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...
For the rural and urban poor, asset losses can be devastating. With little or no savings, a disaster could mean homelessness, while the death of a breadwinner can render an entire family destitute. Sidelined by traditional insurance, the poor have had to find alternative mechanisms by seeking support from their communities. Insurers in Côte d’Ivoire...
It is amazing the difference a few years can make. Over the course of 2012, Côte d’Ivoire has seen a significant improvement in both its current performance and its outlook for short-, medium- and long-term growth. While there remains plenty to be done, the improvement marks something of a return to form for the world’s largest cocoa producer.
Amid the eurozone’s well-publicised difficulties, one might be forgiven for thinking monetary unions are falling out of fashion. However, the appetite for shared currencies is still strong in Africa, with two large regional groupings already proving their benefits, in Francophone West Africa and Francophone Central Africa. Although they are smaller-...
Côte d’Ivoire has seen a dramatic turnaround in its fiscal health in recent years, with an improving outlook for headline growth and a reduced debt load. When the Ivoirian economy hit the skids from the late 1970s onwards, its debt levels spiralled ever higher, increasing ten-fold between 1975 and 1995. Private sector creditors predominated until...
The tax system in Côte d’Ivoire is based on the legislation that existed at the time of the country’s independence in 1960. It has since undergone several amendments intended to take into account the country’s economic and social evolution and budgetary constraints. A powerful and qualified tax authority enforces taxpayers’ obligations.
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