in Short
Bank : Bank Of Africa exits CID stake after over 30 years
After more than 30 years, Bank Of Africa has sold its 155,437 shares in CID (Consulting, Engineering and Development), representing nearly 40% of its capital. This marks the end of a partnership initiated in the 1980s to support the rise of a Moroccan player in civil engineering. The divestment aligns with the bank’s strategic focus on expanding its presence in sub-Saharan Africa.