Cote d'Ivoire Economic Research Highlights
After achieving a region-leading economic recovery in the decade since political stability was established, future growth and industrialisation strategy will continue to be shaped by the National Development Plan 2021-25, which constitutes a holistic approach to achieving emerging market status and meaningful poverty reduction by 2030.
Thanks to its stable political environment, recent regulatory and financial reforms, and ongoing infrastructure development, the country is attracting domestic and global interest in sectors such as banking, telecommunications, energy, real estate and mining.
Economic Analysis: Côte d'Ivoire
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 and viewpoints.
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.
The sustainability of cocoa production in Côte d’Ivoire has become one of the top priorities of both public and private stakeholders.
On the advantages of growing levels of digitalisation
Economic activity may be carried out directly by a natural person; the economic agent is then referred to as an individual entrepreneur, of which the status of entrepreneur is a variant, resulting from the OHADA 2014 reform on general commercial law.
In Côte d’Ivoire, the preparation of finance laws traditionally includes a consultation between the private sector and the tax administration. This is an opportunity for companies to initiate tax reforms that could affect activities related to their industry.
Why Côte d'Ivoire is one of the fastest-growing economies
Role of renewables in Côte d'Ivoire's energy mix
How Côte d'Ivoire is making cocoa sustainable
Eric N’Guessan, Managing Partner, EY Côte d’Ivoire: Viewpoint
Understanding Côte d'Ivoire's legal framework for companies
How do Côte d’Ivoire’s tax regulations offer investment opportunities?
Côte d'Ivoire Economic Research & Views
The primary and secondary sectors will largely drive the Ivorian economy in the coming years. Some of the government’s development objectives include adding value to these sectors, addressing broader human resources issues and improving corporate governance. The human capital and governance aspects are important to include in this broader strategy, as ensuring coordination between private and public sector efforts is crucial to long-term growth. In the case of the agriculture sector, many small-scale...
Key reforms are lowering barriers to foreign direct investment (FDI) and improving the ease of doing business in Côte d’Ivoire as the country looks to rebound from the Covid-19 pandemic. The government aims to increase foreign and private investment to 72% of the total and process at least 50% of raw export commodities domestically by 2030.
As governments across Africa look to bolster the economic potential of small and medium-sized enterprises (SMEs), industrial parks and special economic zones (SEZs) are emerging as key enablers of their development.
A number of sub-Saharan African countries have sought to introduce taxes on electronic transactions, in response to a sustained uptake prompted by the pandemic. While such moves have been met with criticism, they represent an opportunity to significantly boost tax revenue.
Bernardo Bruzzone, Africa Regional Editor at OBG, recently held a discussion with Alexis John Ahyee, Executive Director for West and Central Africa of HEC Paris, and with Nadia Kouassi Coulibaly, Head of Research of AVCA.
Côte d'Ivoire’s first Covid-19 case was recorded on March 11 and it now has one of the highest numbers of reported cases in Africa.
On fuelling economic growth in Africa through insurance penetration
This webinar had among its speakers Bernardo Bruzzone, OBG´s Regional Editor for Africa. M. Bruzzone made a presentation about Investing in Sub-Saharan Africa, highlighting opportunities in the Infrastructure, Renewable Energies, Agro-Industry and ICT sectors.
On how technology is helping in the fight against Covid-19
This Growth & Recovery video highlights important aspects of the recently launched Agriculture in Africa 2022 Focus Report, recently published in partnership with OCP Group. It explores the role of sub-Saharan Africa's agriculture sector in meeting the food security needs of growing populations and supporting efforts to reduce carbon emissions.
Côte d'Ivoire within Africa: Regional Focus Report
Although stock exchanges on the continent were affected by the Covid-19 pandemic, recovery is starting to take shape. The crisis underlined the need to build resilience and diversify the investor base
While Africa has the potential to feed the world's population in the coming years, in order to accomplish this, land must be developed sustainably by addressing pressing issues such as deforestation and inefficient agriculture practices. This focus report explores avenues to boost productivity through circular and green economy practices, such as water reuse and converting organic waste into productive inputs, alongside climate-smart interventions.
This Focus Report explores the current state of governance, risk-management and compliance (GRC) trends across West and Central Africa. Even if progress is being made on many fronts, led primarily by the central banks of regional economic unions and alliances, further changes are needed to improve the business climate and unlock the region's full potential as an investment destination.
Economic zones in Africa have had a significant impact on trade volumes across the continent, as well as on job creation and foreign direct investment inflows. The African Continental Free Trade Area agreement presents an opportunity to extend the activities of these zones and promote intra-African trade, developing regional value chains and industrial complementarity in the process.
With over 391m inhabitants in 2019, West Africa is home to nearly 37% of the sub-Saharan population, but with the exception of South Africa, the subregion relies almost entirely on imports to meet its medical device needs, and local production remains relatively low.
