Ivory Coast
Charles Kié's SBNA consortium fails to buy CGRAE's shares of Orabank

Ivory Coast
Orabank deal stalls over contested sale price

Vista reached an agreement in August with Emerging Capital Partners to acquire the pan-African banking group Orabank, of which ECP is the main shareholder. But a disagreement over sale price means the deal is yet to be finalised.

The New Guard
Burkina Faso, Kenya, DRCongo

Every Wednesday, Africa Intelligence spotlights a new generation of movers and shakers in business and politics.

Burkina Faso Roland Yago, the financier ranking West African banks

Kenya Shikoh Kihika, an 'artivist' fighting tribalism

DRC Eric Mukuma, afterlife and environmental entrepreneur

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.

Ivory Coast
Ivorian employers' association boss Ahmed Cissé selects his team

To assist him throughout his term at the helm of the CGECI, the businessman has handpicked three figures with close connections to the government.

Ivory Coast
Corruption probe engulfs more banks

An investigation into money laundering involving the Société Générale Côte d'Ivoire, has spread to three other banks in Ivory Coast which are all thought to have been the victim of similar fraudulent schemes.

Gabon
Dismissed in Libreville in its dispute with Orabank, Titane Constructions turns to the CCJA

For two years, the company Titane Constructions has been seeking compensation after the public auction of a piece of land valued at nearly €20m by the bank Orabank. The matter has been referred to the Ohada Common Court of Justice and Arbitration.

Ivory Coast
Money laundering investigation rocks Ivorian banking sector

The Ivorian economic and financial criminal division has for several months been investigating suspected money laundering, amounting to nearly 52 billion CFA francs. The case is as spectacular as it is far-reaching, with Société Générale being the most threatened.

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.

West Africa
Emerging Capital Partners sells off Orabank to Ivorian state

On 14 November, Vincent Le Guennou, one of the two co-directors of the private equity firm Emerging Capital Partners (ECP), [...]