TAG: Africa
The return of political stability in 2011 and the sustained growth that ensued have brought Côte d’Ivoire back into the economic and business spotlight in recent years. Average annual GDP growth of around 9% between 2011 and 2016 placed the country as one of the best performing economies globally. On a regional scale, Côte d’Ivoire has re-emerged as a strong advocate of economic and trade integration in West Africa.
As a strong advocate of economic and trade integration in West Africa, Côte d’Ivoire has placed great emphasis on rebuilding and extending region-wide infrastructure networks. Such efforts have the local business community upbeat, with 68% of the 100 respondents in the 2019 edition of the Business Barometer: Côte d’Ivoire CEO Survey saying the African Continental Free Trade Agreement will have a positive or very positive impact on intra-regional trade. While moves to encourage economic diversification are well under way, the majority of executives (33%) say that agriculture will remain the primary driver of economic growth in 2025, closely followed by industry (30%).