With growing demand for electricity both at home and abroad, Côte d’Ivoire’s energy network is in need of diversification and further initiatives to expand power production. With the Council of Ministers adopting six decrees aimed at liberalising the electricity sector in October 2016, the government is counting on private investment to reach its goals. The push for oil exploration and...
Once considered West Africa’s industrial powerhouse, Côte d’Ivoire’s manufacturing sector was badly affected by a decade of political unrest that curtailed further expansion. However, this is gradually being reversed as political stability and consecutive years of economic growth are enhancing the environment for industrial development and helping to diversify the country’s production base....
The insurance sector in Côte d’Ivoire has been posting solid growth figures for years. The pickup in the country’s economy after 2012 has made the sector increasingly attractive, prompting the arrival of new competitors aiming to establish a foothold in West Africa’s biggest insurance market. The influx of foreign players, coupled with regional regulatory changes, are poised to transform what...
Côte d’Ivoire’s capital markets are closely linked to the broader fortunes of the eight-state UEMOA of which it is a member. The country is also home to West Africa’s regional stock exchange, the Bourse Régionale des Valeurs Mobilières, one of the fastest-growing stock exchanges on the continent. On the back of strong macroeconomic growth, equity activity has been increasing steadily over the...
The banking sector has seen sustained double-digit growth since 2011, reinforcing Côte d’Ivoire’s role as the UEMOA bloc’s primary banking centre. The potential for continuing that growth is significant, as is the impact a larger financial sector would have on the national economy. That said, there are weaknesses in terms of sector performance with regard to its ability to lend, in particular...
Progress on several major infrastructure projects helped sustain Côte d’Ivoire’s sixth consecutive year of solid economic growth in 2016. Works planned under the 2016-20 National Development Plan will be a key driver of growth and are set to play a pivotal part in the country’s bid to achieve emerging-economy status before the end of this decade. The economy has benefitted from prudent fiscal...
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