Although the country’s insurance sector is progressing each year and has a substantial direct and indirect impact on the economy and job creation, the penetration rate – measured as premium relative to GDP – remains low. The factors contributing to the low penetration rate include a lack of public awareness and education about the industry as a whole. However, new opportunities are expected to...
Côte d'Ivoire Financial Services
After achieving a region-leading economic recovery in the decade since political stability was established, future growth and industrialisation strategy will continue to be shaped by the National Development Plan 2021-25, which constitutes a holistic approach to achieving emerging market status and meaningful poverty reduction by 2030.
Displaying 1 - 6 of 149
Interviews & Viewpoints | Tiémoko Meyliet Koné, Former Governor, Central Bank of West African States (Banque Centrale des Etats de l’Afrique de l’Ouest, BCEAO): Interview from The Report: Cote d'Ivoire 2022
What measures can be taken to increase the volume of credit and encourage long-term financing?
Articles & Analysis | How is stronger legislation is tackling cryptocurrency crime from The Report: Cote d'Ivoire 2022
Amid record levels of cryptocurrency crime, many emerging markets are looking at ways to strengthen their cryptocurrency-related protections. The incidence of cryptocurrency-linked crime is increasing as the uptake of the payment medium rises rapidly and broadly. A record $14bn in digital currencies was transferred to illegal addresses in 2021, according to blockchain data...
Articles & Analysis | How is digital banking increasing inclusion in Côte d’Ivoire? from The Report: Cote d'Ivoire 2022
The availability and affordability of financial services such as payments, savings, credit and insurance are central to financial inclusion. Rural populations, women and low-income groups in Côte d’Ivoire have historically had less access to financial services, which has impeded growth and economic activity. The comparatively high cost of traditional banking products has also...
Interviews & Viewpoints | Aymeric Villebrun, CEO, Société Générale Côte d’Ivoire: Interview from The Report: Cote d'Ivoire 2022
Articles & Analysis | How governments solve revenue gaps with taxes on mobile transactions from The Report: Cote d'Ivoire 2022
A number of sub-Saharan African countries have sought to introduce taxes on mobile transactions, in response to the sustained uptake prompted by the Covid-19 pandemic. While such moves have been met with criticism, they represent an opportunity to boost tax revenue significantly. The Covid-19 pandemic and its knock-on effects gave rise to a sharp increase in electronic...
Articles & Analysis | How digital currencies fuel financial competition in Côte d’Ivoire from The Report: Cote d'Ivoire 2022
Côte d’Ivoire’s banking sector has played a key role in the country’s post-2012 economic recovery and growth, financing large-scale infrastructure projects, private sector industrial expansion, agricultural activity and the services industry. Sector players have remained largely unchanged during this time, with 29 banks and two financial institutions operating in the country,...