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Analysis

Where are Ivorian hotel operators expanding their presence?
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Supported by strong economic growth and the government’s ambition to make Côte d’Ivoire a regional centre for business and conference tourism, the hotel industry has expanded rapidly in the West African nation over the past few years. While this expansion bodes well for the industry in the long term, the first half of 2020 saw fewer visitor arrivals – and therefore lower numbers of occupied…

Analysis

Can Côte d'Ivoire close the skills gap?
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Like many other countries in Africa, Côte d’Ivoire is working to address a gap between the skills taught in schools and those demanded in the job market. To this end, the authorities are bringing training in line with the needs of the economy and employers. With the economy expanding quickly, prompting a number of international firms to invest and start operations, the need is becoming more…

Analysis

The impact of Côte d'Ivoire's universal health coverage
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After an 18-month pilot phase with 108,469 students, Ivorian authorities began the wider rollout of the universal health coverage (couverture maladie universelle, CMU) programme to the broader population in October 2019. The project is a milestone for Côte d’Ivoire’s health care system, where less than 10% of the population has adequate health coverage. It is also expected to boost local…

Analysis

Tax guide for contracting foreign loans in Côte d'Ivoire
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The purpose of this article is to specify the tax regime applicable in each of the situations outlined below. Ivorian Companies The following articles apply to loans contracted by Ivorian firms from foreign banks. RIT: Interest on loans paid by an Ivorian firm to a foreign bank is in principle subject to withholding tax under the receivable income tax (RIT) at the ordinary rate of 18% in…

Analysis

Côte d'Ivoire's Investment Code explained
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The policy pursued by Côte d’Ivoire’s government has its legal counterpart in the promotion of private investment. The policy adapts to the changing international economic environment, reflected by the Investment Code adopted in 2012, which was subsequently replaced by the 2018 Investment Code. The most recent update to the code came in 2019 with the adoption of Order 2019-1088 of December…

Overview

Important info for business travellers to Côte d'Ivoire
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Etiquette Business etiquette in Côte d’Ivoire is similar to that in France. A handshake is appropriate for both men and women when first meeting someone new. When a woman meets someone for the second time, three kisses on the cheek are an appropriate greeting. Before discussing business, it is polite to break the ice by discussing family, health or the weather. Currency Côte d’Ivoire…

Overview

How are emerging markets benefitting from the digital economy?
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An increasing amount of commercial transactions are moving online, while technology is affecting every facet of the traditional economy. This has provided businesses with new channels to reach existing clients, as well as new opportunities to expand their market share. For consumers, the ever-expanding digital economy promises not only greater access to goods and services, but also to information…

Overview

The role of robo-advisers in emerging markets
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The use of sophisticated algorithms in wealth management is leading to improved efficiency and transparency in the financial services sector, benefitting both providers and clients. In particular, so-called robo-advisory firms are disrupting the industry and helping to boost financial inclusion. Primarily concentrated in developed markets such as the US and the UK, the technology is starting…

Overview

How emerging markets are boosting urban mobility
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Around the globe the urban transportation sector is seeing rapid expansion, driven by economic growth and demographic shifts towards urbanisation. Politicians, urban planners and private sector actors are working together to find solutions to reduce congestion and increase the speed and efficiency of urban transport. As cities grow and urban economies develop, quality of life indicators can…

Overview

How is Côte d'Ivoire handling its transition to a democracy?
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Modern Côte d’Ivoire lies in a region that has seen waves of migration and conflict over the centuries as well as great trade and prosperity, with many empires rising and falling along the way. The first archaeological discoveries date back to the Neolithic. The Ahouakro Archaeological Park in northern Tiassalé, which is on the UNESCO Tentative List, has rock art and tools from that epoch.…