Ahmed Cissé secures 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 purely Ivorian ownership, the Banque nationale d’investissement (BNI) has finalized an agreement with Brandon & Mcain Capital to sell its entire stake in the institution. The deal, signed on July 13, marks a significant shift in the bank’s governance.

Under the terms of the transaction, Ahmed Cissé, founder of Brandon & Mcain Capital and also the president of Côte d’Ivoire’s private sector federation (CGECI), will acquire BNI’s 21.09% shareholding in BICICI. Pending approval from the UMOA Banking Commission, this acquisition will elevate his total stake to 40.2%, up from his current 19.11% holding.