
Date Called: 2-Feb-24
Date Reached: 29-Jul-24
Gain: 21.76%

5. BOA Côte d’Ivoire (BOAC)

BOA Côte d’Ivoire is a subsidiary of Bank of Africa, benefiting from regional expansion.

Initial Price: 6,950 FCFA ($11.00 | €10.60)
Target Price: 8,550 FCFA ($13.53 | €13.03)
Date Called: 2-Feb-24
Date Reached: 30-Sep-24
Gain: 23.02%

6. SMB (SMBC)

SMB is a financial institution with strong growth and solid returns for investors.

Initial Price: 9,990 FCFA ($15.82 | €15.23)
Target Price: 13,410 FCFA ($21.23 | €20.44)
Date Called: 2-Feb-24
Date Reached: 23-Aug-24
Gain: 34.23%

More so, our top three BUY recommendations—Sonatel (+33.3%), SocGen (+32.1%), and Nsia Banque (+20.2%)—delivered exceptional gains, surpassing key indexes like the S&P 500 (+23.0%), China (+13.2%), and the Euro Stoxx 50 (+9.1%).

These results underscore the power of targeted insights and strategic stock selection in African markets.

What is Daba Pro?

Daba Pro is a premium investment service that provides investors with the information and tools needed to navigate African markets.

What Daba Pro Offers:

✅ Weekly Stock Picks – Expert-vetted stock recommendations
✅ Exclusive IPO Analysis – Early access to key IPOs
✅ Reports & Research – In-depth financial analysis and forecasts
✅ Prioritized Customer Support – Personalized assistance
✅ Reduced Transaction Fees – Up to 50% off trading fees

Subscription Plans & How to Get Started

Daba Pro offers flexible plans:

3 Months – $14.49
6 Months – $27.49 (10% discount)
1 Year – $49.99 (2 months free, 16.67% discount)

Subscribe today to start making informed investment decisions. Click here to get started

BOAC

BRVM

daba

Daba Pro

dabafinance

dividends

Emerging markets

Equities

invest in africa

investing in africa

Nigeria

NSIA

personal finance

Returns

SMB

Societe Generale CI

Sonatel

stocks

Stocks Investing

This material has been presented for informational and educational purposes only. The views expressed in the articles above are generalized and may not be appropriate for all investors. The information contained in this article should not be construed as, and may not be used in connection with, an offer to sell, or a solicitation of an offer to buy or hold, an interest in any security or investment product. There is no guarantee that past performance will recur or result in a positive outcome. Carefully consider your financial situation, including investment objective, time horizon, risk tolerance, and fees prior to making any investment decisions. No level of diversification or asset allocation can ensure profits or guarantee against losses. Articles do not reflect the views of DABA ADVISORS LLC and do not provide investment advice to Daba’s clients. Daba is not engaged in rendering tax, legal or accounting advice. Please consult a qualified professional for this type of service.