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Economic News

5th Annual Oil and Gas Conference and Expo: Minister Mamadou Sangafowa-Coulibaly Forges Productive Connections in Angola

From October 1-2, 2024, Côte d'Ivoire’s Minister of Mines, Petroleum, and Energy, Mamadou Sangafowa-Coulibaly, participated in the 5th Annual Oil and Gas Conference and Expo in Angola, invited by Angola’s Minister of Mineral Resources...

Published on Oct 07, 2024

African Development Bank and USAID Sign $600 million Landmark Regional Development Agreement for the Sahel

The African Development Bank Group and the United States Agency for International Development (USAID) have signed a landmark Regional Development Objective Agreement (RDOAG) to strengthen social and economic development in the Sahel. The signing ceremo...

Published on Oct 04, 2024

Côte d'Ivoire Commits to the Abidjan-Dakar Highway Project

Following the highway connecting Abidjan to Lagos, the Ivorian government approved on September 30th the ratification of a treaty for the construction of a multimodal corridor, linking the Ivorian capital to Daka...

Published on Oct 04, 2024

Côte d’Ivoire Secures $300 Million from MCC for the Energy Sector

The Côte d’Ivoire is set to strengthen its status as a key energy hub in West Africa. On September 18, the country secured $300 million (approximately 196.8 billion CFA francs) from the Millennium Challenge Corporation (MCC) under its regional Compact program. This funding aims to support the development of a regional electricity mar...

Published on Oct 04, 2024

Mali, Burkina Faso: CFAF 1,000 billion spent by Ivorian oil companies

While Côte d'Ivoire is self-sufficient in petroleum products, with national production of 4.84 million tonnes in 2023 for local consumption of 2.79 million tonnes, representing 58% of its production, this is not the case for Mali and Burkina Faso...

Published on Oct 03, 2024

ARISE IIP Secures Major $443 Million Investment for Pan-African Expansion

ARISE IIP is thrilled to announce a significant fundraising achievement of $443 million, which includes a strategic investment of $300 million from the Fund for Export Development in Africa (FEDA), the investment fund of the African Export-I...

Published on Oct 02, 2024

New Fuel Prices in Côte d'Ivoire for October 2024

The Ivorian government, through the Ministry of Mines, Petroleum, and Energy, has announced the maximum retail prices for petroleum products applicable nationwide for the period from October 1 to October 31, 2024. This price revision primarily concerns unleaded gasoline, kerosene,...

Published on Oct 01, 2024

2024-2025 Coffee and Cocoa Marketing Campaign: Coffee Set at 1,500 FCFA, Cocoa at 1,800 FCFA

The Ivorian government has set the farm gate price for the 2024-2025 coffee and cocoa marketing season at 1,500 FCFA per kilogram for coffee and 1,800 FCFA per kilogram for cocoa. This announcement was made by the Minister of Agriculture, Rural Development, and Food Production, Kobenan Kouassi Adjoumani, at the conclusion of the National Cocoa a...

Published on Oct 01, 2024

Ivory Coast Highlights Energy Progress at New York Roundtable on West Africa’s Power Solutions

During a roundtable discussion organized by Power Africa and the Millennium Challenge Corporation (MCC) on September 24, 2024, in New York, Ivory Coast’s Minister of Mines, Petroleum, and Energy, Mamadou Sangafowa-Coulibaly, showcased the country...

Published on Oct 01, 2024

Port of Amsterdam Engages with Ivorian Prime Minister's Office on Sustainable Cocoa Strategy

Last Friday, the Embassy of the Netherlands, represented by Biljana Dabo, Economic Cooperation Advisor, hosted a delegation from the Port of Amsterdam led by Jaïr de Paauw, Cocoa Commercial Manager, and Marcel Stappers, Commercial Director for Wes...

Published on Sep 30, 2024

Côte d’Ivoire: Government Announces 2025 Budget Project of 15,339.2 Billion CFA Francs

The Ivorian government has unveiled its proposed national budget for the year 2025, amounting to 15,339.2 billion CFA francs, compared to 13,720.7 billion CFA francs in 2024. This marks an increase of 11.8%, as announced by government spokesperson Amad...

Published on Sep 30, 2024

JNCC 2024: Minister Kobenan Kouassi Adjoumani Presents Achievements and Challenges in the Cocoa Sector

Kobenan Kouassi Adjoumani, the Minister of Agriculture, Rural Development, and Food Production, presented the achievements and challenges related to the development of the cocoa sector during the 9th edition of the National Cocoa and Chocolate Day (JNC...

Published on Sep 30, 2024