BICICI

Ivory Coast
WAEMU regulator holds off on BNI's sale of BICICI stake to Brandon & Mcain

The Banque Nationale d'Investissement's sale of its stake in BICICI to the bank controlled by Ahmed Cissé has still not been given the go-ahead by the regional regulator. The buyer's profile and the terms under which the public institution disposed of its share are fuelling speculation.

Palace Intrigues
Denis Sassou-Nguesso, Nadia Fettah, Rachida Dati

Intrigues big and small – every Thursday, Africa Intelligence takes a peek into the corridors of power in Africa and beyond.

Republic of CongoSassou hosts VIP bankers in Oyo stronghold

MoroccoReluctant Nadia Fettah reappointed finance minister

MadagascarRachida Dati clashes with collections curator over royal relics

Ivory Coast
French bank Société Générale speeds up its Ivorian exit

MD Slawomir Krupa hopes the sale of its Ivorian subsidiary can be completed before the presidential election of October 2025.

Ivory Coast
Cotton king Koné Daouda Soukpafolo set to acquire Versus Bank

The Ivorian businessman who heads up EKDS is finalising his bid to buy the state-owned Versus Bank.

Ivory Coast
Ouattara tasks Hamed Cissé with developing banking sector strategy

The employers' federation boss will be looking at ways of boosting the sector.

Ivory Coast
BICICI boss hires banker Charles Kié

Chairman Ahmed Cissé has recruited the former Ecobank executive to revamp the strategy of the partly state-owned Banque Internationale pour le Commerce et l'Industrie de Côte d'Ivoire.

Ivory Coast
Abidjan refuses Endeavour's second bid for SODEMI stake in Ity mines

The Ivory Coast vice-president's office has dashed the hopes of Endeavour Mining boss Sébastien de Montessus by rejecting his offer of €27m to buy SODEMI's 5% stake in the Ity gold mines. Abidjan is after much more.

Ivory Coast
BICICI's new shareholders appoint their Ivorian directors

Each of the BICICI's new Ivorian shareholders has appointed two or three directors to represent it on the bank's newly constituted board.

Ivory Coast
BNP Paribas pulls out of Ivory Coast

BNP Paribas's management will leave is Ivorian branch Banque Internationale pour le Commerce et l'Industrie de Côte d'Ivoire (BICICI) on 15 February, after it was purchased by the Ivorian state in September.

Africa, France
After BNP, Société Générale ponders sale of African subsidiaries

Having being hit hard by American and European sanctions against Russia, where it owns Rosbank, the French bank Société Générale has, like BNP Paribas, begun to consider a possible withdrawal from Africa.

Ivory Coast
Ivorian state to make surprise bid for BICICI's sale

Private investors keen to purchase shares in the capital of French bank BNP Paribas's lucrative subsidiary in Ivory Coast, the Banque Internationale pour le Commerce et l'Industrie de Côte d'Ivoire (BICICI), are readying themselves for battle.

Gabon
Gabon tussles with IMF over loan programme

Gabon, which is due to start repaying $2bn worth of eurobonds next year, equivalent to 5% of the country's GNP, is struggling to agree the terms of a new programme with the IMF and has turned to regional banks.