With a large youth population and growing network penetration, Africa has demonstrated its ability to innovate and technologically leapfrog mature markets.
While West Africa is one of the largest producers of cotton, it has the ability to process less than 2% of the crop locally; around 90% is exported to markets in Asia, where value is added through spinning and weaving.
Focus Report: Post-pandemic trends and opportunities on African stock exchanges
Focus Report: How can agriculture in Africa meet the challenges of the future?
Focus Report: How are GRC trends evolving in West and Central Africa?
Focus Report: Investment opportunities in African economic zones
Focus Report: Investment opportunities in West Africa's health sector
Focus Report: How is Africa positioned as a destination for data centres?
Report: How can West Africa boost its textile and garment industry in a sustainable way?
Beyond Côte d'Ivoire: Economic Analysis from African Nations
Nigeria is the biggest economy in Africa and has one of the largest proven oil reserves in the continent according to the World Bank. The country has developed an investment-friendly business climate over two decades of civilian rule and in the nearly 60 years since independence, boosted by its oil and gas wealth, and the entrepreneurial spirit of its young population.
Marking 10 years of Oxford Business Group’s coverage of the country, The Report: Ghana 2022 details how the West African nation navigated the Covid-19 pandemic crisis and has emerged in a position of comparative strength.
In this Global Platform video Kojo Aduhene, CEO of LMI Holdings, emphasises the importance of industrialisation for the African continent, as well as the key role the private sector can play in securing the necessary infrastructure. Regional integration, sustainability and job creation will be key to future growth.
Oxford Business Group has recently launched its “Morocco Economic Recovery Report”, produced in partnership with the Moroccan Agency for the Development of Investment and Exports (AMDIE).
Although Benin is known as a cotton producer and is actively working to boost value-added activities in the textiles and garments sector, the country has also been looking to increase its industrial footprint more broadly, leveraging large-scale projects to expand its energy and transport infrastructure and develop special economic zones (SEZs).
As a free zone operating outside of Libyan domestic trade legislation, Misurata Free Zone (MFZ) is seeking to leverage its competitive advantages – including complete exemption from national commercial registration obligations and 100% foreign ownership of MFZ-based companies – to establish itself as a gateway to Africa.
This Focus Report explores recent efforts to strengthen local production capacity, research new varieties and pest-control strategies, improve irrigation and water efficiency, and expand farm machinery uptake. It also analyses the expected economic impact of the African Continental Free Trade Area and its potential to facilitate the sugar industry’s expansion into untapped markets.
Highlights from The Report: Nigeria 2022
Highlights from The Report: Ghana 2022
Industrialisation is key to Africa's integration and future economic growth
Highlights from our Morocco Economic Recovery Report
Focus Report: How Benin is attracting investment through industrial transformation
Focus Report: Misurata Free Zone positions itself as a gateway to Africa
Focus Report: Opportunities and challenges in Zimbabwe’s sugar industry
For many countries across Africa, agriculture remains one of the most important sectors of the economy. Agriculture accounts for 14% of total GDP in sub-Saharan Africa, and a majority of the continent’s population is employed in the sector.
ESG Analysis - Côte d'Ivoire and beyondEconomic News
While uncertainty abounds in global energy markets amid Russia’s ongoing invasion of Ukraine, African leaders are increasingly looking to the private sector to finance investment in clean energy ahead of the COP27 UN Conference on Climate Change, to be held in Sharm El Sheikh, Egypt in November 2022.
Across government departments, corporate board rooms and management meetings, the implementation of environmental, social and governance (ESG) strategies is at the forefront of current planning.
Automotive stakeholders are increasingly aware that the business-as-usual scenario that has sustained the industry for more than 100 years is no longer tenable. Regulatory changes and emissions-reduction targets at the national and global level are spurring a pivot to low-carbon and zero-emissions vehicles.
With textiles and fashion expected to constitute an important post-Covid-19 growth driver for West Africa, stakeholders and key players in the industry are exploring ways to implement sustainable practices and make the sector more environmentally friendly.
Covid-19 and the resulting fall in oil prices and demand has helped to accelerate a global shift towards renewable energy. While a number of sub-Saharan African countries continue to rely heavily on fossil fuels, the region is expected to benefit from the growing market for minerals central to this shift.
Guided by the Vision 2030 strategy for diversification, rapid advancements are being made in Saudi industry, mining, logistics and renewable energy. As the Kingdom works towards reaching net-zero carbon emissions by 2060, corporations and supporting bodies such as the Saudi Industrial Development Fund are taking actions to reduce their carbon footprints and adopt clear environmental, social and governance (ESG) policies to ensure future expansion is sustainable and inclusive.
Environmental, social and governance issues are a growing focus in Mexico, particularly social inclusion and transparency, followed by other governance and environmental matters. The financial sector has taken a leadership role in this space by pursuing voluntary initiatives to bolster anti-corruption efforts and encourage the adoption of ethics codes in the sectors in which it operates.