Africa > West Africa > Cote d'Ivoire > Banking / Investment

Banking / Investment in Côte d'Ivoire

  • 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%.
  • 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.
  • Why governments need to support the financial sector to meet the unserved needs of smallholder farmers

    BOTSWANA, 2017/09/09 This year, under the leadership of H.E. President Alassane Ouattara and the theme of “Accelerating Africa’s Path to Prosperity: Growing Inclusive Economies and Jobs through Agriculture”, the African Green Revolution Forum (AGRF) 2017 is shaping up as a premier platform to showcase ongoing evolution in Africa’s agricultural transformation schedule and to scale up the political, policy, and financial commitments needed to achieve the Malabo Declaration and the world development schedule around the Sustainable Development Goals (SDGs). Following the launch of the landmark annual Africa Agriculture Status Statement (ASSR) at the AGRF taking place in Cote d’Ivoire from 4-8 September 2017, the major conclusion centres around the power of entrepreneurs and the free market in driving Africa’s economic increase from food production. This is owing to the fact that a lot of businesses are waking up to opportunities of a rapidly growing food market in Africa that may be worth additional than $1 trillion each year by 2030 to substitute imports with high price food made in Africa.
  • We live in a region with strong growth

    BENIN, 2016/08/18 Turnover on West Africa’s BRVM bourse additional than doubled over the completed year, reaching 209.26 billion CFA francs ($362.2 million) in late May. “We benefited from a favorable context. We live in a region with strong increase,” Edoh Kossi Amenounve, the manager of the stock exchange told reporters on Tuesday.
  • ECOWAS Bank to focus on economic growth

    BENIN, 2015/07/28 The ECOWAS Bank for Investment and Improvment(EBID) says it would continue to focus efforts on providing support to private and public sector initiatives to grow the economies and create jobs in the sub-region. Mr Bashir Ifo, EBID President, said everything would be done to lift the people out of poverty and transform their economic situation. Evidence of this, he said could be seen from the bank’s assistance in areas of infrastructure, agriculture and private sector development.
  • An Ivorian delegation led by Prime minister, Daniel Kablan Duncan,

    ABIDJAN, 2014/05/25 An Ivorian delegation led by Prime minister, Daniel Kablan Duncan, on Wednesday began a mission to Burkina Faso to evaluate the friendship and cooperation treaty between the two nations, official sources told PANA. During the visit, which ends on Saturday, the delegation will review with the northern neighbour the activities for the next top conference of their friendship and cooperation treaty to be held on 28-29 July in the Burkina capital, Ouagadougou. In addition to meetings with the senior Burkina officials, inclunding president Blaise Compaoré and the Speaker of Parliament, Soungalo Appolinaire Ouattara, the Ivorian delegation will visit the Job equitable, the professional reference centre in Ziniairé, 40 km north of Ouagadougou.
  • Uganda and Côte d’Ivoire receive US Treasury Awards for Development Impact

    UGANDA, 2013/07/26 Two outstanding African Development Bank (AfDB) ( initiatives, based in Uganda and Côte d’Ivoire, received Development Impact Honors on Thursday, July 25 from the US Treasury Department in an awards ceremony in Washington, DC. The AfDB is the initial multilateral development bank (MDB) to receive recognition for two projects in the same year. This year’s selected projects included the AfDB’s Emerging from Conflict/Multisector Support Project in Côte d’Ivoire, which focuses on restoring social services and reducing gender-based violence in post-conflict Côte d’Ivoire, and the Community Agricultural Infrastructure Development Programme in rural Uganda.