Following a strategic restructuring of its ownership, the Banque internationale pour le commerce et l’industrie de Côte d’Ivoire (BICICI) has seen a significant shift in its shareholding structure. In a landmark deal finalized on July 13, the Banque nationale d’investissement (BNI) has officially transferred its entire 21.09% stake in the bank to Brandon & Mcain Capital, an investment firm led by Ahmed Cissé.

Once the Commission bancaire de l’UMOA grants its approval, Ahmed Cissé’s firm will hold a commanding 40.2% of the bank’s capital and voting rights, up from his current 19.11%. This acquisition solidifies his position as the largest individual shareholder in Côte d’Ivoire’s commercial banking sector, marking a pivotal moment in the country’s financial landscape.

The transaction underscores the ongoing consolidation of local ownership in the Ivorian banking industry, following the earlier exit of BNP Paribas three years ago. The move not only reshapes the governance of BICICI but also highlights the growing influence of domestic investors in driving economic decisions.