Côte d'Ivoire Energy

With the recent economic growth spurt serving as a testament to Côte d’Ivoire’s recovery, the subsequent increase in energy consumption has also highlighted gaps in provision. Under pressure to satisfy growing domestic demand and to consolidate its position as a regional energy supplier, the power segment is currently going through an ambitious...

Economic growth of 8.8% in 2013, an estimate of around 9% for 2014 and a forecast of nearly 8% for 2015 are all testaments to the robust recovery under way in Côte d’Ivoire. However, this success has also brought deficiencies in energy supplies to the fore. Rising household consumption and industrial activity has seen demand for power grow by an...

Despite underinvestment due to the country’s civil unrest, Côte d’Ivoire’s power infrastructure is well developed by regional standards and is of strategic importance to several nearby countries. The country’s first cross-border connection was established in 1994 with its eastern neighbour Ghana. While exchanges between the two nations have been...

While Côte d’Ivoire’s offshore oil basin has attracted foreign players since the early 1970s, a lack of sizeable findings and rising production costs led to a slump in activity from the late 1980s onwards. This changed at the turn of the millennium when enhanced oil recovery techniques and the prominence of the Gulf of Guinea’s sedimentary basin...

Broad economic recovery, with real GDP growth at 8.7% in 2013 — albeit from a low base — bodes well for Côte d’Ivoire’s retail sector. According to the IMF, the country’s current positive macro-economic outlook is supported by “sustained strong domestic demand”, aided in part by low inflationary pressure of 1.2%. The forecast, combined with a...

The government has set up an export council charged with implementing a strategy to diversify the world’s leading cocoa exporter away from its traditional markets and provide a roadmap for realising opportunities related to mining and rubber, among other segments.