While the bulk of retail bank operations in Côte d’ Ivoire are still conducted through traditional branches, digitalisation has already revolutionised the sector, and there is little evidence that this trend will slow down as technology penetration continues to rapidly expand. Individuals have been able to carry out basic transactions using...
THE COMPANY: Vivo Energy CI is a joint venture between Vitol (40%), Helios Investment Partners (40%) and Shell (20%). The group obtained the licence to distribute and market Shell-branded fuels and lubricants in 16 African countries on December 1, 2011. In Côte d’Ivoire, Vivo Energy CI is the second...
THE COMPANY: Established in 1968, Uniwax is an Ivorian company engaged in the manufacturing, production and distribution of wax-coated fabrics in local and export markets. A subsidiary of the Vlisco Group, Uniwax has inspired Ivorian and sub-regional fashion for years with the Wax fabric. Uniwax...
Ever since emerging from its decade-long political and security crisis in 2011, Côte d’Ivoire has experienced an aggregate growth rate of around 9%, which has benefited the country’s financial services industry. The banking sector has seen sustained double-digit growth since 2011, reinforcing the country’s role as the UEMOA bloc’s primary...
The Basel III banking accords mark the latest step in the process of harmonising financial regulations across markets, but the nature of their focus – and some of the problems they seek to solve – mean that their relevance to Africa’s emerging and frontier markets can sometimes be limited.
What can be done to increase banking penetration and savings rates?
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