SIA Group founder and chief govt Jean Kacou Diagou is reshaping the banking facet of his West African monetary group, shifting senior roles and tightening oversight as competitors heats up throughout the area.
The modifications heart on NSIA Banque Côte d’Ivoire, the group’s flagship lender, and its capital markets unit, NSIA Capital, previously often known as NSIA Finance. Africa Enterprise+ reported that Gomez Konan, who had been working NSIA Capital, moved into a brand new director function inside the banking arm efficient Jan. 1.
NSIA has been reorganizing its construction because the Diagou household elevated its management of the holding firm, NSIA Participations, final yr. The household funding automobile, Manzima Holding, lifted its stake to 68.73% after shopping for out the Nationwide Financial institution of Canada’s place, Ecofin Company reported.
In an interview with Monetary Afrik, NSIA Banque Côte d’Ivoire Managing Director Léonce Yacé stated the group is pursuing a governance overhaul that consolidates banking and insurance coverage below devoted constructions. He stated NSIA Participations and Manzi Funds are set to merge right into a single high holding firm that can preserve the NSIA Participations identify.
The banking arm can also be staffing up. In July, NSIA Banque Côte d’Ivoire named Sékou Chérif Sanogo as deputy managing director in command of help features, in accordance with Capmad. Sanogo was tasked with strengthening cross practical operations because the lender prepares to increase into Cameroon.
NSIA’s push comes because the lender reviews regular development. In its third quarter 2025 replace, NSIA Banque Côte d’Ivoire stated pre tax revenue rose 6% to CFA 27.66 billion (about $49.4 million), whereas excellent loans climbed to CFA 1.77 trillion (about $3.16 billion) and buyer deposits reached CFA 1.97 trillion (about $3.52 billion). Complete belongings stood at CFA 2.83 trillion (about $5.06 billion), Ecofin reported, with the financial institution flagging a cautious technique targeted on threat and value management.
Inside publications from the group present the broader ambition. An NSIA journal issued in 2025 stated the group’s banking enterprise held a 5.2% market share within the West African Financial Union space and ranked among the many largest banking teams within the zone, primarily based on a 2022 banking fee classification.
Diagou, a veteran of the insurance coverage business who constructed NSIA right into a bancassurance participant throughout a number of African markets, is betting that tighter governance and a refreshed management bench will assist it defend margins, develop regionally and appeal to capital in a harder fee and regulatory atmosphere.
