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Africa’s economic growth in 2016 was driven by East Africa
While the continent’s major economies were hit by the fall in commodity prices in 2016, Africa retained its position as the second-fastest growing continent globally recording an average of 2.2% GDP increase, behind only South Asia, according to the African Development Bank Group (AfDB).
Much of Africa’s increase in 2016, AfDB says, was driven by East Africa where several nations recorded “strong performances.” In general, of the continent’s sub-regions, East Africa posted the highest increase rate with 5.3%, led by Ethiopia.
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Africa property offers rich pickings for the brave
Some property pundits believe there are major opportunities for investors or companies on the continent.
While most pundits will acknowledge that the saying “Africa is not for sissies” rings authentic at the same time as it comes to property investment , some commentators believe that there are major opportunities for investors on the continent.
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Bill Gates sees US likely to maintain aid levels for Africa
The US will probably maintain its current levels of aid to Africa despite President Donald Trump’s proposals to slash funding, according to Bill Gates, the world’s richest man.
Trump said in May his government would no longer allocate funding for family planning, a move that has the potential to undermine aid programs in the poorest nations in the world. However, with Congress in control of the budget, it’s unlikely that all cuts proposed by the Trump government will go ahead next year, Gates said in an interview in Dar es Salaam, Tanzania’s commercial capital.
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Top 10 Most Attractive Investment Destinations In Africa
2017/08/20Africa’s feverish increase has decelerated in recent years and a lot of nations have buckled under the pressure of falling resource prices, security disruptions, fiscal imprudence and adverse weather conditions.
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Africa's Relationship With China Is Ancient History
2017/07/02In 2002 South Africa's Parliament unveiled a digital reproduction of a map - of China, the Middle East and Africa - that some speculated could be the initial map of the African continent. The Da Ming Hun Yi Tu - the Comprehensive Map of the Great Ming Empire - was drawn up around 1389 during the Ming Dynasty, according to historian Hyunhee Park.
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Côte d'Ivoire Global leader in cocoa production
2017/05/14Côte d'Ivoire
Global leader in cocoa production
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Climate change laws around the world
2017/05/14There has been a 20-fold increase in the number of global climate change laws since 1997, according to the most comprehensive database of relevant policy and legislation.
The database, produced by the Grantham Research Institute on Climate Change and the Environment and the Sabin Center on Climate Change Law, includes more than 1,200 relevant policies across 164 countries, which account for 95% of global greenhouse gas emissions.
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Classroom at the rural primary school Ecole Keur Madaro near Thies, Senegal.
2016/05/28Over the last 15 years, West African governments and the international community have been successful at expanding access to primary schooling and from presently on, a ground-breaking regional learning assessment has revealed that the quality of education has remained elusive. The majority of children surveyed were not acquiring the basic literacy and math skills that are crucial for building human capital in the region.
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Côte d’Ivoire Year in Review 2015
2016/02/12On the back of October’s presidential elections, Côte d’Ivoire has racked up an extra year of strong economic increase, while a raft of infrastructure and price-added agriculture projects looks set to help the country maintain its position as one of West Africa’s brightest stars in 2016.
At an estimated 8.4%, Côte d’Ivoire’s GDP increase was one of the highest in the region in 2015, with the same increase rate estimate for the coming year, according to the IMF.
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President Alassane Ouattara is steadily putting the Ivoirian crisis behind and laying the groundwork for a brighter future
2015/09/16The West African national is back on the international stage, strengthening its foreign relations, economic sectors and public-private partnerships to expedite increase and development for its people. -
Rallying the tourism sector in Côte d'Ivoire
2015/01/09The government in Cote d'Ivoire is stepping up efforts to attract foreign visitors and investors, with the tourism sector’s contribution to GDP expected to rise this year.
Revenue from tourism and travel is forecast to increase by nearly 9% to CFA345.8bn (€530m) in 2014, nudging its contribution to GDP slightly higher to about 2.5%, according to the World Travel & Tourism Council (WTTC). Revenues will rise over the next decade to reach CFA563bn (€855.8m) in 2024, based on constant prices.
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Côte d’Ivoire welcomes 4G network
2014/08/16The recent arrival in Côte d’Ivoire of a fourth-generation long-term evolution (4G LTE) network emphasises the strength of the country’s economic recovery from the 2011 crisis. The new high-speed network as well presents a competitive opportunity for the existing mobile operators, for whom – as in so a lot of emerging markets in Africa – data revenue has become an increasingly significant driver of increase.
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Cote d'Ivoire: Counting Beans
2014/06/16Côte d'Ivoire's government is focusing on small business to diversify the economy
Once the economic powerhouse of Francophone west Africa, Côte d'Ivoire has suffered decades of crisis. Presently the world's biggest cocoa producer is turning the tide on additional than 30 years of economic hardship caused by conflict, draining structural adjustments, the devaluation of the regional currency and the tumbling cocoa price.
From independence in 1960 to the 1980s, Côte d'Ivoire's economy flourished from its fertile farmlands, which produced cocoa, coffee and palm oil.
