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.
Two West African moguls are poised to make an offer to buy French bank BNP Paribas' lucrative subsidiary in Ivory Coast, the Banque Internationale pour le Commerce et pour l'Industrie de Côte d'Ivoire (BICICI), in what promises to be a bitter battle for its aquisition.
Currently without a sovereign fund, for several years Ivory Coast has been using various pension funds for its strategic investments. Newly elected for a third presidential term, Alassane Ouattara has asked Rothschild bank to furnish the country with the financial instrument it is lacking.