Côte d’Ivoire’s financial landscape continues to evolve as the ownership structure of the Banque internationale pour le commerce et l’industrie de Côte d’Ivoire (BICICI) undergoes significant changes. Three years after BNP Paribas exited the institution, transitioning control to Ivorian stakeholders, another pivotal shift has occurred. On July 13th, the Banque nationale d’investissement (BNI) finalized a deal with Brandon & Mcain Capital to divest its entire stake in the bank.
Ahmed Cissé, founder of the investment firm and current head of the Confédération générale des entreprises de Côte d’Ivoire (CGECI), has acquired the 21.09% stake previously held by BNI. Pending approval from the Commission bancaire de l’UMOA, this acquisition will elevate his total ownership to 40.2%, up from his current 19.11% share.