Burkina Faso’s banking tycoon Idrissa Nassa takes over TotalEnergies’ operations

Billionaires.Africa

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Burkina Faso’s banking tycoon Idrissa Nassa takes over TotalEnergies’ operations

Key PointsCoris Invest Group acquires TotalEnergies' Burkina Faso assets, marking Nassa’s push into the petroleum sector.French energy giant sells its 170-station network to Coris Invest, as announced by the Ministry of Industry.Beyond banking, Nassa funds gold mining and infrastructure, including a $47 million stake in Orezone Gold’s Bomboré project.Burkinabe banking mogul Idrissa Nassa has reportedly acquired Total Energie in Burkina Faso, the…

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Ouagadougou, 19 February 2024. West Africa is witnessing a major redefinition of its economic landscape, driven by the ambition of local companies. Coris Investment Group, led by the burkinabè businessman Idrisssa Nassa, embodies this dynamic. Tuesday, 18 February, TotalEnergys formalized the sale of its assets in Burkina Faso to this group, already heavyweight in [...]

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Burkina Faso: TotalEnergies sells its assets to Coris Investment Group

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Total Energies continues its withdrawal from West Africa with the divestiture of its assets in Burkina Faso to the Coris Investment Group, led by the burkinabè businessman Idrisssa Nassa. This announcement comes a few weeks after a similar operation in Mali, where the French oil group sold its activities to Coly Energy Mali in partnership with Benin Petro SA. The information was confirmed by Badara Mbacké, head of commercial development for West…