Overview

Cote d'Ivoire's bourse sees strong performance, joins MSCI Frontier Markets Index
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Côte d’Ivoire’s capital markets are closely linked to the broader fortunes of the eight-member UEMOA, of which it is a member. The country is also home to West Africa’s regional stock exchange, the Bourse Régionale des Valeurs Mobilières (BRVM), one of the fastest-growing stock exchanges on the continent. On the back of strong macroeconomic growth, regional equity activity has been increasing…

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Competition and regulatory overhaul in Cote d'Ivoire's insurance sector look set to drive growth
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The insurance sector in Côte d’Ivoire has been posting solid growth figures for years. The pickup in the country’s economy after 2012 has made the sector increasingly attractive, prompting the arrival of new competitors aiming to establish a foothold in West Africa’s biggest insurance market. The influx of foreign competitors, coupled with regional regulatory changes, are poised to transform…

Overview

Daouda Coulibaly, Managing Director, Société Ivoirienne de Banque; Charles Daboiko, Managing Director, Ecobank Côte d'Ivoire and Jean-Louis Menann Kouame, CEO, BICICI: Interview
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Interview:Daouda Coulibaly, Charles Daboiko and Jean-Louis Menann Kouame What can be done to increase banking penetration and savings rates? DAOUDA COULIBALY: While there are a great number of banking products on offer, banking penetration remains low. As a result, local banks should devise products that fit the needs of Ivorians. It is safe to say that this low rate is mainly due to the predominance…

Overview

Cote d'Ivoire looking to maintain high growth by restructuring, reinvigorating banking sector
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Ever since emerging from its decade-long political and security crisis in 2011, Côte d’Ivoire has experienced an aggregate growth rate of around 9%, which has benefited the country’s financial services industry. The banking sector has seen sustained double-digit growth since 2011, reinforcing the country’s role as the UEMOA bloc’s primary banking centre. The potential for continuing that…

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Foreign investment and new industries sustain Cote d'Ivoire's industrial sector
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Once considered West Africa’s industrial powerhouse, Côte d’Ivoire’s manufacturing sector was badly affected by a decade of political unrest that curtailed further expansion. However, this is gradually being reversed as political stability and consecutive years of economic growth are enhancing the environment for industrial development and helping to diversify the country’s production base.…

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Rising demand for power underlines need to further develop Cote d'Ivoire's energy sector
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With growing demand for electricity both at home and abroad, Côte d’Ivoire’s energy network is in need of diversification and further initiatives to expand power production. Capacity has reached just under 2000 MW, but the country is aiming for 4000 MW by 2020 and more than 6000 MW by 2030, to keep up with domestic economic growth and energy export commitments. With the Council of Ministers adopting…

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After challenging period, Cote d'Ivoire's agriculture sector starts to see fortunes rebound
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Agriculture has been the largest single economic growth driver in Côte d’Ivoire in the years following independence, supported by a diverse selection of cash crop offerings that have benefitted from strong government support and promotion, fertile land, a favourable climate and growing conditions, and abundant water resources. The country is the world’s largest cocoa producer, second-largest…

Overview

Cote d'Ivoire revamps infrastructure in transport sector to support economic growth
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After missing out on needed maintenance and expansion work over the past decade, Côte d’Ivoire’s transport infrastructure is receiving some overdue attention. Expansion of transport networks across the country has become imperative, with a headline growth rate of 8.4% in 2016 and increasing urbanisation putting pressure on existing networks. Increased congestion, from both higher domestic and…

Overview

Infrastructure plans in Cote d'Ivoire's San Pedro set to strengthen region's role in economy
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While Abidjan may serve as Côte d’Ivoire’s commercial centre, San Pedro – 350 km to the west – is the key gateway for the country’s exports. The city, which is situated in the San Pedro Region of the Bas-Sassandra District to the west of the country, along the Gulf of Guinea, ranks as Côte d’Ivoire’s second-largest city in terms of economic activity. This is most evident in the upward…

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Range of investments in Cote d'Ivoire set to sustain high activity in construction sector
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As Côte d’Ivoire continues to recover from the instability of the previous decade, construction remains a key driver of growth, with a swath of new projects either launched or planned in various sectors, including several that form part of the government’s main infrastructure programmes. There have been some bottlenecks, however, particularly in terms of project delivery. As availability of materials…