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Economic News

Top 5 Importers of Ivorian Cocoa

☑️Infography by SIKA Finance

Published on Aug 16, 2024

African Caucus 2024 in Abuja: Nialé Kaba Discusses the Impact of IDA Contributions on Ivory Coast’s Development

Representing Ivory Coast at the African Caucus 2024, held from August 1 to 3 in Abuja, Nigeria, Nialé Kaba, Minister of Economy, Planning, and Development, shared insights on the impact of the International Development Association (IDA) contributions to the country’s development and economic transformation processes.

As the...

Published on Aug 07, 2024

Petroleum Exploration Onshore: Ivorian Government and American Group Elephant Oil Sign Three Production Sharing Contracts

On Tuesday, July 30, 2024, in Abidjan, the Ivorian Minister of Mines, Petroleum, and Energy, Mamadou Sangafowa-Coulibaly, and the General Director of the American group Elephant Oil, Matthew Lofgran, signed three Production Sharing Contracts (PSCs) for onshore oil blocks. The contracts pertain to blocks CI-520, CI-521, and CI-522, located in the...

Published on Aug 01, 2024

Ivorian Minister Aims to Transform Mining and Energy Sectors for Sustainable Growth

In a recent statement, Mamadou Sangafowa Coulibaly, Côte d'Ivoire's Minister of Mines, Petroleum, and Energy, outlined his vision to elevate the country's mining and energy sectors as key drivers of sustainable and robust growth. Speaking at the opening of a workshop dedicated to validating the national energy and mineral resources policy...

Published on Jul 30, 2024

Travelogue of the Refurbishment of the Liaison Yopougon-Road of Dabou

Accompanied by his colleague Koffi N'guessan, Amédé Koffi Kouakou, Minister of Equipment and Road Maintenance, conducted a site visit on July 18, 2024, in Yopougon (Abidjan) to inspect the ongoing works for reinforcement and expansion of the sand...

Published on Jul 19, 2024

Côte d'Ivoire Achieves 85.5% Reform Implementation Rate in 2023

Côte d'Ivoire  has bolstered its performance with a highly satisfactory reform implementation rate of 85.5% in 2023, marking an increase from 127 reforms evaluated in 2022 to 131 by the end of the year, announced Abdoulaye Diop, President of the West African Economic and Monetary Union (UEMOA) Commission.

He made these re...

Published on Jul 03, 2024

Recent Gas Discoveries Enable Affordable Electricity for Côte d'Ivoire

The Minister of Mines, Petroleum, and Energy, Mamadou Sangafowa-Coulibaly, has indicated that the recent natural gas discoveries off our coasts present promising prospects for the electricity sector in Côte d'Ivoire. Mamadou Sangafowa-Coulibaly made this statement during the press conference "Les Rendez-vous du Gouvernement" on Thursday, J...

Published on Jun 06, 2024

Cashew Nuts: Local Processing Rate of National Production Increases from 6.22% in 2016 to 21% in 2023

During the weekly platform of the Government Information and Communication Center (CICG) called "All About" on June 4, 2024, in Abidjan, Dr. Adama Coulibaly, Director General of the Cotton and Cashew Council, indicated that the local processing rate of cashew...

Published on Jun 05, 2024

Cotton Sector: Côte d'Ivoire Records 347,922 Tonnes Production for 2023-2024 Season Against 236,186 Tonnes in 2022-2023

Côte d'Ivoire's cotton sector recorded a production of 347,922 tonnes for the 2023-2024 season, compared to 236,186 tonnes in 2022-2023. This information was provided by Dr. Adama Coulib...

Published on Jun 05, 2024

1st South Korea – Africa Summit: Côte d'Ivoire Secures $1 Billion Funding from South Korea

During the 1st South Korea – Africa Summit, held in Seoul, South Korea, the Minister of Financeand Budget, Adama Coulibaly, and the Minister of Economy, Planning, and Development, Kaba Nialé, co-signed, on Sunday, June 2, 2024, an agreement framework with the South Korean Minister of Foreign Affairs, Cho Tae-yul. This agreement pert...

Published on Jun 04, 2024

AfDB Presidency: Abbas Mahamat Tolli declared Central African candidate for the post of President of the African Development Bank (AfDB)

Chad's Abbas Mahamat Tolli, former governor of the BEAC, is the only declared candidate from Central Africa for the post of President of the African Development Bank (AfDB), whose election is scheduled for 2025. He has re...

Published on Jun 04, 2024