– Covid-19 has accelerated the shift from hydrocarbons to renewable energy sources – While investment in oil and gas slumped, renewables remained resilient throughout 2020 – Cobalt, nickel and copper are central to the production of rechargeable batteries – With its vast reserves, sub-Saharan Africa stands to benefit from the surge in demand Covid-19 and the resulting fall in oil prices…
Côte d’Ivoire’s burgeoning middle class and economic growth has supported the steady development of the retail sector in recent years. According to the World Bank, the share of Ivorians living on less than $1.90 per day fell from 34% in 2011 to 28% in 2015, the most recent year for which this information is available. In the wake of economic progress and improved political stability, the…
Côte d’Ivoire has recently attracted a raft of investments that are set to increase the country’s capacity to process its raw agricultural production. These follow government initiatives to develop the agro-industrial segment and boost local value addition, which are among the country’s top economic goals. Cocoa Grinding Agro-industrial companies involved in cocoa have made some of…
Government initiatives to strengthen Côte d’Ivoire’s industrial base have continued to yield results. However, despite public investment and government policies that have attracted private participation to the industrial sector, 2020 is likely to be a challenging year, with firms waiting to invest due to supply chain disruptions and the negative demand-side effects of the Covid-19 pandemic.…
Interview:Souleymane Diarrassouba Which industrial segments hold the greatest potential for growth in Côte d’Ivoire? SOULEYMANE DIARRASSOUBA: The government’s stated goal under its industrialisation plan is to significantly increase the contribution of the industrial sector to wealth creation and employment. Specifically, this involves strengthening the link between production and processing…
Interview:Abdelmajid Touzani In what ways can the government and the private sector further promote raw materials processing? ABDELMAJID TOUZANI: Upon Côte d’Ivoire’s independence, President Félix Houphouët-Boigny invested a lot of financial resources in to making agriculture the base of the Ivorian economy. Currently, the agriculture sector employs almost 70% of the total workforce…
Government initiatives to strengthen Côte d’Ivoire’s industrial base have continued to yield results. Following the August 2018 implementation of the new Investment Code, which was modified one year later, companies operating in agro-industry – one of the main pillars of the industrial sector – have invested hundreds of millions of dollars in processing facilities, as well as established…
Government initiatives to strengthen Côte d’Ivoire’s industrial base have continued to yield results. Following the August 2018 implementation of the new Investment Code, which was modified one year later, companies operating in agro-industry – one of the main pillars of the industrial sector – have invested hundreds of millions of dollars in processing facilities, as well as established…
Small and medium-sized enterprises (SMEs) are the engines of global economic growth and employment, accounting for an average of 33% of GDP and 45% of the workforce in high-income countries, and over 60% of GDP and 70% of employment in developing economies. In the case of the latter, the rise in the number of SMEs has been crucial to economic diversification and resilience, particularly in…
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, youthful population driving the country forward. Spread across a wide range of ecosystems, from tropical rainforests to dry savannah, the former French colony is a mosaic of ethnicities, languages and religions.To address the economic ch