Atlantic Group Financial Holding (AFG), founded by Ivorian businessman Koné DOSSONGUI over 40 years ago, is active in the Francophone financial sector, with operations spanning banking, insurance, microfinance, investment banking, and technology services. Today, it comprises seven (7) commercial banks, seven (7) insurance subsidiaries, five (5) microfinance institutions, two (2) investment banks (AFG Capital CEMAC and Mauritius), and a technology entity (Digital Business Solutions).
Building on Atlantic Group’s experience in telecommunications (GSM, data transmission) and insurance, AFG aims to provide its clients with a renewed experience as an integrated digital player in the bancassurance sector, developing an ecosystem that promotes financial inclusion.
Timeline in the Banking Sector
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Acquisition of Crédit Industriel et Commercial in Côte d’Ivoire (CIC) – (French bank)
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Acquisition of Barclays Bank (Côte d’Ivoire)
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Creation of SGI Atlantique Bourse, which later became the investment bank “Atlantique Finance.”
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Creation of GIE Informatique, which became Atlantique Technologie SA in 2007
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Creation of Atlantic Financial Group (AFG), the banking holding company of Banque Atlantique’s subsidiaries in West Africa.
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Creation of Banque Atlantique subsidiaries in Benin, Niger, Burkina Faso, Mali, Togo, and Senegal.
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Creation of Atlantic Financial Group Central and East Africa (AFG CEA), the banking holding company for Banque Atlantique’s subsidiaries in the CEMAC region.
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Acquisition de Amity Bank au Cameroun (aujourd'hui Banque Atlantique Cameroun (BACM))
Fusion de BACI/COBACI pour créer la Banque Atlantique Côte d'Ivoire. -
Creation of ABI as a 50/50 joint venture with Morocco’s BCP. Since 2012, ABI has served as the holding company for Banque Atlantique’s subsidiaries in West Africa.
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Sale of ABI shares to BCP (BCP: 65% / AFG: 35%).
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Creation of Digital Business Solutions (DBS), an entity responsible for developing financial inclusion solutions (in partnership with the IFC).
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Acquisition of new subsidiaries and consolidation of the Group’s presence in West and Central Africa (BICIM, BICIG, BICC).
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- Rebranding of the AFG Group
- Creation of AFG Bank Côte d'Ivoire and AFG Bank Madagascar
- Acquisition of Banque Populaire de Côte d’Ivoire (BPCI) -
- Acquisition of Access Holding and its African subsidiaries
- Acquisition of Société Générale Guinea
Timeline in the Industry and Services Sector
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2015
- Partenariat avec O3B/ses pour la fourniture d'un accès Internet
- Création de Atlantic Future Technology AFT SA (Côte d'Ivoire) -
2016
Creation of Atlantic Future Technology Niger (AFT Niger) -
2018
Creation of Atlantic Future Technology Mali (AFT Mali) -
2019
Launch of the construction of the SCCI cement plant (1,000,000 T/year in Abidjan, Côte d’Ivoire) -
2020
- Mise en service de la cimenterie SCCI (1 000 000 T/an à Abidjan, CÔTE D'IVOIRE)
- Démarrage de l'usine de transformation du cacao à Kribi, ACC (48 000 T/an à Kribi, CAMEROUN) -
2021
Acquisition of CIMOD’s assets (1 MT/year, Côte d’Ivoire)
