The verdict in three sentences
A custom investor relations portal costs 8 to 20 million FCFA in 2026 (about USD 14,000 to 35,000) when built for a company listed on the BRVM in Abidjan, while a comparable build with a New York agency typically runs USD 60,000 to 150,000. The portal centralises regulated disclosures, a secure document room, the financial calendar and preparation of AGM voting, in English and French. It largely pays for itself through lower printing and mailing costs, and it reassures foreign institutional investors.
What the budget covers
The portal can live on a subdomain of the corporate site (investors.yourcompany.com) or as a section of it. Cost depends mostly on the security level of the shareholder area and integration with the registrar.
| Module | 2026 range (FCFA excl. tax) | Content |
|---|---|---|
| Scoping with CFO, legal and communications | 600,000 - 1,200,000 | document list, approval workflows |
| Bilingual EN/FR design and accessibility | 1,200,000 - 2,500,000 | IR templates, key figures, share price charts |
| Regulated disclosure library | 1,500,000 - 3,500,000 | financial statements, press releases, timestamped publication |
| Financial calendar and email or SMS alerts | 700,000 - 1,500,000 | results, AGM, dividends, automatic reminders |
| Secure shareholder area (two-factor authentication) | 2,000,000 - 5,000,000 | statements, notices, written questions |
| AGM voting and proxy module | 1,500,000 - 4,500,000 | remote voting where the articles allow it |
| Share price feed and market data | 500,000 - 1,800,000 | price, volume, market capitalisation |
| Total | 8,000,000 - 20,000,000 (USD 14,000 - 35,000) | maintenance 1.2 to 3 million FCFA per year |
For BRVM issuers, remote voting relies on the OHADA Uniform Act on commercial companies, which allows participation by videoconference or telecommunication when the articles of association provide for it. In New York, the equivalent framework is state corporate law and SEC proxy rules. Legal review is essential before launching this module.
Disclosures the portal must cover
Regulators (AMF-UMOA and BRVM rules in West Africa, the SEC in the US) require regular publication. The portal provides timestamped proof of dissemination.
| Information | Frequency | What the portal must offer |
|---|---|---|
| Audited annual financial statements | annual | downloadable PDF, at least 5-year archive |
| Half-year financial statements | semi-annual | published within regulatory deadlines |
| Quarterly activity indicators | quarterly | comparative key figures table |
| Press releases and inside information | as needed | immediate, timestamped publication |
| AGM notice and documents | annual and ad hoc | dedicated area, proxy form |
| Dividend announcement and calendar | annual | net amount per share, payment date |
| Governance (board, committees, reports) | ongoing | bios and reports in EN and FR |
Custom build or international platform
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| Criterion | Section on corporate site | Custom portal | International IR platform |
|---|---|---|---|
| Upfront cost | 2.5 - 5 million FCFA | 8 - 20 million FCFA | 3 - 8 million FCFA |
| Annual cost | 600,000 FCFA | 1.2 - 3 million FCFA | USD 10,000 - 30,000 |
| BRVM data built in | no | yes | rarely |
| Secure shareholder area | no | yes | paid option |
| AGM voting | no | yes | option, designed for other jurisdictions |
| Local payments (Wave, Orange Money) for shareholder services | no | possible | no |
Mini case study
Mrs Kouassi, CFO of an agro-industrial company listed on the BRVM in Abidjan, manages 3,200 individual shareholders. Each AGM costs about 2,500 FCFA per shareholder in printing and mailing, i.e. 8,000,000 FCFA. With a portal at 14,000,000 FCFA (about USD 24,500) and 70% of shareholders opting into electronic notices, savings reach 5,600,000 FCFA a year. Add about 20 days of manual work saved for the team, worth 1,500,000 FCFA. The portal pays for itself in under 2 years, with a stronger image among foreign funds as a bonus. The same scope quoted by a New York agency would start around USD 60,000.
FAQ
How much does an investor relations portal cost? Between 8 and 20 million FCFA (USD 14,000 to 35,000) for a build delivered from West Africa, versus USD 60,000 to 150,000 with a New York agency. Maintenance runs 1.2 to 3 million FCFA per year.
Does the portal replace official exchange filings? No, it complements the official channels of the exchange and the regulator. It guarantees permanent, timestamped access to the same documents, 24 hours a day.
Can shareholders vote online at the AGM? Yes if the articles of association allow it; for BRVM issuers this follows the OHADA Uniform Act revised in 2014. The module costs 1.5 to 4.5 million FCFA depending on identity verification.
Why a bilingual portal? Foreign funds hold a growing share of the free float of BRVM stocks. An English version adds about 15 to 20% to the content budget.
How long does launch take? Allow 10 to 14 weeks, ideally finished 2 months before the AGM. The voting module can be delivered in a second phase.
Let's scope your project. Share your financial calendar, shareholder count and voting requirements: we quote a portal between 8 and 20 million FCFA (USD 14,000 to 35,000), delivered in 10 to 14 weeks. Detailed quote within 48 h. WhatsApp +221 77 596 93 33.
Mohamed Bah
Fondateur, Kolonell
Passionate about digital and entrepreneurship in Africa, Mohamed has been helping Sénégalese businesses with their digital transformation since 2020. Founder of Kolonell, he believes every SME deserves a professional and accessible online présence.
