State owners Burkina Faso and Libya abandon BCB’s privatisation and appoint a new CEO
Burkina Faso and Libya, which jointly own the Banque commerciale du Burkina (BCB), have appointed the Libyan national Ali Bachir Karwa to head up the banking institution. According to our information, the shareholders have agreed to postpone opening up the capital to a strategic partner.
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▪ State owners Burkina Faso and Libya abandon BCB’s privatisation and appoint a new CEO
▪ Burkina Faso and Libya, which jointly own the Banque commerciale du Burkina (BCB), have appointed the Libyan national Ali Bachir Karwa to head up the banking institution. According to our information, the shareholders have agreed to postpone opening up the capital to a strategic partner.
▪ https://www.africabusinessplus.com/en/804059/les-etats-proprietaires-renoncent-a-privatiser-banque-commerciale-du-burkina-et-nomment-un-nouveau-dg/
“The plan to sell off 40% of the capital of the Banque commerciale du Burkina (BCB) is behind us. We are going to get on with reviving the bank, as the shareholders have decided to contribute resources to increase the capital,” Libyan banker Ali Bachir Karwa told Jeune Afrique Business+, offering no further details.
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