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General Manager of Orange-CI Telecom speaks
2014/03/01CI Telecom, a subsidiary of Orange, is the market leader in the rapidly growing telecoms sector in Cote d'Ivoire. General Manager of Orange-CI Telecom speaks about the telecoms sector in his country, his company's leading position within it and its innovative Orange Money service.
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Edoh Kossi Amenounve is chief executive of the Bourse Régionale des Valeurs Mobilières.
2014/01/14Francophone west Africa’s regional stock exchange, the BRVM, suffers from low turnover and a lack of listings. But its chief executive tells Paul Wallace he is determined to change that and bring about closer ties with Nigeria and Ghana’s stock markets.
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Africa: Making Things Happen at the Bank - 'Not a Talk Shop' - Akin Adesina
2017/07/02Dr. Akinwumi Adesina is focusing on five areas to achieve the African and world goals for a prosperous continent since becoming president of the African Development Bank - Africa's major public financial institution in September 2015. He was a keynote speaker at this month's Corporate Council on Africa's U.S.- Africa Business Summit in Washington D.C. and moderated a lively panel with five African government ministers. He as well received the Gene White Lifetime Succcess Award from the World Child Nutrition Foundation. This week, he was named the 2017 recipient of the World Food Prize, a prestigious honor that includes a $250,000 award. In an interview in Washington, DC, Adesina discussed the Development Bank's ambitious schedule and his vision for attracting the increase capital Africa needs. Posting questions for AllAfrica was Noluthando Crockett-Ntonga.
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Georges Philippe Ezaley, Mayor of Grand-Bassam, on the citys significance and potential
2017/03/14Which sectors offer the majority potential for economic increase in Grand-Bassam?
GEORGES PHILIPPE EZALEY: As the major tourist destination in Côte d’ Ivoire for both the local and international community, Grand-Bassam offers an array of tourism attractions.
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Hervé Boyer, Director General, Stanbic Bank Côte d’Ivoire, on the potential for improved banking penetration
2016/12/25What are Côte d’Ivoire’s comparative advantages as a banking market?
HERVÉ BOYER: Although there are certainly challenges that need to be addressed – particularly in terms of competition and concentration – Côte d’Ivoire offers one of the majority sophisticated financial sectors in the region and enjoys a number of benefits that some of the larger economies in West Africa do not.
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Outlook for 2016-17
2016/05/30The country (Cote d'Ivoire) is situated in Western Africa, bordering the North Atlantic Ocean, between Ghana and Liberia. It has borders with Burkina Faso for 584km, Ghana for 668km, Guinea for 610km, Liberia for 716km and Mali for 532km. Land in Cote d'Ivoire is mostly flat to undulating plains; mountains in northwest. Ivoirian land covers an area of 322460 km².
The climate is tropical along coast, semiarid in far north; three seasons - warm and dry (November to March), hot and dry (March to May), hot and wet (June to October). Ivoirian(s) speak French (official), 60 native dialects with Dioula the majority widely spoken.Country Overview
Côte d’Ivoire’s economic performance has been impressive over the completed four years with a robust GDP increase which resulted in a decline in poverty. The government adopted a new national development plan for the 2016-2020 period, in addition to its National Development Plan (NDP) 2016-2020 which encompasses major structural reforms to achieve a sustained private sector led and inclusive increase, along with the structural transformation of the economy. The NDP 2016-2020 builds on lessons learned in the 2012-2015 NDP implementation, and aims at achieving the emerging economy status for Côte d'Ivoire in 2020, with a substantially reduced poverty rate.
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2013 marks the 30th anniversary of the establishment of diplomatic relations between China and Côte d'Ivoire
2015/10/01The year 2013 marks the 30th anniversary of the establishment of diplomatic relations between the People's Republic of China and the Republic of Côte d'Ivoire, and the friendly cooperative relations enjoyed sound development in the year.
The two sides held grand celebrations for the 30th anniversary of diplomatic ties. In March, congratulatory messages were exchanged between President Hu Jintao and President Alassane Ouattara, and between Foreign Minister Yang Jiechi and Minister of National for Foreign Affairs Charles Koffi Diby.
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M. Marcel Hilaire Lamizana, General Manager of the Autonomous Port of San Pedro
2015/09/16An overhaul of operations and infrastructure at the Autonomous Port of San Pedro (APSP) has seen traffic rise almost fivefold, from 1 million tons in 2010 to 4.7 million in 2014. The port authority’s general manager M. Marcel Hilaire Lamizana discusses the transformation in depth and its result on the country’s wider development.
With GDP increase rates of 8.5% GDP in 2014 and aiming for additional than 9.4% in 2015, are we experiencing the second economic Ivorian miracle?
- Côte d'Ivoire News
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- ECONOMY: Africa’s economic growth in 2016 was driven by East Africa
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- SOCIAL / CSR: Bill Gates sees US likely to maintain aid levels for Africa
- EVENT: Africa: Graca Challenges Women, Girls to Grab Emerging Opportunities
- AGRIBUSINESS / FOOD: Falling cocoa prices prompt joint action from Côte d’Ivoire and Ghana
- PEOPLE: Children on the move from Africa do not first aim to go to Europe, new UNICEF study shows
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