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Banking sector in Guinea: a new board of directors at BNIG

14/09/2022
Categories: Companies

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In decrees signed on September 7, 2022, transitional President Mamadi Doumbouya appointed a new CEO and new directors of the National Investment Bank of Guinea (BNIG). This decision represents a break with the shareholding pact that made this institution a parastatal bank with private management.

Representatives of Afriland First Bank Guinea are no longer members of the BNIG board of directors. Afriland First Bank Guinea owns 10% of its capital. The remaining shares are held by the State of Guinea and the Central Bank of the Republic of Guinea. Dr. Fokam is no longer chairman of the board of BNIG. He has been replaced by Thierno Ibrahima Bah, who is also the National Director of Debt and Official Development Assistance at the Ministry of the Economy, Finance and Planning, and who was appointed along with four other directors, all of whom are from the Guinean civil service.

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