TWO DIVERGENT READINGS OF BGFI BANK! DEUX LECTURES DIVERGENTES DE LA BGFI BANK!
English version The contrast between Jeune Afrique and Africa Intelligence in their coverage of the highly controversial BGFI Bank is quite striking. Jeune Afrique mainly covers BGFI through the lens of its supposed performance: its annual ranking regularly puts the group at the top of CEMAC banks. That is also the current tone. The IPO on May 7, 2026 raised more than 45 billion CFA francs from 7,601 investors, and a second phase, running from September 15 to October 15, 2026, aims to raise the free float to 10%, up from 3.85% today. Africa Intelligence, by contrast, looks behind the scenes at shareholding, politics and governance. In late 2024, the newsletter reported that a letter from presidential adviser Pierre Duro demanded that Delta Synergie hand over its 9.91% stake in the holding company to the State, and that CBON was considering appointing Oyima as a minister, a disguised form of ousting. That is partly what happened: Oyima was appointed Minister of State for th...