Overview

Why Côte d'Ivoire is one of the fastest-growing economies
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Côte d’Ivoire is one of Africa’s most rapidly expanding economies, with significant oil, gas and mineral reserves, a major agriculture sector and a growing and youthful population all driving the country forwards. Possessing a wide range of natural environments, stretching from tropical rainforest to dry savannah, the former French colony is also a mosaic of ethnicities, languages, religions…

Overview

Côte d'Ivoire's plans to diversify the economy and reform tax
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In the face of economic challenges after the political upheaval of the 2000-11 period, Côte d’Ivoire has implemented major reforms, allowing it to become one of the most dynamic economies in Africa. Significant public investment, combined with strong prices for many agricultural cash crops, helped achieve average annual GDP growth of 8.5% between 2012 and 2018, although provisional figures…

Overview

What are Côte d'Ivoire's new prudential rules for banking?
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Côte d’Ivoire’s banking sector has been a critical instrument for the country’s economic recovery. As several sectors returned to growth following the end of political and military unrest in 2011, Ivorian banks helped finance expansion in infrastructure, energy, industry, agriculture and services. As a result of this revival, the economy has posted successive years of expansion, with…

Overview

How does the BRVM's growth potential help Côte d'Ivoire?
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A considerable degree of dynamism was unleashed on West Africa’s stock exchange, the Bourse Régionale de Valeurs Mobilières (BRVM), with the economic comeback of Côte d’Ivoire in 2011 following over a decade of civil unrest. Recently, however, the country’s overall economic performance and that of the stock market have diverged. While the Ivorian economy has continued to expand and…

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

Why investors are attracted to Côte d'Ivoire's insurance market
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With several years of accumulated growth helping to re-shape the fundamentals of Côte d’Ivoire’s economy, strong overall business performance looks set to boost the country’s insurance sector. Premium has risen steadily over recent years, although the level of insurance penetration remains relatively low, at roughly 2% of GDP in 2018, leaving ample room for expansion. Côte d’Ivoire…

Overview

What is Côte d'Ivoire doing to boost mining activity?
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Although Côte d’Ivoire has long been recognised for its production and export of food crops, some of its other natural resources have been comparatively underexplored. To reverse this trend, the authorities are working to encourage the development of the mining industry and exploit known pockets of key mineral resources, such as gold, bauxite, diamonds and nickel. Despite competition from…

Overview

Role of renewables in Côte d'Ivoire's energy mix
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Although Côte d’Ivoire has traditionally based its energy supply on a combination of gas-fired generation and hydropower, the need to fulfil rising demand and make up for years of underinvestment in the 2000s is driving the diversification of the country’s energy mix. Strong economic growth since 2011 has increased residential electricity consumption, particularly in urban areas. However,…

Overview

How Ivorian agriculture can benefit from local processing
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Côte d’Ivoire’s agriculture sector is both a key driver of the national economy and a primary player in global markets for goods such as cocoa and rubber. Indeed, owing to its fertile land, the West African country has established itself as a major exporter of a wide range of raw agricultural products. At the same time, the government aims to ensure the sector’s economic and environmental…

Overview

Which industries is Côte d'Ivoire prioritising?
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Government initiatives to strengthen Côte d’Ivoire’s industrial base have continued to yield results. Following the August 2018 implementation of the new Investment Code, which was modified one year later, companies operating in agro-industry – one of the main pillars of the industrial sector – have invested hundreds of millions of dollars in processing facilities, as well as established…