Economy in Côte d'Ivoire

  • 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 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.
  • Africa Convergence: Towards Africa's economic growth

    BOTSWANA, 2017/10/05 To surpass the current physical and mental borders which are hindering the development of the African continent, conference the digital challenge to achieve an Integrated and sustainable economy for increase. This was the issue on the schedule of the second Africa Convergence Conference was attended by about 30 speakers from all sectors of activity and about 300 CEOs for an unprecedented dialogue on the next of the continent. As well on the table for discussion was : regional integration, financing, unearthing talents and emerging issues related to the harmonization of economies.
  • Africa’s economic growth in 2016 was driven by East Africa

    BOTSWANA, 2017/08/20 While the continent’s major economies were hit by the fall in commodity prices in 2016, Africa retained its position as the second-fastest growing continent globally recording an average of 2.2% GDP increase, behind only South Asia, according to the African Development Bank Group (AfDB). Much of Africa’s increase in 2016, AfDB says, was driven by East Africa where several nations recorded “strong performances.” In general, of the continent’s sub-regions, East Africa posted the highest increase rate with 5.3%, led by Ethiopia.
  • West Africa BCEAO central bank holds interest rates unchanged

    BENIN, 2017/07/19 West Africa's BCEAO central bank held its benchmark interest rate unchanged at 2.5 %, the bank's director of monetary analysis Antonin Sourou Dossou said in a statement on Wednesday.
  • Global economic gravity rapidly pulling towards Africa

    BOTSWANA, 2017/06/20 The second International Conference on the Emergence of Africa (ICEA) was held in Abidjan, Côte d’Ivoire, in March 2017. Since the initial conference in 2015 — at a time of robust economic increase on the continent — hopes for economic evolution have dimmed because of a crash in the price of commodities, volatile world financial markets and a slowdown in world increase. Before departing New York to attend the second ICEA conference, jointly organised by the World Bank, the African Development Bank and the United Nations Development Programme (UNDP), Assistant Secretary-General of the UN and chief of UNDP’s Regional Bureau for Africa Abdoulaye Mar Dieye sat down for an interview with Africa Renewal’s Kingsley Ighobor to talk about Africa’s economic development opportunities and challenges.
  • Take responsibility for transforming your countries – Akufo-Addo

    BOTSWANA, 2017/06/15 President Nana Addo Dankwa Akufo-Addo has urged African leaders to assume responsibility for the transformation of their economies, and depart from the mindset of aid, dependency and charity. “If we, Africans, are to transform our stagnant, jobless economies, built on the export of raw materials and unrefined goods, to price-added economies that provide jobs, to build strong middle-class societies and lift the mass of our people out of dire poverty, again we must take our destinies into our own hands and assume responsibility for this,” he stated on Monday at the same time as addressing the G-20 Partnership for Africa Summit, currently taking place in Berlin, Germany.
  • Rise of middle class, fact or fiction

    BOTSWANA, 2017/04/26 White-walled tyres on his bike appear to elevate a trendy young man from the lower classes but the question is whether he is contributing towards sustainable economic increase. THE middle classes in the world south have gained growing attention since the turn of the century, mainly through their rapid ascendancy in the Asian emerging economies. A side result of the economic increase during these “fat years” was a relative increase of monetary gain for a growing number of households. This as well benefited some lower gain groups in resource-rich African economies. A lot of part these crossed the defined poverty levels, which were raised in late 2015 from $1.25 (R16) a person a day to $1.90. As some economists had suggested, from as little as $2 they were considered as entering the “middle class”.
  • Insurance in Cote D’Ivoire Nurturing a culture of insurance in Cote D’Ivoire

    ABIDJAN, 2017/03/04 Bernard Asso Abouo, Managing Director of La Loyale Group in Côte d’Ivoire, discusses the evolution of the insurance industry in the country Over the past few years, there has been strong growth in the insurance sector in Cote D’Ivoire, which is a very competitive market. How do you explain this outstanding development in insurances in Côte d’Ivoire? Insurance is a bit of culture, which is the nature of Africa. Here, insurance is akin to solidarity, because the African person and solidarity go hand in hand; that is to say that an African cannot remain indifferent to a problem, he will try to provide assistance as well as he can. Unlike this help that comes after the harm is done, we act through preventive measures: the money you have set aside little by little will help you in case of need. Therein lies all the difference with the African understanding of solidarity. Since the moment we understood this, we have tried to follow the example, because we have been to Europe and all around the world, and this is how it works.