Sunday, October 2, 2022
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Once upon a time, BNP Paribas was a pillar of French capitalism in Africa

Within a few months, the adventure of BNP Paribas in French-speaking sub-Saharan Africa will come to an end, with the cinching of the sale of its last two major subsidiaries – in Côte d’Ivoire and Senegal. The heir to the Comptoir National d’Escompte de Paris – former sponsor of the “colonial banks” created in the 1850s to “transform into cash the bond indemnities granted to owners who had lost the ‘ownership’ of their slaves”, according to French historian Hubert Bonin – has followed the pace of a certain French capitalism in Africa, both in its advances and in its eventual decline.

From Senegal to Zaire

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