Lilium Capital

Ivory Coast
Tycoon Tiemtoré fails in bid to buy Novamed hospital group

Lilium Capital, headed by Burkina Faso businessman Simon Tiemtoré, failed to convince Novamed's co-founders that it had sufficient financial backing.

West Africa
Tycoon Simon Tiemtoré hoping to buy stake in Novamed healthcare group

Simon Tiemtoré, a US businessman from Burkina Faso and founder of Lilium Capital, pan-African banking conglomerate Vista Bank's holding company, has entered into negotiations to buy the Novamed healthcare group.

West Africa
Two Vista Bank mainstays exit group

The pan-African banking group has just lost two of its mainstays: Stéphane Ouédraogo and Thierry Hott. Ouédraogo and Hott are both well-connected in the sub-region, and had shared their contacts with Vista Bank.

Burkina Faso
Behind the scenes of tycoon Simon Tiemtoré's reconciliation with Endeavour Mining

On 26 August, Lilium Capital and Canadian mining group Endeavour finalised an agreement to transfer to the state the Boungou and Wahgnion gold mines, at the heart of their dispute since June 2023. The deal had been discussed since May, under the close supervision of the junta.

Ivory Coast
Vista's takeover of Oragroup encounters fresh problem

Although the parties reached agreement on the transaction last year, the sale of the pan-African banking group has been suspended. One of the parties failed to provide the requisite documents on time.

Burkina Faso
Simon Tiemtoré sets up gold mining task force

The American-Burkinabe businessman, who acquired the Boungou and Wahgnion gold mines last June and who until then had mainly been active in finance and agribusiness, has put together a close-knit team to develop his mining interests.

Burkina Faso
Boungou gold mine far from recovery

The mine bought by Simon Tiemtoré's Canadian company Lilium Mining in 2023 has ground to a halt because of ongoing militant attacks on fuel deliveries.

Palace Intrigues
Emmanuel Macron, Brice Clotaire Oligui Nguema, Dan Gertler, Faustin-Archange Touadéra

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

FranceMacron's new ‘Mr Africa' to start in January

GabonOmer Laviv, Dan Gertler's go-between with Oligui Nguema

Central African RepublicRussian deputy defence minister misses Touadéra on Bangui stopover

LibyaParis embassy diplomat chastised by Quai d'Orsay

Congo
US fund Lilium Capital prepares billion-dollar investment in Congo

American fund Lilium Capital is finalising the details of an investment of nearly a billion dollars in the country, alongside Afreximbank and Ecobank.

Burkina Faso
Endeavour's sale of gold mines to Simon Tiemtoré marred by tax debt

For the past two years, Burkina Faso customs have been demanding more than €90m for the Boungou and Wahgnion mines, which Endeavour Mining has sold to Simon Tiemtoré of Lilium Capital without disclosing the debt.

Congo
Congo and Equatorial Guinea oppose Vista takeover of Société Générale subsidiaries

Société Générale announced on 8 June that it was selling its Congolese and Equatorial Guinean subsidies to the Burkina Faso company Vista Group. But Brazzaville has already said it will preempt the sale and Malabo may follow suit.

Burkina Faso, Ivory Coast
Kaboré aides reinvent themselves in Abidjan finance

Vista Bank boss Simon Tiemtoré has invited two men who advised the former Burkinabe president to join him in Ivory Coast's economic capital.

Guinea
Financial intermediary Lilium Capital targets opportunities in agriculture

Best known in Guinea for its banking activites, financial intermediation specialist Lilium Capital, which works out of New York and Burkina Faso, is looking at projects in agriculture, a sector getting strong support from President Alpha Condé.

West Africa
Alpha Condé complicates sale of BNP Paribas network

The French bank has shortlisted two candidates to take over its subsidiaries in Mali, Burkina and Guinea, but one of the two firms is not to the liking of a wary Guinean government.

Burkina Faso
Idrissa Nassa wants a piece of BCB

In referring to ‘a banking group with experience in west [...]