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Economic News

Energy Sovereignty: Côte d’Ivoire and Algeria Sign a Framework Agreement on Energy and Renewable Energy Cooperation

Côte d’Ivoire’s Minister of Mines, Petroleum and Energy, Mamadou Sangafowa-Coulibaly, and Algeria’s Minister of Energy and Renewable Energies, Mourad Adjal, signed a framework cooperation agreement in the fields of energy and renewable energy on Tuesday, June 30, 2026, in Abidjan-Plateau.

According to Mamadou Sang...

Published on Jul 02, 2026

Côte d’Ivoire strengthens its healthcare system with new IDA financing

The Ivorian government has ratified three agreements signed on May 14, 2026, with the International Development Association (IDA), including two grant agreements totaling US$25 million (approximately CFA 13.979 billion) and one loan agreement worth €169.5 million (just over CFA 111 billion), to finance Phase 2 of the Multiphase Programmatic...

Published on Jul 02, 2026

Côte d’Ivoire secures CFA 229.06 billion in World Bank financing to boost private investment and productive jobs.

Private Investment and Productive Jobs Development: Côte d’Ivoire Secures CFA 229.06 Billion in World Bank Financing

As part of its policy to promote private investment and productive employment, Côte d’Ivoire has secured two financing agreements: €261.9 million (approximately CFA 171.795 billion) from the In...

Published on Jul 02, 2026

Côte d’Ivoire strengthens its clean energy transition

National Hydropower Production: AFD Provides CFA 85.274 Billion to Finance the Water and Sun Alliance (WASUNA) Programme

During the Council of Ministers meeting held on Wednesday, July 1, 2026, at the Presidential Palace in Abidjan-Plateau, the Ivorian government adopted a decree ratifying a €130 million (approximately CFA 85.274 bi...

Published on Jul 02, 2026

Côte d’Ivoire to Continue Governance Reform Project with World Bank Support

The Minister of Economy, Finance and Budget, Adama Coulibaly, announced the continuation of the Governance Improvement Project for the Delivery of Basic Services to Citizens (PAGDS), which was initially scheduled to conclude in 2025.

He made the announcement during the closing ceremony of the PAGDS on June 29, 2026, in Abidjan, in the pr...

Published on Jun 30, 2026

Electricity Sector: Algerian Experts' Delegation on a Working Mission in Côte d’Ivoire

As part of the sectoral technical cooperation between the Ministry of Mines, Petroleum and Energy of the Republic of Côte d’Ivoire and the People's Democratic Republic of Algeria, a delegation of experts from Algeria’s National Electricity and Gas Company (SONELGAZ) is undertaking a working mission in Côte d’Ivoire...

Published on Jun 29, 2026

Côte d’Ivoire positions its diaspora as a key driver of national development under the 2026–2030 PND

CÔTE D’IVOIRE: NATIONAL DEVELOPMENT PLAN 2026–2030 — DIASPORA POSITIONED AS A STRATEGIC DEVELOPMENT ACTOR

The Minister of Planning and Development, Dr. Souleymane Diarrassouba, presented in Paris the government’s policy aimed at making the Ivorian diaspora a key driver of Côte d’Ivoire’s ec...

Published on Jun 29, 2026

Côte d’Ivoire seeks to revive diamond sector with Botswana expertise

Côte d’Ivoire is preparing a strategic push to revive its diamond industry as part of efforts to diversify its mining sector and reposition a once-prominent resource that has declined over recent decades, government sources said.

The initiative aims to restore the economic relevance of diamonds in the country’s extracti...

Published on Jun 29, 2026

BOAD Approves CFA50 Billion Financing for Air Côte d'Ivoire's Fleet Expansion

The West African Development Bank (BOAD) has approved a CFA50 billion ($86 million) financing package for Air Côte d'Ivoire to support the acquisition of four Airbus A319 aircraft, strengthening the national carrier's regional network and supporting its expansion strategy across West and Central Africa.

The approval was granted dur...

Published on Jun 29, 2026

Côte d’Ivoire Becomes the Main Driver of SMB’s Bitumen Business in 2025 Despite Production Challenges

The Ivorian market remained the primary growth engine for the Société Multinationale de Bitumes (SMB) in 2025. Despite a decline in production and lower exports, Côte d’Ivoire accounted for 54% of the company’s total bitumen sales, a significantly larger share than in the previous...

Published on Jun 29, 2026

Côte d’Ivoire Achieves IMF Program Completion, Becomes Sub-Saharan Africa’s Only Low Debt-Risk Economy

Côte d’Ivoire has reached a major milestone in strengthening its international financial credibility with the successful completion of its economic and financial program with the International Monetary Fund (IMF). Following the sixth and final program review, the country met all agreed targets, confirming the strength of its macroeco...

Published on Jun 29, 2026

Islamic Development Bank approves $235 million financing for Côte d’Ivoire regional transport corridor

The Islamic Development Bank (IsDB) has approved a $235 million financing package (approximately 135 billion CFA francs) to support the construction of a strategic section of a regional transport corridor linking Abidjan to Burkina Faso and Mali, authorities and project sources said.

The project forms part of a key West African trade rou...

Published on Jun 25, 2026