In light of the dramatic increase in government spending since 2009, authorities in Gabon have recently moved to create the Public Procurement Regulatory Agency (Agence de Régulation des Marchés Publics, ARMP), which will be tasked with overseeing and streamlining procurement. In a region where bidding for public contracts can be a protracted affair...
The country has significantly strengthened its hand in diplomatic initiatives throughout Central Africa over the past 50 years. Gabon assumed the 2012/13 presidency of the Central African Economic and Monetary Community (Communauté Économique et Monétaire de l’Afrique Centrale, CEMAC), the regional body composed of Chad, Cameroon, Gabon,...
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...
Following years of crisis, Côte d’Ivoire has been eager to recapture its former crown as the most dynamic economy in West Africa, and with the benefits of both stability and headline growth, the prospects are encouraging. After decades of chronic under-investment by the public and private sectors alike, much of Côte d’Ivoire’s economic fabric and...
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