The banking sector affected by the case of the liquidation of the Ivorian trader Saf Cacao (JA no 3009) is waiting
looking forward to the end of the year to collect the first installment of 4 billion CFA francs
(6.1 million euros) of their receivables. A first major test of the capacity of the Société agricole de café
cacao (SACC), the successor of Saf Cacao, to initiate reimbursement. Liquidated at the beginning of 2019 following
of a procedure initiated by the Coffee-Cocoa Council (CCC) for non-payment, Saf Cacao totals a
debt of 113 billion CFA francs in the banking sector and more than 50 billion vis-à-vis the State. According to
several bankers, the Saf Cacao affair has increased the cost of loans. On the Abidjan Stock Exchange, the index of
financial sector is down 1.12% since the start of the year, compared to – 4.37% for the general index.