Organisation Banque Sahelo-Saharienne pour l'Investissement et le Commerce
Alternate Name Sahel-Saharan Investment & Trade Bank
Abbreviation BSIC
Parent Department of State for Finance & Economic Affairs (5%); Government Libya (45%); Ministry of Budgets, Finance & Privatisation (5%); Ministry of Economy & Finance (5%); Ministry of Economy & Finance (5%); Ministry of Economy & Finance; Ministry of Finance (5%); Ministry of Economy & Finances (5%); Ministry of Finance (5%); Ministry of Finance (5%); Ministry of Finance & National Economy (10%)
u.r.l. http://www.cen-sad.org/developmentbank.htm#contact
email bsic@ lttnet.net
Country Libya
Location Tripoli
Address B.S.I.C. - HEADQUARTERS, Gourgy Road, Tripoli
Postal Address P.O.Box 93221
Telephone + 218 21 48-42-150
Management u.r.l.  
Fax + 218 21 48-42-151
Sector Commercial Banks
Organisation Type African Multilateral
Status Established 14 Apr 1999
Stated Role Banque Sahelo-Saharienne pour l'Investissement et le Commerce (BSIC) is a joint financial institution of the Community of Sahel-Saharan States (CEN-SAD).
Activities BSIC is assigned to mobilizing from public and private sectors, financial resources in view of backing investment and commercial transactions among the Regional Member Countries.
Geographical Focus  
Notes The General Assembly:
The General Assembly, as the supreme organ of the Bank comprises the Ministers of Finance of the Regional Member Countries and proxies of shareholding institutions.

The Board of Directors:
Permanent representation to the Board of Directors is proportional to a minimum rate of 5% as equity participation in the Bank's capital.
Operating affiliated banks:
- Banque Sahelo-Saharienne pour l'Investissement et le Commerce - Benin Inc.
- Banque Sahelo-Saharienne pour l'Investissement et le Commerce - Burkina F. Inc
- Banque Sahelo-Saharienne pour l'Investissement et le Commerce - Chad Inc.
- Banque Sahelo-Saharienne pour l'Investissement et le Commerce - Mali Inc.
- Banque Sahelo-Saharienne pour l'Investissement et le Commerce - Niger Inc.
- Banque Sahelo-Saharienne pour l'Investissement et le Commerce - Senegal Inc.
- Banque Sahelo-Saharienne pour l'Investissement et le Commerce - Sudan Ltd
- Banque Sahelo-Saharienne pour l'Investissement et le Commerce - Togo Inc.
- AL WAHA BANK - Libya Inc.
[ Retrieved on 14 NOV 2007 - http://www.cen-;sad.org/morebank.htm#board ]
Current Positions
Position Name From To
Chairman & General Manager Alhadi Alwarfalli 2007  
Deputy General Manager Mohamed Alzubeir 2007  
Vice Chairman Saber Mohamed Hasan 2007  
Director for Libya Fawzi Mogassabi 2007  
Director for Mali Sambou Wague 2007  
Director for Senegal Maguette Kane Diop 2007  
Director for Benin Semiou Bakary 2007  
Director for Central African Republic Joseph Koyagbele 2007  
Director for Gambia Abdou Touray 2007  
Director for Chad Habiba Sahoulba 2007  
Director for Togo Nadou Lawson-Body 2007  
Director for Niger Mohamed Hamil Maiga 2007  
Budgets
Donor From To Budget ($) Note
Links to Related Organisations
Immediate Parents Department of State for Finance & Economic Affairs
Government Libya
Ministry of Budgets, Finance & Privatisation
Ministry of Economy & Finance
Ministry of Economy & Finance
Ministry of Economy & Finance
Ministry of Finance
Ministry of Economy & Finances
Ministry of Finance
Ministry of Finance
Ministry of Finance & National Economy
Subsidiary Organisations Banque Sahélo-Saharienne pour l'Investissement et le Commerce - Burkina
Banque Sahélo-Saharienne pour l'Investissement et le Commerce - Niger (99.99%)
Banque Sahelo-Saharienne pour l'Investissement et le Commerce - Mali
Sibling Organisations Executive Offices
General Administration for Economic Policies and Programs
General Administration for Budget
General Administration for Development
General Administration for Supply and Procurement
General Administration for Governmental Organizations and Companies
General Administration for International Monetary Cooperation
General Administration for Finance, Management and Services
Unit for Internal Auditing
Academy for Financial and Economic Studies
Administration of Cash Flows
National Agency of Statistics & Demography
Service of General Administration & Equipment
African Fund for Guarantee & Economic Co-operation
Economic Management and Planning Unit
Customs Department
Central Statistics Department
Strategy for Poverty Alleviation Co-ordination Office
Donor Co-ordination Unit
Macroeconomic Committee
Monetary Policy Committee
Treasury-Bill Committee
High Level Economic Committee
Directorates [36]
Cabinet and Linked Departments [6]
General Secretariat of the Ministry of Finance [62]
General Inspectorate of Finance [10]
Direction of Customs
Direction of Public Treasury and Accounting
Direction of Budget
Direction of Land Registry
National Investment Promotion Authority
Directorate of Economic Affairs
General Secretariat - Ministry of Economy & Finance [53]
Poverty Reduction Strategy
Commercial Bank of Burkina [2]
Strategy for Accelerated Growth
Banque Agricole et Commerciale du Burkina [1]
Societe Generale de Banques au Burkina [1]
Banque Internationale du Burkina [2]
General Board of Customs and Estates
Ministry Directorates [5]
Ministry Directorates [19]
National Office of External Trade [1]
Cooperation for Economy & Finance
West African Development Bank [43]
Banque Commerciale du Sahel - SA [1]
Banque de Developpement du Mali - SA [5]
Banque Internationale pour le Mali - SA [3]
Banque Nationale de Developpement Agricole [2]
Société des Mines de Loulo (SOMILO) S.A [5]
Societe des Mines de Morila SA [1]
Societe d'Exploitation des Mines d'Or de Sadiola (SEMOS SA) [1]
Yatela Gold Mine
Société des Mines de Syama - SA [1]
Tambaoura Mining Company - SA [1]
Société des Mines d'Or de Kalana (SOMIKA SA) [1]
Siribaya Exploration Project
Banque Internationale pour le Commerce, l'Industrie et l'Agriculture - Burkina [1]
Société Burkinabé de Crédit Automobile [1]
Loterie Nationale Burkinabe
National Statistics Institute
Caisse de Prêts aux Collectivités Territoriales [1]
Societe Nigerienne de Banque [4]
Credit du Niger
Banque Commerciale du Niger
Loterie Nationale du Niger
Credit Initiative - SA
Societe de Pari Mutuel Urbain du Mali - SAEM [1]
Caisse Autonome d'Amortissement
General Directorate of Statistics & National Accounts
MEF - General Secretary
Cabinet - Ministry of Economy & Finance
General Directorate of Public Purse
Libyan African Investment Portfolio [7]
Associated Organisations Community of Sahel-Saharan States
Donor Recipients  
Past Positions
Position Name From To
Director for Burkina Faso Noel Kabore 2007 2008
Record last updated on 23 MAY 2008