Loading...

Economic News

Côte d’Ivoire confirms its position as the world’s leading raw cashew producer

Côte d’Ivoire has maintained its position as the world’s leading producer and exporter of raw cashew nuts, underscoring the growing importance of the crop to the country’s economy.

Ivory Coast’s cashew production exceeded 1.5 million metric tons in 2025, accounting for more than 25% of global output, accordi...

Published on Aug 14, 2026

Côte d’Ivoire opens new GIABA regional centre in Abidjan to strengthen fight against financial crime

Côte d’Ivoire has opened a new regional information centre of the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA), strengthening the region’s capacity to combat money laundering, terrorist financing and other forms of financial crime.

Economy, Finance and Budget Minister Adama Coulibaly p...

Published on Aug 13, 2026

Jumia secures $25 million IFC investment to expand Africa’s digital commerce

The International Finance Corporation (IFC), the private-sector arm of the World Bank Group, is investing $25 million in equity in Jumia Technologies AG to support the expansion of digital commerce infrastructure across Africa.

The investment, announced on Aug. 12, is part of a broader $50 million equity financing round for Jumia. The fu...

Published on Aug 13, 2026

Côte d’Ivoire approves 735 MW in new power projects to strengthen electricity supply

Côte d’Ivoire has approved three public-private partnership agreements that will add around 735 megawatts of electricity generation capacity to the national grid, as the country seeks to keep pace with rising power demand and support economic growth.

The agreements were approved by the Council of Ministers on Aug. 5, 2026, an...

Published on Aug 11, 2026

AfCFTA signs $3.1 billion deal to modernize customs across Africa

The African Continental Free Trade Area (AfCFTA) Secretariat has signed a 20-year, $3.1 billion concession agreement to modernize customs systems across Africa, in a move aimed at reducing border delays, improving trade facilitation and accelerating intra-African commerce.

The agreement, signed with Nigerian company Bergmans Security Con...

Published on Aug 11, 2026

Canada announces C$17 million for seven projects across West Africa

Canada has announced approximately C$17 million in funding for seven projects in Benin and across West Africa, targeting women’s economic empowerment, education, energy, border security and regional police cooperation.

The announcements were made by Canadian Foreign Affairs Minister Anita Anand during her visit to Benin and Cô...

Published on Aug 11, 2026

Côte d’Ivoire: FinDev Canada lends €40 million to NSIA Banque to support SMEs and climate finance

FinDev Canada, Canada’s bilateral development finance institution, has committed a €40 million ($46.5 million) loan to NSIA Banque Côte d’Ivoire to expand financing for small and medium-sized enterprises, support women-led businesses and fund climate-related projects.

The investment, equivalent to about 26.2 billio...

Published on Aug 11, 2026

Côte d’Ivoire and France sign 23 billion CFA franc financing agreements for Agora programme and Abidjan metro

Côte d’Ivoire and France have signed two financing agreements worth a combined 23 billion CFA francs ($40 million), or about €35 million, to support the development of sports facilities under the Agora programme and works linked to the Abidjan metro project.

The agreements were signed in Abidjan by Côte d’Ivo...

Published on Aug 08, 2026

South Africa: African Development Bank injects $332 million to boost private sector growth

The African Development Bank (AfDB) is strengthening its support for South Africa’s private sector with a $332 million financing package aimed at stimulating investment, improving business competitiveness and accelerating economic growth.

The funding is part of the bank’s broader strategy to support South Africa’s econo...

Published on Aug 03, 2026

Côte d'Ivoire: Fortuna Mining to invest $109 million to expand Séguéla gold mine

Canadian mining company Fortuna Mining will invest $109 million (around 65 billion CFA francs) to expand its Séguéla gold mine in northwestern Côte d'Ivoire, increasing processing capacity by about 30% as it seeks to boost production over the next decade.

The expansion will raise the mine's processing capacity from 1....

Published on Aug 03, 2026

Digital Transformation: AERIA Kicks Off Odoo ERP Deployment to Modernize Operations

AERIA (Aéroport International d'Abidjan), the managing company of Abidjan's inte...

Published on Aug 02, 2026