During 3Q FY24, Texaf's rental income (residential + commercial) came in at €6.7m, up 16.0% on a YoY basis – the increase in rental income was mainly driven by the renting our 2 major projects ‘Promenade des Artistes' and Phase 3 of Silikin Village which became available during July'24. We note that during Oct'24, Texaf announced that it had sold 49.0% of Petit-Pont for total proceed of €5.4m of which €2.7m was capital gains which will not show on the consolidated financials of Texaf due to Texa...
1M Performance - Absolute: During Oct'24 (1M period), the KBCS Holdings Universe posted a return of -2.5% which was mainly driven by single-asset holdings (-2.8%) while multi-asset holdings posted a slightly less negative return of -2.3%. The 3 top performers during the period were Financière de Tubize (+6.7%), D'Ieteren Group (+4.5%), and Solvac (+2.8%) while the 3 worst performers were Sofina (-11.4%), Gimv (-9.8%), and Compagnie du Bois Sauvage (-6.3%). YTD Performance - Relative: On a YTD ...
Texaf announced that Congolese insurer SFA Congo and African Rivers Fund IV LP (XSML Capital) have each invested €2.695m and have acquired 49% of the Petit-Pont building in exchange for €5.39m. The transaction generated a capital gain of €2.7m but due to the building being fully consolidated (51% with Texaf), this capital gain will not be reflected in the consolidated accounts. Texaf will continue to manage the building on behalf of the consortium. We see this partial divestment as validation of...
1M Performance - Absolute: During Sept'24 (1M period), the KBCS Holdings Universe posted a return of -0.2% which was mainly driven by multi-asset holdings (-1.2%) while single-asset holdings posted a positive return of 2.0%. The 3 top performers during the period were Sofina (+15.3%), Financière de Tubize (+8.4%), and Brederode (+7.2%) while the 3 worst performers were Exor (-4.4%), Compagnie du Bois Sauvage (-5.5%), and D'Ieteren Group (-7.2%). YTD Performance - Relative: On a YTD basis (as o...
Texaf has invested €250K as part of Afriwise's in its latest financing round. Afriwise is an AI-driven legal platform for African and Middle Eastern markets. Afriwise will establish a team who will work out of Silikin Village and will focus on expanding the company's database of African laws and regulations. Additionally, ST Digital, a leading African cloud services provider, will expand in the DRC by partnering with the OADC Texaf – Kinshasa data centre. This will help ST Digital cater to the g...
1M Performance - Absolute: During July'24 (1M period), the KBCS Holdings Universe posted a return of 0.5% which was mainly driven by multi-asset holdings (+1.7%) while single-asset holdings posted a negative return of -1.3%. The 3 top performers during the period were HAL Trust (+5.1%), Texaf (+2.9%), and The Infrastructure Company (TINC, +9.6%) while the 3 worst performers were Brederode (-2.8%), Solvac (-5.3%), and Whitestone Group (-7.2%). YTD Performance - Relative: On a YTD basis (as of A...
Rental revenue came in at €12.5m, up 9.4% thanks to the launch of a portion of the project ‘Promenade des Artistes' of which 69 apartments (85%) were let during 1H. On a like-for-like basis, rental revenue grew by 3.8% while achieving almost full occupancy (97%). During 1H, Silikin Village Phase III (6,000sqm of furnished offices) was also made operation and 95% of private office spaces have been let already. Despite a difficult market, Carrigres booked revenues of €2.8m, up 2.5% compared to pre...
Texaf : PROGRESSION DU RESULTAT OPERATIONNEL RECURRENT DE 4,1% LIVRAISON DES TROIS GRANDS PROJETS DU GROUPE : PROMENADE DES ARTISTES, SILIKIN VILLAGE III ET OPEN ACCESS DATA CENTRES TEXAF DIGITAL RAPPORT DE GESTION INTERMEDIAIRE Pièce jointe
Texaf : L'économie numérique de la RDC se trouve dynamisée par la mise en service du premier data centre Tier-III du pays. Son accès est ouvert et neutre à l’égard des opérateurs. OADC Texaf Digital - Kinshasa, RD Congo Pièce jointe
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