Analysis

Casting a wider net: The country is aiming to diversify its economy and its trade partners
OBG
plus

n open economy with trade accounting for 91% of GDP in 2013, Côte d’Ivoire has traditionally held a central position in regional trade. The heavyweight of the West African Economic and Monetary Union (Union Economique et Monétaire Ouest-Africaine, UEMOA) with 35% of regional GDP, the country lost some of its stature over the decade of unrest. As it rebuilds its infrastructure to regain West African…

Analysis

Fiscal drivers: The authorities are making considerable efforts to stabilise spending and reassure potential lenders
OBG
plus

The National Development Plan (NDP) boosted public investment from 3% of GDP in 2011 to 9.7% by 2015, but headline spending is not the only notable aspect of Côte d’Ivoire’s fiscal policy. With donor support the authorities have also made headway on improving execution of spending and shifting funds to capital projects – even if recurrent spending still accounts for a larger share of the budget…

Analysis

Open for business: Efforts to improve the country’s pull for investors are bearing fruit
OBG
plus

While Côte d’Ivoire has a natural advantage in the West African Economic and Monetary Union (Union Economique et Monétaire Ouest-Africaine, UEMOA), with the region’s largest market and most developed infrastructure, authorities are striving to improve the country’s soft infrastructure to improve rankings in international investment climate indexes. From revising the Investment Code to establishing…

Analysis

Beyond bricks: Mobile money and microfinance go rural
OBG
plus

While commercial banks have been rebuilding and expanding their bricks-and-mortar networks since 2011, the keys to reaching unbanked populations are proving to be alternative means like mobile money and microfinance institutions (MFIs). A handful of new MFIs – sanitised through fresh rules issued in 2011 – have seen strong double-digit growth in the past three years, though the bulk of non-bank…

Analysis

Rules and takeovers: Regulatory changes and privatisations are drawing foreign investors
OBG
plus

As larger banking groups expand their reach within the West African Economic and Monetary Union (Union Economique et Monétaire Ouest-Africaine, UEMOA), authorities at the region’s central bank have recently implemented a number of significant changes. First, they have raised capital requirements to enhance lenders’ scale. Second, they have begun allowing banks with licences in one jurisdiction…

Analysis

Bolloré Africa Logistics CI: Transport
OBG
plus

The Company Bolloré Africa Logistics CI is one of the major players in the transport, handling and logistics sector, offering air, road, sea and rail transportation services. In April 2009 the group management decided to change the company’s name from SDV-SAGA to Bolloré Africa Logistics Côte d’Ivoire, which helped standardise the name of the group and consolidate its presence on the continent. With…

Analysis

Ecobank: Banking
OBG
plus

The Company Ecobank Transnational Incorporated is a pan-African bank, founded in 1985 in Togo, which operates in 36 African countries via six regional clusters, including Nigeria, francophone West Africa (nine countries including Côte d’Ivoire), the rest of West Africa (five countries), Central Africa (seven countries), East Africa (seven countries) and Southern Africa (five countries). Ecobank…

Analysis

SGBCI: Banking
OBG
plus

The Company Société Générale de Banques en Côte d’Ivoire (SGBCI) is the largest bank in the West African Economic and Monetary Union and was created in 1962 from the local branches of France’s Société Générale bank, with the participation of the government and several international financial partners. SGBCI was subsequently listed on the regional stock exchange (Bourse Régionale…

Analysis

Solibra: Beverages
OBG
plus

The Company After 60 years in operation, the Société de Limonaderies et Brasseries d'Afrique ( Solibra) has developed production expertise and unparalleled consumer awareness in the beverage market in Côte d'Ivoire. The company has invested nearly CFA47bn (€70.5m) since 2012 to modernise its four sites – one in Treichville, one in Bouaflé and two in Yopougon. Like other African branches…

Analysis

Tapping the market: Efforts are under way to boost listings and provide easier exits
OBG
plus

Far more dynamic than the public markets as a source of equity funding, African private equity (PE) has drawn increasing attention from global investors, with €2.5bn in new funds destined for the region in 2013, up 136% year-on-year according to the second annual study by EY and the African PE and Venture Capital Association (AVCA). While bigger economies like South Africa, Nigeria and Kenya still…