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Economic News

Côte d’Ivoire: Boundiali gold project surpasses 3 million ounces in resources

The gold potential of the Boundiali project, located in northern Côte d’Ivoire, has reached a new milestone, with estimated resources now exceeding 3 million ounces of gold. The updated estimate represents an increase of about 26 percent, according to information reported by Sika Finance.

The project is being developed by the...

Published on Mar 09, 2026

African aviation: AfDB launches financing platform to support sector growth

The African Development Bank (AfDB) has announced the launch of a new continental financing platform aimed at supporting the development of the aviation sector in Africa. The initiative seeks to mobilize public and private capital to modernize an industry that remains underrepresented globally despite the continent’s strong potential.

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Published on Mar 09, 2026

Senegal Acquires 10% Stake in Dangote Cement Subsidiary

Senegal has increased its participation in the industrial sector by acquiring a 10% stake in Dangote Cement’s local subsidiary, the country’s leading cement producer. This reduces Dangote Group’s ownership from 99.99% to 89.99%, makin...

Published on Mar 08, 2026

Côte d’Ivoire Set to Become Africa’s Natural Rubber and Tire Industry Hub

With the ramp-up of its natural rubber production, Côte d’Ivoire is showing the potential to establish itself as a key player in Africa’s tire industry. The latest global market forecasts released by the Association of Natural Rubber Producing Countries (ANRPC) i...

Published on Mar 08, 2026

Increase in the African Solidarity Fund (ASF) capital: BADEA supports Côte d’Ivoire’s contribution of 6.682 billion FCFA

The Arab Bank for Economic Development in Africa (BADEA) has granted Côte d’Ivoire a loan of 11.1 million US dollars, approximately 6.682 billion FCFA, to finance the country’s contribution to the capital increase of the African Solidarity Fund (ASF).

The loan agreement, signed on November 26, 2025, between BADEA and C&...

Published on Mar 06, 2026

AES: Niger Secures $91 Million IMF Support

The military government of Niger has secured $91 million in financial assistance from the International Monetary Fund, marking a renewed sign of international financial engagement with countries of the Alliance of Sahel States.

Published on Mar 06, 2026

Senegal acquires a 10 percent stake in Dangote Cement’s local subsidiary

Senegal has acquired a 10 percent stake in the local subsidiary of Dangote Cement, strengthening the state’s presence in one of the country’s key industrial sectors.

According to information reported by Sika Finance, the transaction involves the transfer of 10 percent of the capital of Dangote Cement’s Senegalese subsid...

Published on Mar 06, 2026

Mauritania – Côte d’Ivoire: Strategic Agreement Signed for Livestock Exports Ahead of Tabaski 2026

Mauritania and Côte d’Ivoire signed a cooperation protocol in the livestock sector on Wednesday in Nouakchott, paving the way for a structured framework for the export of Mauritanian livestock to the Ivorian market, particularly in preparat...

Published on Mar 06, 2026

Electricity: decline in Ivorian power exports in 2024, Liberia becomes the main client

In 2024, Côte d’Ivoire remains one of the main electricity suppliers in West Africa, despite a significant drop in its exports to neighboring countries.

According to data reported by Sika Finance, Ivorian electricity exports reached about 730.42 gigawatt-hours (GWh) in 2024, representing a decrease of 30.57 percent compared t...

Published on Mar 06, 2026

Côte d’Ivoire and UK Sign Framework Agreement to Finance Education Projects

Côte d’Ivoire and the United Kingdom, through the UK’s export credit agency UK Export Finance (UKEF), have signed a framework agreement to support the financing of major education projects in the country.

Published on Mar 06, 2026

Côte d’Ivoire: 68.35 Billion FCFA to Transform the Rice Sector and Reduce Imports

As part of efforts to strengthen food security, the Ivorian government ratified on Wednesday, March 4, a financing agreement worth 104.2 million euros, or 68,350,719,400 FCFA, signed on September 1, 2025, with the Islamic Development Bank (IsDB) for the Rice Value Chain Development Project (PDCVR).

The framework agreement was adopted by...

Published on Mar 05, 2026

UMOA Bonds: Côte d’Ivoire Raises CFA 66 Billion Amid Rising Yields

On March 3, 2026, Côte d’Ivoire successfully raised CFA 66 billion on the UEMOA bond market, slightly surpassing its initial target of CFA 60 billion. This operation takes place in the context of a moderate rise in interest rates, while con...

Published on Mar 04, 2026