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

Ahmed Cissé, founder of the investment firm and president of Côte d’Ivoire’s private sector federation (CGECI), acquires the 21.09% stake previously held by the BNI. Pending approval from the Commission bancaire de l’UMOA, this acquisition will elevate his total shareholding to 40.2%, up from his current 19.11%.