🇨🇮Côte d'IvoireWest Africa
Société Générale Côte d’Ivoire announces over 81 billion FCFA in dividends
via Abidjan.net9 min read
Société Générale Côte d’Ivoire SGCI announced a significant dividend distribution of 81.081 billion FCFA for the 2025 financial year, a substantial increase from 57.9 billion FCFA the previous year. This announcement was made by SGCI Director General Patrick Blas during the presentation of the bank's 2025 financial results and 2026 outlook in Abidjan-Plateau on April 17, 2026. The dividends represent 80% of the net profit, which exceeded 101 billion FCFA, with a total of 31 million shares. Blas highlighted a 40% increase in share value compared to the previous year, attributing the strong performance to the bank's robust economic model and confidence in its future prospects. The bank's total balance sheet reached 3,769 billion FCFA, up 4.3% from 2024, and credit outstanding grew by 2.9% to 2,546 billion FCFA, despite a slowdown in economic activity in late 2025. Deposits rose by 5.8% to 2,908 billion FCFA, improving the credit-to-deposit ratio to 87.6%. While general expenses increased by 7.3% due to exceptional costs like headquarters renovation, the operating ratio remained controlled at 38.8%. The net cost of risk also rose by 29.2%, reflecting prudent portfolio management. The non-performing loan rate stood at 8% with an 82% coverage rate, indicating solid asset quality. The net profit of 101.352 billion FCFA remained stable compared to 2024, confirming the bank's resilience in a challenging environment. For 2026, SGCI plans to strengthen its market position by focusing o
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Must ReadThe Rally of Houphouëtists for Democracy and Peace RHDP has welcomed the Ivorian government's decision to dissolve the Independent Electoral Commission CEI, announced after the Council of Ministers on Wednesday, May 6, 2026. In a statement signed by its Executive Secretary, Ibrahima Cissé Bacongo, on May 8, the ruling party acknowledged the decision, noting that the CEI had organized and supervised various elections in Côte d'Ivoire for the past twenty-five years. Despite its efforts, the electoral body had consistently faced criticism from political actors and civil society organizations. The RHDP expressed satisfaction that the government addressed these concerns by dissolving the institution. The party reaffirmed its full support for President Alassane Ouattara, stating that he continues to demonstrate his responsiveness to citizens' needs for a peaceful, prosperous, and united Côte d'Ivoire. The RHDP urged political actors and civil society organizations to fully engage in preserving peace and trust to establish a new electoral management mechanism that ensures calm elections in Côte d'Ivoire.
Must ReadThe Central Bank of West African States BCEAO hosted an international conference in Dakar on May 8, 2026, focusing on the opportunities and challenges presented by crypto-assets and digital innovations for monetary and financial stability. This event follows similar conferences in 2024 and 2025 on climate change and artificial intelligence, respectively. The conference aims to analyze the implications of these digital advancements and establish appropriate regulatory frameworks. Jean Claude Kassi Brou, Governor of the BCEAO, highlighted that crypto-assets, digital payment platforms, and the increasing digitalization of financial services are reshaping financial intermediation and challenging traditional regulatory and supervisory frameworks. He emphasized that while these tools are powerful drivers of modernization, they also introduce risks and vulnerabilities, calling for rigorous international dialogue on emerging digital finance issues. The BCEAO has initiated structural actions to support this transformation. Cheikh Diba, the Senegalese Minister of Finance and Budget, noted that these innovations offer unprecedented opportunities but also demand increased collective responsibility to address complex challenges related to regulation, security, and stability. He identified key risks such as the growth of shadow banking, excessive volatility in crypto-asset markets, fraud, money laundering, terrorist financing, cyberattacks, and operational vulnerabilities. Diba expressed o
Must ReadThis article features an excerpt from the speech delivered by former President Laurent Gbagbo during the Central Committee meeting on May 7, 2026. The speech was published on Friday, May 8, 2026, by Autre Presse TV. The article is part of a larger collection of political activities from 2025-2026 on Abidjan.net, which also includes other news such as the dissolution of the CEI, the appointment of Ibrahime Coulibaly Kuibiert as President of the Council of State, and the adoption of the PND 2026-2030 by the Senate in Yamoussoukro.
Ivorian Prime Minister Robert Beugré Mambé met with Tareq Muhmood, the regional president for Visa's CEMEA Central and Eastern Europe, Middle East, and Africa zone, on Thursday, May 7, 2026, in Abidjan-Plateau. Muhmood expressed Visa's intention to expand its activities in Côte d'Ivoire, highlighting the country as a "fantastic environment" for growing their business. He noted that this expansion aims to support digital payments within Côte d'Ivoire and neighboring West and Central African countries, fostering financial inclusion and economic development. Muhmood also emphasized Visa's goal to significantly contribute to the growth of the Ivorian economy, particularly through developing tourism and ensuring visitors can easily make payments to local merchants and economic operators. Visa officially opened its regional office in Abidjan in November 2017, following a memorandum of understanding.