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Economic News

Renewable Energy: Minister Sangafowa-Coulibaly Lays the First Stone for a 52 Megawatt Photovoltaic Solar Plant

On Sunday, February 2, 2025, the Minister of Mines, Petroleum, and Energy, Mamadou Sangafowa-Coulibaly, laid the first stone for a photovoltaic solar power plant in Ferkessédougou, the capital of the Tchologo region. The ceremony was attended by several administrative, political, and customary authorities from the region.

With a c...

Published on Feb 04, 2025

Economic Performance: Fitch Ratings Maintains Côte d'Ivoire's Rating at BB, with a Stable Outlook

On Friday, January 31, 2025, the financial rating agency Fitch Ratings confirmed Côte d'Ivoire's rating at BB, accompanied by a stable outlook.

According to the financial rating agency, this rating reflects "solid growth, stringent budget management, and well-established macroeconomic policies," characterized by low inflation and a...

Published on Feb 04, 2025

Fiscal Revenues: Minister Adama Coulibaly Sets Directives for Achieving the 5.191 Billion FCFA Target in 2025

On Friday, January 31, 2025, in Yamoussoukro, Finance and Budget Minister Adama Coulibaly shared key directives with the General Directorate of Taxes (DGI) to achieve the revenue targets set at 5.191 billion FCFA for 2025. This took place during the op...

Published on Feb 03, 2025

Côte d'Ivoire Registers Progress in Human Development Index (HDI)

Côte d'Ivoire's Human Development Index (HDI) has risen from 0.468 in 2011 to 0.550 in 2021, marking an approximate progression of 17.5%, revealed Nialé Kaba, Minister of the Economy, Planning, and Development, on January 29, 2025, at the...

Published on Jan 31, 2025

Côte d'Ivoire: PND Implementation Leads to Significant Poverty Reduction

The implementation of the National Development Plans (PND) has resulted in a substantial reduction in the poverty rate, which decreased from 55.4% in 2011 to 37.5% in 2021, a drop of 17.9 percentage points, according to Nialé Kaba, Minister of E...

Published on Jan 30, 2025

Public-Private Dialogue: Minister Adama Coulibaly Reiterates Government’s Willingness to Address the Private Sector’s Concerns

The Minister of Finance and Budget, Adama Coulibaly, in his capacity as president of the Technical Consultation Committee (CTC), assured the private sector of the government's willingness to address all of its concerns. This was during a New Year’s greeting luncheon for private sector stakeholders, held on Thursday, January 16, 2025, in Ab...

Published on Jan 24, 2025

Visit of Invest International CEO to Abidjan: Strengthening Infrastructure Projects with €300 Million Dutch Investment

On January 13 and 14, 2025, Mr. Diederick van Mierlo, CEO of Invest International, the public investment bank of the Netherlands, visited Abidjan. This visit follows the memorandum of understanding signed in October 2023 between the Netherlands and Côte d'Ivoire for a €...

Published on Jan 23, 2025

Consolidation of Côte d'Ivoire's Status as an Energy Hub

As part of its economic development strategy, the Republic of Côte d'Ivoire is strengthening its position as a regional energy hub through strategic reforms and significant discoveries in the extractive and energy sectors. Major deposits like Bal...

Published on Jan 22, 2025

Cashew Industry: Côte d'Ivoire Strengthens Its Position as Global Leader with Increased Production and Accelerated Local Processing

As part of its strategy to enhance agricultural value chains, Côte d'Ivoire, the world’s largest producer of cashew nuts, continues to strengthen its leadership in the international market. For the 2025 season, producers will benefit from a...

Published on Jan 22, 2025

Côte d'Ivoire: A Promising Start on the Regional Public Debt Market in 2025

On January 7, 2025, Côte d'Ivoire successfully launched its first public debt fundraising operation on the regional market, attracting significant interest from investors. The initial target of 60 billion CFA francs was substantially exceeded, wi...

Published on Jan 22, 2025

Africa Gate to Growth Forum 2025: Ministry of Digital Transition Supports Ivorian Start-Ups to Silicon Valley

As part of its goal to make Côte d'Ivoire the technological hub of West Africa, the government, through the Ministry of Digital Transition and Digitalization, has provided institutional support to help Ivorian start-ups travel to Silicon Valley, USA. This initiative was officially launched on...

Published on Jan 22, 2025

Africa Gate to Growth Forum 2025: The Ministry of Digital Transition Supports Ivorian Start-ups to Silicon Valley

As part of its ambition to make Côte d'Ivoire the technological hub of the West African sub-region, the Government, through the Ministry of Digital Transition and Digitalization, has provided institutional support to help Ivorian start-ups travel...

Published on Jan 21, 2025