After contracting by 10% in 2016, the new vehicle market grew by 9% in 2017. This recovery continued in 2018 when the sector expanded by 14%, with a total of 11,376 units sold. This strong performance can be attributed to a combination of factors, including the resumption of public orders; resumed activity in the construction sector; increased...
As Côte d’Ivoire seeks to consolidate its position as the leading financial centre in West Africa, the environment for private equity funds has been improving in recent years. Not only is the country’s economic capital Abidjan home to the Bourse Régionale des Valeurs Mobilières (BRVM), the regional exchange for the eight countries of UEMOA,...
A considerable degree of dynamism was unleashed on West Africa’s stock exchange, the Bourse Régionale de Valeurs Mobilières (BRVM), with the economic comeback of Côte d’Ivoire in 2011 following over a decade of civil unrest. Recently, however, the country’s overall economic performance and that of the stock market have diverged. While the...
Côte d’Ivoire’s banking sector has been a critical instrument for the country’s economic recovery. As several sectors returned to growth following the end of political and military unrest in 2011, Ivorian banks helped finance expansion in infrastructure, energy, industry, agriculture and services. As a result of this revival, the economy has...
When it comes to widespread access to financial services, no other mechanism has been able to compensate for the shortcomings of the traditional banking system like mobile banking services. As mobile operators have expanded their offerings, such as the transfer of money between telecoms users, mobile money has become a lifeline for traders,...
Côte d’Ivoire’s high level of regional integration is evidenced in numerous ways: it is a net exporter of energy, has ratified free movement protocols of the regional economic blocs it belongs to – including ECOWAS and the Community of Sahel-Saharan States – and has played its part in successfully implementing convergence agendas set by the...
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