Côte d’Ivoire’s BICICI has undergone another significant shift in its ownership structure. Three years after BNP Paribas withdrew and local investors took over, the Banque nationale d’investissement (BNI) has finalized the sale of its entire stake in the bank. The transaction, completed on July 13, involved transferring its 21.09% ownership to Brandon & Mcain Capital, a firm led by businessman Ahmed Cissé—who also serves as President of Côte d’Ivoire’s private sector confederation (CGECI).

Pending approval from the UMOA Banking Commission, this acquisition will boost Ahmed Cissé’s total share in BICICI to 40.2%, up from his current 19.11% stake. The move marks another step in the bank’s transition toward full Ivorian ownership, reinforcing its role in the country’s financial landscape.

With this deal, Brandon & Mcain Capital solidifies its position as a key player in Côte d’Ivoire’s banking sector, while BICICI continues to adapt to evolving market dynamics under its new leadership.