On creating an enabling business environment In what ways can the banking sector in Côte d'Ivoire support the government's efforts to achieve the growth targets set by the National Development Plan 2021-25?ISSA FADIGA: 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…
En Français 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. Growth trajectory Following the global…
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Côte d’Ivoire is exploring new friendships, in addition to its traditionally close alignment with France and the West. While the years of conflict chipped away at the country’s regional influence and international diplomatic ties, today Côte d’Ivoire is a crucial member of the regional security infrastructure, notably in opposing the threat of extremism in the Sahel. French Connection In…
Interview:Kandia Camara To what extent could Côte d’Ivoire’s membership in the African Continental Free Trade Area (AfCFTA) strengthen trade ties? KANDIA CAMARA: Côte d’Ivoire is working to boost the value of investment in the country from 23.1% of GDP in 2021 to 27.1% in 2025. This will factor in an increase in the private investment rate from 16.5% of GDP in 2021 to 20.5% over the…
Despite global supply chain challenges, the value of trade between China and Africa rose to record levels in 2021. The increase partially reflected a shift in China’s policy away from government-backed investment towards enhanced trade and cooperation. According to the Chinese Customs Agency, the value of the country’s trade with Africa rose by 35% to $254bn that year, driven by an increase in…
Interview:Franck Riester How would you assess the level of economic cooperation between France and Côte d’Ivoire? FRANCK RIESTER: Côte d’Ivoire is a major economic partner for France, and our economic cooperation is long-standing and dynamic. This is the reason why our trade has grown since 2014 and has been able to withstand the impacts of the Covid-19 pandemic. In fact, in 2020 Côte…
Financial technology (fintech) firms are gaining market share that was formerly the preserve of established remittance service providers. Remittances have grown in importance in recent years and today constitute the largest source of foreign income for many developing economies. They also tend to be countercyclical, increasing during economic downturns or natural disasters when other capital flows…