Facing rising competition from telecoms companies, traditional banks are investing significantly to upgrade their digital platforms, while some have launched their own mobile services. Mobile banking is growing by the day, as the range of products available to consumers continues to rise.
Insurance premium rose by almost 40% be¬tween 2013 and 2017 on the back of econom¬ic expansion, and while the main actors have remained the same, the last few years have seen an influx of foreign and local players to the market. Now, new regulations – particularly min¬imum capital requirements – that will begin to be enforced in 2019 are expected to significantly change the sec¬tor’s landscape...
After four years of high gains following the end of the political instability in Côte d’Ivoire, the Bourse Régionale des Valeurs Mobilières – headquar¬tered in the Ivorian commercial capital Abidjan – is experiencing challenges marked by a significant drop in indexes, reaching a six-year low in 2018. Increased competition for telecoms companies in Senegal and Burkina Faso, a crisis in the...
The banking sector has played a key role in financing reconstruction in Côte d’Ivoire since the end of the decade-long political and military crisis in 2011. With headline economic growth expected to hover around a robust 7% per annum over the next five years, Côte d’Ivoire’s banking sector is likely to remain attractive, with more banks attempting to penetrate the market. However, the...
Côte d’Ivoire has returned to economic growth after stabilising its political situation in 2011. The economy has grown at a rate of 9% per year since 2011, in part due to the emergence of its burgeoning industrial sector. As one of the fastest-growing African economies, with an annual GDP growth rate forecast at 7-7.5% in 2019, Côte d’Ivoire is now promoting sustainable and inclusive growth.
Myanmar’s capital market has developed steadily in recent years. The Yangon Stock Exchange (YSX) welcomed its first initial public offering (IPO) in January 2018, three years after its inception, amid renewed efforts to encourage a growing base of eligible companies to list. As is the case with many young exchanges, the YSX is small and...
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