The Ivorian financial group, Compagnie Financière Africaine (Cofina), is negotiating its entry into the capital of JA Delmas. Cofina is majority-owned at 71.1% by the African Credit Company (CAC).

Having severed, at the beginning of the year, its association with the Moroccan royal holding company Al Mada, the distributor of Caterpillar machines in Africa JA Delmas is in talks with the African financial company of the banker Jean-Luc Konan to sell him a stake in his capital. The entry of Cofina comes within the framework of a capital increase by JA Delmas, following the rupture, at the beginning of this year, of its association with Tractafric Motors, property of the investment fund of the King of Morocco Al Mada ( AI of 28/01/21). Cofina's entry into the capital of Manutention africaine comes at a time when the French group is facing increased competition from the Belgian BIA in its main African markets and when it lost its contract with Endeavor Mining in 2018 as part of the extension of the Ity gold mine.