Cote d’Ivoire has seen rapid growth since a decade-long bout of civil unrest ended in 2011. The largest economy in UEMOA, and the third largest in ECOWAS, the country accounts for more than 30% of the eight-member bloc’s GDP.
Côte d'Ivoire Financial Services
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As the established banking centre of the West African Economic and Monetary Union (Union Economique et Monétaire Ouest-Africaine, UEMOA), Côte d’Ivoire’s financial services industry has sustained double-digit growth since emerging from the national crisis in 2011. The market still faces legacy issues, such as high aggregate non-performing loans and under-performing public lenders, but...
A heavyweight within the West African Economic and Monetary Union, accounting for 35% of the eight-member region’s GDP, Côte d’Ivoire’s growth is a bellwether for Francophone West Africa. An ambitious government spending programme and a range of pro-business reforms are set to boost economic activity going forward.
An overhaul of the regional insurance regulations in the West African CFA zone is expected to yield its best results in Côte d’Ivoire, the largest market in the sub-region. With a penetration of about 3%, according to the country’s insurance association, the Association des Sociétés d’Assurances de Côte d’Ivoire (ASA-CI), insurers are only just scraping the surface of the market’s potential.
Chapter | Capital Markets from The Report: Cote d'Ivoire 2013
Regionalism is a feature not only of Francophone West Africa’s monetary regime and banking sector, but also of its financial markets. The bond market is dominated by sovereign issues from Côte d’Ivoire and Senegal, the two largest economies in the region. The equity market has two capitalisations – Sonatel and Ecobank Transnational Incorporated – while most of the companies listed from Côte d’...
After decades of turbulence, the Ivoirian banking sector is experiencing something of a renaissance. Like the economy, Côte d’Ivoire’s banking sector was growing robustly until a crisis brought on by enthusiastic lending struck in the early 1980s. Bank defaults during this period cast a long shadow, paving the way for a steady increase over the years in cash transactions. The subsequent unrest...