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Economic News

Australian miner Turaco Gold moves to take full control of Côte d’Ivoire’s Afema gold project

Australian mining company Turaco Gold is seeking to acquire the remaining 20% stake in its Afema gold project in southeastern Côte d’Ivoire, in a deal valued at approximately $79 million, or 44 billion CFA francs.

The proposed acquisition involves Sodim Ltd, the Israeli private partner that holds the remaining interest in the...

Published on Nov 02, 2026

Canadian firm secures $62 million gold stream from Côte d’Ivoire’s Tongon mine

Canadian precious metals company Empress Royalty Corp. has completed a $62 million acquisition of rights to a portion of future gold production from the Tongon mine in northern Côte d’Ivoire, strengthening its position in the African gold sector.

The transaction, completed on October 19, gives Empress Royalty a contractual en...

Published on Nov 02, 2026

Côte d’Ivoire: top 20 most profitable companies generate CFAF 1,764 billion in profits in 2025

The 20 most profitable companies in Côte d’Ivoire recorded a combined profit of CFAF 1,764 billion in 2025, with the mining sector accounting for more than half of the total, according to a ranking published by Sika Finance.

Société des Mines d’Ity topped the ranking with CFAF 205 billion in profits, follo...

Published on Nov 02, 2026

Côte d’Ivoire: Waraba Gold Moves to Acquire 80% Stake in Tengrela Exploration Licence in $3.5 Million Deal

Canadian gold exploration company Waraba Gold has signed an agreement to acquire an 80% stake in an exploration licence in northern Côte d’Ivoire, expanding its footprint in a region attracting growing interest from gold miners.

The agreement covers licence PR-683, a 212.66-square-kilometre area near Tengrela, and involves a...

Published on Oct 27, 2026

Côte d’Ivoire Launches Construction of Three Solar Plants with a Combined Capacity of 152 MW

Côte d’Ivoire has launched construction of three new solar photovoltaic plants with a combined capacity of 152 megawatts-peak (MWp), as the country steps up efforts to diversify its energy sources and strengthen electricity supply.

The launch ceremonies took place from October 22 to 24, 2026, in Katiola, M’Bengué...

Published on Oct 27, 2026

Côte d’Ivoire Announces 0% VAT on Animal Feed and Production Inputs for 2026–2027

Côte d’Ivoire plans to reduce value-added tax (VAT) to 0% on animal feed and the inputs used in its production for the 2026–2027 fiscal year, Livestock and Fisheries Minister Sidi Tiémoko Touré announced on Monday.

The announcement was made during the Grands rendez-vous de l’Agence ivoirienne de...

Published on Oct 27, 2026

Côte d’Ivoire: Skylark Minerals Raises Stake in Zaranou Gold Project to 90% as Resources Top 1.2 Million Ounces

Australian mining company Skylark Minerals has signed a binding agreement to increase its ownership in the Zaranou gold project in southeastern Côte d’Ivoire from 51% to 90%, following a sharp rise in estimated gold resources at the exploration site.

The company announced on October 19, 2026, that the project’s inferred...

Published on Oct 23, 2026

Côte d’Ivoire Cuts Wholesale Fish Prices After Traders’ Protests

Côte d’Ivoire has agreed to reduce the wholesale price of cartons of horse mackerel and mackerel by 2,500 CFA francs following several days of protests by fish traders over rising costs, the government said on Thursday.

Under the agreement reached on October 22, the price of a 20-kilogram carton of the two fish species will f...

Published on Oct 23, 2026

Côte d’Ivoire Breaks Ground on 50 MW Solar Power Plant in Katiola

Côte d’Ivoire has launched construction of a 50-megawatt-peak (MWp) solar power plant in the northern-central town of Katiola, as the West African country seeks to expand renewable energy production and diversify its electricity supply.

Energy Minister Mamadou Sangafowa-Coulibaly laid the project’s foundation stone on T...

Published on Oct 23, 2026

EU Grants €3 Million to Boost Lagoon Transport in Côte d’Ivoire’s Abidjan

The European Union has announced a €3 million grant to support the revival of lagoon transport in Abidjan, as Côte d’Ivoire seeks to ease pressure on its roads and build a more integrated urban transport network.

The funding, equivalent to about 1.96 billion CFA francs, was announced by Transport and Maritime Affairs Min...

Published on Oct 23, 2026

Côte d’Ivoire Seeks to Boost Local Agricultural Processing and Reduce Informality

Côte d’Ivoire plans to expand local agricultural processing, strengthen links between small-scale producers and agro-industrial companies, and improve farmers’ incomes as part of efforts to modernize its agricultural sector, Agriculture Minister Bruno Nabagné Koné said on Thursday.

Speaking at a conference...

Published on Oct 23, 2026

Côte d’Ivoire Seeks to Modernize Craft Sector, Which Accounts for 19.5% of GDP

Côte d’Ivoire’s government plans to strengthen productivity and competitiveness in the country’s crafts sector, which accounts for 19.5% of gross domestic product (GDP) and involves nearly 30% of the working population, according to official figures.

Trade, Industry and Crafts Minister Kalil Konaté outlined...

Published on Oct 23, 2026