Ahmed Cissé gains majority stake in Côte d’Ivoire’s BICICI bank

The shareholding structure of the Banque internationale pour le commerce et l’industrie de Côte d’Ivoire (BICICI) continues to evolve. Three years after BNP Paribas exited and the bank transitioned to entirely Ivorian ownership, the Banque nationale d’investissement (BNI) finalized an agreement on July 13 with Brandon & Mcain Capital to divest its entire stake in the institution.

Under the terms of this transaction, the investment firm led by Ahmed Cissé—who also serves as president of Côte d’Ivoire’s private sector federation (CGECI)—acquires the 21.09% stake previously held by BNI. Pending approval from the West African Monetary Union’s Banking Commission, this acquisition will elevate Ahmed Cissé’s total shareholding to 40.2%, up from his current 19.11%.