Africa Economy

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Abidjan and its surrounding areas present visitors and locals with a host of activities for their enjoyment, leaving no excuse for those on business trips from abroad to remain in their hotel rooms. Although the crisis-ridden decade that came to an end in 2011 certainly hampered Abidjan’s vibrant nightlife, the security situation has been...

ETIQUETTE: Business etiquette is similar to France. A handshake is appropriate for both men and women upon first meeting someone new. Once a woman meets someone for the second time, three kisses on the cheek, just as in some regions in France, is appropriate. Before discussing business, it is...

Creating a new capital city ex nihilo is not as unusual as it might sound. Throughout history, kings, emperors, presidents and generals established their seats of power in any number of relatively uninhabited (or uninhabitable) places – out of marshland in the case of Washington DC, or a damp fishing village in the case of Tokyo. But in...

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...

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