Who is Pathé Dione, the boss of the Sunu Group who took control of BICIS from BNP Paribas

This is the main information of the day in the area of ​​the 14 African countries that form the Inter-African Conference on Insurance Markets (CIMA). The Sunu Group of the very discreet Senegalese financier Pathé Dione has reached an agreement for the acquisition of 54.11% of the shares of the French BNP Paribas in the International Bank for Commerce and Industry of Senegal (BICIS), a Senegalese subsidiary.

Backed by its well-crafted development plan and proven financial firepower, all added to the personality of its founder and the expertise of its management team, Sunu quickly positioned itself as the super favourite.

Both on the side of 16 Boulevard des Italiens in Paris and that of the Senegalese Ministry of Finance, logic retained “the best of us” as the opinion of an executive of an investment bank who followed the file end to end. Already the owner of a bank in Togo, the Pathé Dione group will thus link banking and insurance in an area of ​​West and Central Africa where it is the leader in life insurance.

To find out a little more about the personality of Pathé Dione, about Sunu’s story, about how he resisted the very African temptations to sell, here is an interview conducted by Financial Afrik in 2021.

Sunu is not for sale.

Leave a Comment