Premium has risen steadily over recent years, although the level of insurance penetration remains...
Financial Services
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Chapter | Capital Markets from The Report: Cote d'Ivoire 2020
West Africa’s stock exchange, the Bourse Régionale de Valeurs Mobilières (BRVM) has come a long way since...
The banking sector has been central to the country’s ongoing economic recovery, providing a strong growth...
Côte d’Ivoire is an economic powerhouse in West Africa, posting average growth of 8% between 2011 and 2018. However, the rate of GDP growth in real terms fell to 6.7% in 2019 and is expected to contract to 2.7% in 2020 due to the Covid-19 pandemic and subsequent widespread shutdowns. Looking to the future, the IMF expects growth to rebound to 8.7% in 2021, highlighting the country’s economic resilience.
Banks in the GCC are turning to consolidation and financial technology (fintech) to help overcome the economic fallout from Covid-19 and the drop in global oil prices.
Quarantine measures have been extended in Egypt, deepening the impact of the coronavirus on businesses, and small and medium-sized enterprises (SMEs) in particular. The country’s banks are adapting to the crisis through increased digitalisation, but will this prove a lasting change?