Africa Diamond Invest Wins WAMU Brokerage Licence
The Lomé-based firm becomes Togo's second licensed brokerage and the 38th in the West African Monetary Union region.
Updated on Nov. 5, 2026 in Investing
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Africa Diamond Invest received a brokerage and investment management licence from the WAMU Financial Markets Authority, which announced the decision on November 2. The company, backed by Afriland First Holding and holding 1 billion CFA francs in share capital, is the second licensed brokerage firm in Togo.
Why it matters
The licence allows the firm to open securities accounts, execute trades, hold securities in custody, and manage portfolios across the regional market. It adds to a growing number of licensed intermediaries in the WAMU region, where investment services have been concentrated in Côte d'Ivoire.
The WAMU Financial Markets Authority issued the licence in late October 2026 and announced it on November 2, adding Togo's second licensed brokerage to the 38 in the region. Côte d'Ivoire hosts 17 of those 38 firms, and the company's operating capital and client volumes beyond Togo have not been disclosed.
The players
WAMU Financial Markets Authority
The regional securities regulator for the eight-member West African Monetary Union that licenses and supervises brokerage and investment firms across the bloc.
Afriland First Holding
A financial group that backs Africa Diamond Invest and has a presence in West African banking and financial services.
The details
Africa Diamond Invest completed legal incorporation before a notary in Lomé on May 17, 2025, and officially launched operations in June 2026. The company plans to offer brokerage and asset management services across eight West African markets, with Fondjo Guy Laurent serving as chairman and Kwenda Feutat Simplot as chief executive.
Timeline
May 17, 2025: Legal incorporation completed before a notary in Lomé.
June 2026: Official launch of operations.
Late October 2026: WAMU regulator issues the licence.
November 2, 2026: Regulator announces the licence decision.
Market Landscape
The licence adds a second Togolese brokerage to the WAMU regional market, where Côte d'Ivoire hosts 17 of the 38 licensed firms. It positions Africa Diamond Invest to compete for regional investment flows across the eight-country bloc.
Investors in the WAMU region gain an additional licensed brokerage option, which can affect access to securities accounts and trading services. The extraction does not confirm fee structures or account minimums for clients.
The takeaway
Expanding licensed brokerage options can broaden access to regional securities markets, but investors should review service terms and regulatory status before opening accounts.
Further reading
Explore more on Investing to see how regional brokerages are reshaping access to West African markets.
Source note: This article includes information reported by Ecofin Agency.
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