Sunu Finance group has pulled out as main shareholder from Cote Ivoire’s trade and industry bank BICICI now controlled by a State-run consortium, “Sika Finance” reports. The holding has sold its 19.11 shares for $35.6 million to Abidjan-based Brandon & MCain Capital, an investment firm founded by Ahmed Cisse, the President of Côte d’Ivoire’s employers’ […]
Gabonese authorities have hauled into prison Sosthene Orphee Lendjedi Ibola, a candidate for next year presidential election, on terrorism charges. The leader of Orientation Nouvelle [New Orientation], was arrested on Nov. 10 in capital Libreville and sent to prison on Nov. 15. The arrest came a few months after returning home after six-year exile in […]
A suit has been filed against Goldman Sachs in London’s high court, by Libya’s sovereign investment fund, for making a profit of $350 million from the creation of $1 billion in derivatives trades that became valueless. With the Libyan Investment Authority, a sovereign fund, seeking losses from the trade, a spokesman for Goldman Sachs said […]
