Côte d’Ivoire is a civil law country. As such, the legal system does not rely on prior decisions, but is instead structured by several different specific codes. The supreme law of the country is the constitution adopted by referendum on October 30, 2016. The legal hierarchy of the country puts the constitution at the top of the legal pyramid. This constitution is followed, respectively,…
In the half-decade following the return of political stability in 2011, Côte d’Ivoire was one among the fastest-growing economies in the world. Having missed out on much of the developing and emerging markets boom that characterised the global economy during 2000-10 due to its domestic political crisis, the more recent period of out-performance has allowed the country to bounce back. Strong…
Côte d’Ivoire’s real estate sector has witnessed strong activity in recent years, as stability returned to the country and a shortfall in property availability across market segments has attracted international investors and developers. A state initiative to build up the social housing segment is taking off with backing from local and Moroccan developers in particular, having previously…
While high nominal growth in some years was partially a result of inflation, real sector growth also ran in the double digits between 2013 and 2015, averaging 23.9% across the period and standing at 28.3% in 2015, according to the Ministry of Economy and Finances. In current prices, the construction sector’s value-added was equal to 5.9% of GDP in 2016, according to the BCEAO, up from 1.7%…
SOFITEL ABIDJAN HOTEL IVOIRE Boulevard Hassan II - 08 BP 01 T: (225) 22 48 26 26 F: (225) 22 44 65 18 www.sofitel.com H8844@sofitel.com Rooms: 423 rooms, suites and apartments. Business & Conference Facilities: 19 conference, banquet and meeting rooms Health & Leisure Facilities: Pool, fitness centre, spa, tennis courts. Guest Services: Pressing, Wi-Fi, parking, boutiques, beauty…
With several of the world’s mining operators increasing their commitment to West Africa, Côte d’Ivoire remains one of the least explored countries in the region. Although the sector’s contribution to the national economy remains limited – at around 2% of GDP – proven reserves in gold, bauxite, iron ore, nickel and diamonds have positioned the industry as an important way for the…
Interview:Akinwumi Adesina What can be done to formalise African economies? AKINWUMI ADESINA: The AfDB estimates the informal economy in Africa accounts for 50-80% of GDP, 60-80% of employment and as much as 90% of new jobs. The vast size of the informal sector stems partly from institutional deficiencies, such as a failure to enforce regulations, as well as factors that inhibit compliance.…
Interview:Tiémoko Meyliet Koné How will Basel II and III impact the economy? TIÉMOKO MEYLIET KONÉ: The transition toward Basel II and III aims to preserve a solid and resilient banking system across the West African Monetary Union (WAMU) region. The adoption of Basel II and III makes allowances for shifts in the regional and international financial sector, characterised by the diversification…
Interview:Marcel de Souza What are the difficulties currently affecting integration efforts within ECOWAS? MARCEL DE SOUZA: Although ECOWAS has the highest score on the UN’s Africa Regional Integration Index in terms of free movement of people, challenges still remain. We are working closely with stakeholders in the application of the rules that govern the integration process. Non-tariff…
Interview:Janine Kacou Diagou In what ways will the recent regulatory changes impact the financial sector? JANINE KACOU DIAGOU: Ongoing reforms will inevitably have profound impacts on the regional banking system. Indeed, many banks are conducting stress tests to identify strengths and weaknesses as a first step in adapting to international standards. Adhering to Basel II and III guidelines…
