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Economic News

High Cocoa Prices Drive Smuggling Surge, Alarming Traders

Cocoa smuggled from the world’s largest producer, Côte d’Ivoire, is leading to supply shortages and traceability concern...

Published on Aug 08, 2025

Cold weather and scant rains worry Côte d’Ivoire cocoa farmers

A persistent cold spell across most of Côte d’Ivoire's cocoa-growing regions could jeopardize the development of the next October-to-March main crop, farmers warned on Monday, saying plantations need more sunshine and rain.

Published on Aug 08, 2025

Orange to use OpenAI's latest models to work with African languages

French mobile operator Orange (ORAN.PA), opens new tab said on Tuesday it plans to use OpenAI's latest AI models with African languages.

Published on Aug 08, 2025

Côte d’Ivoire Vows to Find New Cocoa Buyers If Trump Imposes Tariffs

Côte d’Ivoire will look for new markets for its cocoa, away from the United States, if the administration of President Donald Trump goes through with its threat to impose 15% tariffs from Thursday, two officials said.

Published on Aug 07, 2025

Energy: A 52 MWp Solar Power Plant Planned in M'Bengué (Poro Region) by the End of 2027

Abidjan, August 5, 2025 – The Minister of Mines, Petroleum and Energy, Mamadou Sangafowa-Coulibaly, presided over the signing ceremony of the Tongon Solar Convention on Tuesday, August 5, 2025, in Abidjan-Plateau. The agreement concerns the const...

Published on Aug 07, 2025

UEMOA Set to Launch Interoperable Instant Payment Platform Across West Africa

Dakar, August 1, 2025 – The Central Bank of West African States (BCEAO) is preparing to launch a major innovation in the region’s financial landscape with the upcoming rollout of the Interoperable Platform for Instant Payment System (PI‑SPI...

Published on Aug 06, 2025

Côte d’Ivoire: A New 32 Billion FCFA Cocoa Factory Inaugurated in Divo(southwest of Côte d’Ivoire)

A new cocoa processing plant with an annual capacity of 36,000 tonnes was inaugurated on Saturday, August 2, in Divo, in the Lôh-Djiboua region in central-west Côte d’Ivoire. The factory, named Published on Aug 05, 2025

Dangote Cement: Abidjan to Host a New Plant Soon

Dangote Cement Plc, the largest cement producer on the African continent, is continuing its regional expansion strategy with the upcoming launch of a grinding plant in Côte d’Ivoire with a capacity of 3 million metric tons per year (Mt/a),...

Published on Aug 04, 2025

Côte d’Ivoire, Nigeria, and Cameroon Now Subject to 15% Tariffs by the United States

Starting August 7, exports from Côte d’Ivoire, Nigeria, and Cameroon will be subject to an additional 15% tariff (on top of th...

Published on Aug 04, 2025

Trade Balance: A Surplus of 1,462 Billion CFA Francs in the First Quarter of 2025 Compared to 423 Billion CFA Francs in the Same Period in 2024

Abidjan, July 30, 2025 – At the end of the first quarter of 2025, Côte d'Ivoire’s trade balance showed a surplus of 1,462 billion CFA francs, significantly higher than the surplus of 423 billion CFA francs recorded during the same period in 2024.

This information was provided by government spokesperson Amadou Coulibaly...

Published on Jul 31, 2025

Côte d’IvoireYango Group Opens New Regional African Headquarters in Abidjan

July 25, 2025 Yango Group, a Dubai-based technology company operating in over 30 countries, has announced the opening of its new African regional headquarters in Abidjan, Côte d’Ivoire. This hub will coordinate the group’s expanding o...

Published on Jul 28, 2025

Burkina Faso – Côte d’Ivoire: 2nd Largest Foreign Investor

According to SikaFinance, a WAEMU-based financial news platform, Burkina Faso’s foreign direct investment (FDI) stock reached 2,458.9 billion CFA francs (approximately USD 4.4 billion) by the end of 2023, marking a 2.8% increase from 2,392.5 billion CFA francs in 2022. Published on Jul 23, 2025