Exclusive information indicates that Ivorian businessman Dossongui Koné's Atlantic Financial Group (AFG) is in advanced discussions to acquire a significant stake in Afrasia Bank Limited based in Mauritius. This is the third largest in the country with a total balance sheet of 4.5 billion dollars.

Dossongui Koné is continuing his double comeback in banking and insurance with acquisitions in the Indian Ocean, the Community of Central African States (CEMAC) zone and the West African Economic and Monetary Union (UEMOA), after having obtained its banking license in Madagascar in November 2022 and is awaiting the imminent receipt of the same license in Côte d'Ivoire. The acquisition of Afrasia Bank Limited would involve 74.48% of IBL Ltd and the National Bank Of Canada in Mauritius.

IBL Ltd is the first private group in Mauritius. It is listed on the Stock Exchange of Mauritius and has 22,000 employees in various sectors.