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The Report: Cote d'Ivoire 2022: Health & Education
OBG
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After the return to political stability and peace in 2012, the health care sector has been an area of focus for the government and the private sector alike. In recent years, the government has worked to expand hospital infrastructure alongside universal access to health care. Greater regulation and integration of private sector players is also a top priority of the government, particularly given continuing…
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The Report: Cote d'Ivoire 2022: Tourism
OBG
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Côte d’Ivoire aims to establish tourism as the third pillar of its economy, with a target of attracting 5m foreign tourists per year and creating 700,000 jobs in the sector by 2025. These goals seek to build on the substantial gains the sector has made since the political and security situation stabilised in 2012. Tourism has grown steadily in the subsequent years, with international tourist arrivals…
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The Report: Cote d'Ivoire 2022: Transport & Logistics
OBG
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Continuing its recovery from the Covid-19 pandemic, Côte d’Ivoire’s transport and logistics sector is set to benefit from a wide range of new projects – from ports to airports, and railways to motorways. The National Development Plan (Plan National de Développement, PND) 2021-25 seeks to almost double the level of economic investment outlined in its predecessor, the PND 2016-20, and the transport…
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The Report: Cote d'Ivoire 2022: Construction & Real Estate
OBG
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Following the outbreak of the Covid-19 pandemic in 2020 and its subsequent economic impact, Côte d'Ivoire's has construction sector helped the economy recover. There has been growing demand for residential properties to house the expanding middle class amid rapid urbanisation. Furthermore, industrialisation has increased the need for larger industrial zones and commercial centres, as well as an expansion…
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The Report: Cote d'Ivoire 2022: ICT
OBG
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Côte d’Ivoire is one of the most developed telecommunications markets in West Africa. Its mobile phone penetration rate was 162% in 2021 and continues to grow as Ivorians use multiple SIM cards to take advantage of promotional offers. There is strong competition between the existing mobile network operators, each of which has invested heavily in expanding and improving their coverage and services.…
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The Report: Cote d'Ivoire 2022: Industry & Retail
OBG
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By investing heavily in the development of the industrial sector and making national policy more favourable for private investment, the government has helped accelerate the growth of industry. Traditional sectors such as agriculture are being transformed as processing capabilities expand through the development of new industrial zones, adding greater value to the sector. Furthermore, international…
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The Report: Cote d'Ivoire 2022: Agriculture
OBG
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Côte d’Ivoire’s agriculture sector, responsible for approximately one-fifth of GDP and employing two-thirds of the population, is a key part of the economy, as well as the social, cultural and political fabric. As the country begins rolling out the National Development Plan 2021-25 and pursuing environmental and sustainability goals for 2030 and beyond, the agriculture sector will be key to meeting…
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The Report: Cote d'Ivoire 2022: Energy & Mining
OBG
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As the country returns to robust economic growth and its population expands, electricity demand is set to rise. At the same time, new offshore discoveries promise a brighter future for the hydrocarbons sector, while the renewables segment will be instrumental in helping Côte d’Ivoire achieve its clean energy goals and improve access in remote areas. Against this backdrop, demand for projects across…
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The Report: Cote d'Ivoire 2022: Insurance
OBG
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Although the country’s insurance sector is progressing each year and has a substantial direct and indirect impact on the economy and job creation, the penetration rate – measured as premium relative to GDP – remains low. The factors contributing to the low penetration rate include a lack of public awareness and education about the industry as a whole. However, new opportunities are expected to…
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The Report: Cote d'Ivoire 2022: Capital Markets
OBG
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The global inflationary environment is likely to impact monetary policy both in Côte d’Ivoire and across the West Africa region. The relevant authorities are aiming to tame price increases, potentially through tighter monetary policy. A predicted rise in the cost of credit, combined with an increase in prices of raw materials and oil, could negatively impact corporate growth dynamics, and in turn,…