BNP-Paribas

Ivory Coast
BICICI's new shareholders appoint their Ivorian directors

Each of the BICICI's new Ivorian shareholders has appointed two or three directors to represent it on the bank's newly constituted board.

Ivory Coast
BNP Paribas pulls out of Ivory Coast

BNP Paribas's management will leave is Ivorian branch Banque Internationale pour le Commerce et l'Industrie de Côte d'Ivoire (BICICI) on 15 February, after it was purchased by the Ivorian state in September.

Algeria
Algiers continues to curb access to new foreign banks

As has been the case for the past fifteen years, the annual list of banks approved of by Algiers does not feature any foreign newcomers. The situation, which is down to lack of political will and an uncompetitive business environment, does not look likely to change.

Burkina Faso, Ivory Coast
Kaboré aides reinvent themselves in Abidjan finance

Vista Bank boss Simon Tiemtoré has invited two men who advised the former Burkinabe president to join him in Ivory Coast's economic capital.

The New Guard
Senegal, DR Congo, Ethiopia and Egypt

Every Wednesday, Africa Intelligence reveals the next generation of movers and shakers in business and politics.

SenegalFatou Sagna Sow, the "Macronist" prepping "Mimi" Toure for 2024

DR CongoAlda Kule Dale, Nicolas Kazadi's financial adviser

EthiopiaAmrote Abdella, Africa's contact for Amazon Web Services

EgyptAhmed Zahran, a PPA pioneer

Africa
Monaco Resources' eventful summer

Already at odds with one of its partners in Guinea, as well as with one of its co-shareholders in Congo, the Monaco Resources group has recently found itself the target of a scathing report sent to all of the group's government partner across Europe and Africa.

Spotlight | Africa
Afreximbank, Standard Bank and French banks among last financiers of hydrocarbons in Africa

More and more banks, caught between the hammer of oil companies and the anvil of NGOs, are turning their backs on fossil fuel projects in Africa. Only a handful are still showing support for the sector.

Libya, Tunisia
Central banks of Libya and Tunisia keep it in the family

The governor of the Libyan central bank has given his Tunisian counterpart's wife a seat on the board of one of the bank's Italian subsidiaries.

Spotlight | Africa, Mozambique
Benedict Peters' Aiteo takes a tumble in bid for Mozambique oil

Nigerian businessman Benedict Peters is struggling to establish himself in oil and mining on the continent. He has just been turned down in Mozambique.

West Africa
Burkinabe business leaders in three-way fight for Orabank

Orabank's re-entry into the market has resulted in three Burkina Faso business leaders battling it out to buy the Togo-based regional banking group.

Africa, France
After BNP, Société Générale ponders sale of African subsidiaries

Having being hit hard by American and European sanctions against Russia, where it owns Rosbank, the French bank Société Générale has, like BNP Paribas, begun to consider a possible withdrawal from Africa.

Ivory Coast
Ivorian state to make surprise bid for BICICI's sale

Private investors keen to purchase shares in the capital of French bank BNP Paribas's lucrative subsidiary in Ivory Coast, the Banque Internationale pour le Commerce et l'Industrie de Côte d'Ivoire (BICICI), are readying themselves for battle.

Uganda
Lack of funds keeps TotalEnergies evasive on Uganda-Tanzania pipeline

TotalEnergies is being tight-lipped about the Lake Albert crude development project and the export pipeline to Tanzania, refusing to confirm whether a final investment decision has been signed.

Tunisia
Iveco and BNP Paribas keep army trucking along

After six years of consultations, the Tunisian army has put in an order for 500 Magirus 4x4 and 6x6 trucks from Iveco for a total of €62m.