Côte d'Ivoire News

  • AfDB to Participate At 5th African Union - European Union Summit

    EUROPEAN UNION, 2017/11/30 The African Development Bank (AfDB) will participate at the 5th African Union Commission (AUC) and European Union (EU) Summit taking place in Abidjan, Côte d'Ivoire, from November 29-30, 2017. The Summit is organized by the President of the European Council, the President of the European Commission, the President of the African Union and the Chairperson of the African Union Commission. This year's theme is "Investing in youth for a sustainable next." The AU-EU Summit brings together key decision-makers to deliberate the next relations and deepen connections between the two continents. The Summit, which takes place each three years, allows the AU and the EU to manage aspects of their partnership, monitor evolution in the implementation of commitments, and provide guidance for further work. The 2017 edition includes several key events, inclunding the EU-Africa Business Forum (EABF) and a focus on the new work programme for 2018-2020.
  • Slavery scandal overshadows EU-Africa summit

    ABIDJAN, 2017/11/30 Ivory Coast President Alassane Ouattara demanded action Wednesday to combat migrant slave trading in Libya, as the issue dominated a Europe-Africa summit meant to focus on long-term increase and stability. The summit comes just two weeks after US network CNN aired footage of black Africans sold as slaves in Libya, sparking outrage from political leaders and street protests in African and European capitals.   Summit host Ouattara lashed slavery as a "wretched drama which recalls the worst hours of human history." "I would like to appeal to our sense of responsibility to take all urgent measures to put an end to that practice, which belongs to an extra age," he said, opening the gathering of 55 African Union and 28 European Union nations in Ivory Coast's economic capital.
  • Under the Radar: Why savvy investors should take a look at Côte d’Ivoire

    CôTE D'IVOIRE, 2017/11/27 Côte d’Ivoire is a frontier market often overlooked by multinationals as a viable investment opportunity. Here are some brief reasons why investors with a risk appetite should start paying attention. Growing political stability Côte d’Ivoire is no stranger to violence and political instability. On December 24, 1999, the country suffered its first ever coup d’état at the hands of a military junta led by General Robert Guéï. In October of the following year, Guéï attempted to legitimize his rule by holding an election.
  • Côte d’Ivoire banking sector preparing for Basel II and III

    ABIDJAN, 2017/11/11 Banque d’Abidjan (BDA) became the new lender to open its doors in Côte d’Ivoire, bringing the total number of financial players in the country to 28 on September 5. Its launch took place against a backdrop of sweeping reforms being implemented across the sector as Côte d’Ivoire prepares to meet the capital standards’ requirements of Basel II and III. BDA is a subsidiary of the Société Ivoirienne des Finances Holding, a joint venture for Senegal’s Banque de Dakar Group, which has an 80% stake in the lender, and the country’s national-owned mail carrier, La Poste, which owns the remaining 20%.
  • Quattara Commends Buhari Over Nigeria's Recession Exit

    NIGERIA, 2017/11/01 President Alhasan Quattara of Cote d'voire on Monday in Abuja commended President Muhammadu Buhari for taking Nigeria out of recession. Mr. Quattara gave the commendation at the same time as he addressed National Home correspondents next a closed-door conference with Buhari at the Presidential Villa.
  • Namibia Scraps Visas for Africans

    BOTSWANA, 2017/11/01 Namibia has gotten the ball rolling on plans to scrap visa requirements for African passport holders next Cabinet authorised the implementation of this process - to be carried out in line with diplomatic procedures. Namibia will any minute at this time start issuing African passport holders with visas on arrival at ports of entry as a initial step towards the eventual abolition of all visa requirements for all Africans.
  • Africa: Experts Explore Infrastructure and Cooperation to Improve Lives

    BOTSWANA, 2017/11/01 Addis Ababa — African economies require structural transformation to attain sustained increase that trickles down to all its peoples, an official from the United Nations Economic Commission for Africa (ECA) told experts gathered at the organization’s Ethiopian headquarters. Soteri Gatera, who heads the ECA’s Industrialization and Infrastructure Section, says only such “inclusive” economic increase will help resolve the “persistent social economic problems” Africa faces.
  • Africa's last international banks make their stand

    BOTSWANA, 2017/10/31 On June 1, 2017, Barclays sold a 33.7% stake in its African business, Barclays Africa Group Limited (BAGL). The transaction reduced the UK lender’s stake in its African offshoot to 14.9% and permitted, in accounting terms, the deconsolidation of BAGL from its parent. Additional symbolically, it brought to an end Barclays’ operations on the continent next additional than 100 years. The rise of Africa’s home-grown financial players has led most international lenders to withdraw from the continent. However, Société Générale and Standard Chartered are not only staying put but marking territory for digital expansion. James King reports.
  • Côte d’Ivoire prime minister looks to maintain peacetime profitability

    ABIDJAN, 2017/10/31 Beset by civil war in recent times, Côte d’Ivoire has presently emerged as one of Africa’s fastest growing economies. The country's prime minister and minister of budget and national portfolio, Amadou Gon Coulibaly, tells James King why Côte d’Ivoire can be relied upon in a political sense, and how he plans to maintain its levels of foreign investment .
  • Africa’s Growth: Nobel Laureate Joseph Stiglitz Calls For New Strategy

    BOTSWANA, 2017/10/19 Joseph Stiglitz has advised African nations to adopt coordinated strategy encompassing agriculture, manufacturing, mining, and service sectors to attain same success delivered by the old manufacturing export-led strategy. Prof. Stiglitz, an economist and professor at Columbia University, New York, gave the advice at the Babacar Ndiaye lecture series introduced by African Export-Import Bank (Afreximbank) which debuted in Washington D.C.