At a forum hosted by the African Development Bank (AfDB) at its headquarters in Abidjan in November 2016, Ivorian lenders pledged to dedicate CFA1.34trn (€2bn) in financing to small and medium-sized enterprises (SMEs) in 2017. The injection of credit aims to relieve pressure on smaller companies, which have traditionally struggled to obtain...
Côte d’Ivoire approved its second National Development Plan (Plan National de Développement, PND) in early 2016 to cover the 2016-20 period, following on from the 2012-15 PND. The new plan is aimed at transforming Côte d’Ivoire into an emerging country by 2020, has the backing of the World Bank and the IMF, and is focused on addressing...
Founded in 1975 to promote economic integration in West Africa and eventually bring about full economic and monetary union, ECOWAS is made up of 15 members, namely Benin, Burkina Faso, Cape Verde, Côte d’Ivoire, The Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Nigeria (where the bloc is headquartered, in the capital Abuja),...
Côte d’Ivoire’s constitution establishes the country as a republic operating a unitary system of government, with a legislature, an executive branch and an independent judiciary. The legal system is based on the civil code tradition rather than the British system of common law, reflecting the nation’s history as a French colony.
The market for government debt is changing across Africa, and in ways that pose risks for local banks as well as for their investors and customers. States are looking to their banks to help bridge funding gaps so they can better ride out the cycle of lower commodity prices and tepid global growth. That means it is harder to raise international...
The volume of people and goods which traverse Côte d’Ivoire’s border with Ghana is significant both socially and economically. Relations between the two countries, however, have not always been straightforward. Côte d’Ivoire gained its independence from France in 1960, three years after its eastern neighbour won its independence from the UK....
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