Loading...

Economic News

Côte d’Ivoire signs €423 billion deal for 372 MW Songon power plant to boost national energy supply

Representing the Minister of Mines, Petroleum and Energy, Mamadou Sangafowa-Coulibaly, the Director General of Energy, Éhouman Kalifa Narcisse, presided on Monday, June 1, 2026, in Abidjan-Plateau, over the signing of financial agreements for the construction of a 372 MW combined-cycle power plant project in Songon, with a total investmen...

Published on Jun 01, 2026

Côte d’Ivoire: trade surplus exceeds 2.4 trillion CFA francs in Q1 2026

Côte d’Ivoire recorded a strong improvement in its external trade position in the first quarter of 2026, with its trade surplus surpassing 2.4 trillion CFA francs, driven by robust export performance, particularly in cocoa and gold, according to financial sector data.

The expansion reflects a solid start to the year for West...

Published on Jun 01, 2026

Côte d’Ivoire and Senegal Among Africa’s Most Industrialized Economies, Says 2025 Report

Côte d’Ivoire and Senegal rank among Africa’s 10 most industrialized countries, according to a 2025 report attributed to the African Development Bank (AfDB) and cited by economic media outlets.

The report highlights the growing industrial capacity of both West African nations, positioning them as emerging manufacturing...

Published on Jun 01, 2026

AfDB Annual Meetings End in Brazzaville with Strong Commitment to Africa’s Transformation

The 61st African Development Bank Group (AfDB) Annual Meetings concluded in Brazzaville on 29 May, carrying a strong message of optimism, partnership, and transformation for the African continent.

Published on May 30, 2026

Canada Reaffirms Support for Côte d’Ivoire’s 2026–2030 Development Plan at AfDB Meetings

On the sidelines of the Annual Meetings of the African Development Bank (AfDB) Group in Brazzaville, Côte d’Ivoire’s Minister of Planning and Development and AfDB Governor for Côte d’Ivoire, Dr. Souleymane Diarrassouba, held talks on Wednesday, May 27, 2026, with Patricia PENA, Alternate Temporary Governor of the Af...

Published on May 28, 2026

African Development Bank and UNFPA Sign Strategic Partnership to Boost Maternal Health and Human Capital in Africa

The African Development Bank Group and the United Nations Population Fund (UNFPA) have signed a memorandum of understanding aimed at increasing the Bank Group’s investments in maternal health, human capital development, and demographic resilience, on the sidelines of the 2026 Annual Meetings.

African Development Bank Group Presiden...

Published on May 28, 2026

ITB Shanghai 2026: Côte d’Ivoire Makes Strategic Move to Conquer the Asian Tourism Market

Côte d’Ivoire’s participation in the 2026 edition of ITB China in Shanghai has been described by officials as a strategic milestone in the country’s efforts to expand its international tourism footprint, particularly in the fast-growing Asian market.

As part of its “Sublime Côte d’Ivoire” t...

Published on May 28, 2026

Côte d’Ivoire cocoa sector: Touton restructures operations after Hartree takeover, exits storage and processing activities

The French commodities trader Touton is scaling back its physical footprint in Côte d’Ivoire’s cocoa sector, following its acquisition and strategic repositioning under U.S.-based hedge fund Hartree Partners, according to industry sources and sector reports.

The restructuring marks a significant shift in one of the key...

Published on May 28, 2026

Côte d’Ivoire pushes major railway expansion under 2026–2030 development plan

Côte d’Ivoire is advancing an ambitious railway modernization program as part of its National Development Plan (PND) 2026–2030, aiming to strengthen domestic connectivity and position the country as a regional transport and logistics hub in West Africa.

According to official government communications and sector document...

Published on May 28, 2026

African Development Bank to Become Leading Shareholder in ATIDI to Lower Cost of Capital in Africa

The African Development Bank (AfDB) has approved an increase in its equity participation in the African Trade & Investment Development Insurance (ATIDI), a move that is expected to strengthen the institution’s capital base and reduce the cost of financing across the continent.

Under the new arrangement, the AfDB is set to hold...

Published on May 28, 2026

Afriland First Bank secures CFA 10 billion loan to support SMEs in Côte d’Ivoire

The ECOWAS Bank for Investment and Development (EBID) has granted a CFA 10 billion credit facility to Afriland First Bank Côte d’Ivoire to strengthen financing for small and medium-sized enterprises (SMEs) in Côte d’Ivoire, as demand for private sector funding continues to grow in West Africa’s rapidly expanding eco...

Published on May 28, 2026

Côte d'Ivoire Presents Its 2026 Economic Vision and Financing Strategy at AfDB Annual Meetings

Annual meetings of the african development bank in brazzaville: Côte d’ivoire presents its interpretation of AEO 2026 and its financing strategy

On the sidelines of the Annual Meetings of the African Development Bank (AfDB) in Brazzaville, the Minister of Planning and Development, Dr. Souleymane Diarrassouba, took part in a h...

Published on May 27, 2026