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Economic News

National Development Plan (PND) 2026–2030: Minister Souleymane Diarrassouba Presents Key Objectives

Souleymane Diarrassouba stated that the implementation of Côte d’Ivoire’s National Development Plan (PND) 2026–2030, which requires an estimated investment of 114.838 trillion FCFA over the period, is built around several key objectives.

Speaking during the presentation of the PND to the press on Friday, May 22, 2...

Published on May 22, 2026

CEMAC Workshop in Abidjan Highlights Côte d’Ivoire’s Public Enterprise Governance Model

Abidjan has been hosting since May 18, 2026, a high-level regional workshop bringing together several leaders of public enterprises from member countries of the Central African Economic and Monetary Community (CEMAC). Scheduled to run until May 21, 2026, the meeting is dedicated to performance monitoring and public enterprise governance, with a...

Published on May 20, 2026

SGPME Boosts SME Financing in Côte d’Ivoire Past 100 Billion CFA Francs

After three years of operations, the Ivorian SME Credit Guarantee Company (SGPME) has surpassed the 100 billion CFA franc mark in mobilized financing for Ivorian SMEs as of March 31, 2026.

The announcement was made on Monday, May 18, 2026, in Abidjan by Joelle Kouassi. According to the institution, a total of 108,774,808,110 CFA francs i...

Published on May 20, 2026

Côte d’Ivoire Advances Energy Transition with Ambitious Renewable Energy Reforms and 2035 Targets

Côte d’Ivoire’s Ministry of Mines, Petroleum and Energy is holding a high-level institutional workshop from May 18 to 19 in Yamoussoukro to brief members of the Senate on the country’s regulatory framework and progress in energy efficiency and renewable energy development.

The session, which follows a similar work...

Published on May 18, 2026

Africa CEO Forum 2026: Côte d’Ivoire mobilizes African private sector around the 2026–2030 NDP

On the sidelines of the Africa CEO Forum 2026 in Kigali, the “Invest in Côte d’Ivoire” forum, chaired by Prime Minister Robert Beugré Mambé, brought together more than 150 investors, business leaders, development partners, and representatives of major continental and international financial institutions.

...

Published on May 15, 2026

Africa holds major gas reserves, but intra-African trade remains limited

Africa holds around 10% of the world’s proven natural gas reserves and could continue producing at current rates for the next seventy years. Yet, only about 3% of this gas ever crosses an African border to reach another African market.

This contradiction framed the opening diagnosis delivered by Acha Leke, Chairman of McKinsey Afri...

Published on May 15, 2026

Abidjan Metro Line 1: Minister Hien Sié Yacouba Assesses Construction Progress

The Minister of Infrastructure and Road Maintenance, Yacouba Hien Sié, conducted a field visit on Tuesday, May 12, 2026, to several key construction sites of Line 1 of the Abidjan Metro in the commune of Marcory.

The visit included stops at the Canal Station in Marcory (PRA 5), located on Félix Houphouët-Boigny Bouleva...

Published on May 15, 2026

UEMOA: BOAD and Proparco Launch a Groundbreaking €200 Million (131 Billion FCFA) Euro–CFA Cross-Border Financing Deal to Boost Private Sector

The West African Development Bank (BOAD) and Proparco, the private sector financing arm of the French Development Agency (AFD), have announced a pioneering structured financial operation worth €200 million (approximately 131 billion FCFA) aimed at strengthening private sector financing across the West African Economic and Monetary Union (UE...

Published on May 12, 2026

Kenya and Côte d’Ivoire announce plans to open embassies to strengthen economic ties

Kenya and Côte d’Ivoire have announced plans to open embassies in each other’s capitals, marking a new step in strengthening diplomatic and economic relations between East and West Africa.

The announcement was made in Nairobi following talks between Kenyan President William Ruto and Ivorian President Alassane Ouattara o...

Published on May 11, 2026

Côte d’Ivoire raises 110 billion CFA francs on regional debt market

Côte d’Ivoire has raised around 110 billion CFA francs on the West African Economic and Monetary Union (UEMOA) financial market, in a domestic debt operation aimed at supporting state financing needs, according to market data reported by regional financial sources.

The issuance, conducted through Treasury bills and bonds, att...

Published on May 09, 2026

Côte d’Ivoire and Brazil Explore Stronger Agricultural Cooperation

Bruno Nabagné Koné held talks on Friday with a delegation from Brazilian development company CODEVASF as Côte d’Ivoire moves to strengthen international partnerships aimed at modernizing its agricultural sector.

The meeting, held in Abidjan, was attended by Lamine Kanté, who accompanied the Brazilian dele...

Published on May 09, 2026

AfDB and Germany Partner to Accelerate Railway Modernization in Africa

African Development Bank and Deutsche Bahn have signed a letter of intent to launch a feasibility study for the creation of a railway competence center in Africa, as part of efforts to strengthen transport infrastructure development across the continent.

The agreement was...

Published on May 08, 2026