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Overview

How are reforms strengthening the insurance sector in Côte d’Ivoire
OBG
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Although Côte d’Ivoire’s insurance sector is progressing each year and has a substantial direct and indirect impact on the economy and job creation, the penetration rate – measured as premium relative to GDP – remains low. While combined life and non-life insurance sector premium nearly doubled from CFA270bn ($464.1m) in 2015 to CFA462.7bn ($795.4m) in 2021, the 2-3% insurance penetration…

Overview

How digital currencies fuel financial competition in Côte d’Ivoire
OBG
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Côte d’Ivoire’s banking sector has played a key role in the country’s post-2012 economic recovery and growth, financing large-scale infrastructure projects, private sector industrial expansion, agricultural activity and the services industry. Sector players have remained largely unchanged during this time, with 29 banks and two financial institutions operating in the country, according to the…

Overview

What is the production potential of Côte d’Ivoire’s mining sector
OBG
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With potentially significant untapped resources and the government committed to making mining a key pillar of growth for the economy, Côte d’Ivoire’s extractive minerals sector looks set for robust growth. Gold, nickel, bauxite, diamonds, manganese, columbite and tantalite are already in production, and Côte d’Ivoire’s miners are ready to become key players in the country’s drive towards…

Overview

New discoveries and renewables fuel growth in Côte d’Ivoire’s energy sector
OBG
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Côte d’Ivoire’s robust economic growth in the years since the country regained political stability in 2011 has resulted in a surge in energy consumption, particularly in urban areas. As of 2020 the electricity sector was the third largest in Africa in terms of installed capacity, and total energy consumption increased by 14.2% between 2011 and 2020. While the Covid-19 pandemic brought challenges…

Overview

How focus on value added boosts Côte d’Ivoire’s exports
OBG
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Côte d’Ivoire’s agriculture sector, responsible for approximately one-fifth of the country’s GDP and employing two-thirds of the population, is a key part of the economy, as well as the social, cultural and political fabric. The sector is also significant at the global level, exporting cocoa, cashew nuts, palm oil, bananas, coffee, rubber and cotton worldwide. Indeed, Côte d’Ivoire is the…
Chapter

The Report: Cote d'Ivoire 2022: Economy
OBG
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Thanks in large part to renewed political stability, Côte d’Ivoire’s sustained high growth in the last decade ranks it among the best-performing countries in sub-Saharan Africa. The post-2012 period has been marked by ambitious public and private investment programmes, giving the economy substantial resilience. Reflecting global trends, growth was adversely affected by the Covid-19 pandemic; however,…

Analysis

How digital education is increasing in institutes of higher learning
OBG
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In a bid to expand access, education is increasingly exploring the possibilities of the metaverse and extended-reality (XR) approaches. The former comprises a range of technologies which immerse users in a virtual environment. It denotes a 3D medium that combines virtual reality (VR) and augmented reality (AR) into a new digital realm, sometimes known as XR. These environments are accessed through…
Interview

Christian Schindler, Director-General, International Textile Manufacturers Federation: Interview
OBG
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Interview:Christian Schindler What factors underpin West Africa’s potential to be a regional leader in textiles? CHRISTIAN SCHINDLER: West Africa has not traditionally been known as a destination for textiles or apparel manufacturing. Now that nearshoring is gaining traction, several factors work in favour of efforts to capture a share of China’s market share. The most evident of these…
Interview

Pascal Bordeaux, General Manager, CFAO Retail - Carrefour Côte d’Ivoire: Interview
OBG
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Interview:Pascal Bordeaux What are the main assets that characterise the retail market in Côte d’Ivoire? PASCAL BORDEAUX: Côte d’Ivoire has seen an improvement in several macroeconomic indicators in recent years, with GDP increasing at a rate of between 7.5% and 8% annually since 2012. Despite the Covid-19 pandemic, Côte d’Ivoire was one of the few countries around the world that saw…
Interview

Fatoumata Bâ, Founder and Executive Chair, Janngo Capital: Interview
OBG
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Interview:Fatoumata Bâ Where do you see the most potential in the development of digital ecosystems in Côte d’Ivoire? FATOUMATABÂ: Financial services and energy were the two main sectors attracting tech investments 10 years ago. Now tech is helping to accelerate more sectors of the formal economy. From health care and education to logistics and trade, technology market platforms…