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Economic News

UEMOA: BOAD and Proparco Launch a Groundbreaking €200 Million (131 Billion FCFA) Euro–CFA Cross-Border Financing Deal to Boost Private Sector

The West African Development Bank (BOAD) and Proparco, the private sector financing arm of the French Development Agency (AFD), have announced a pioneering structured financial operation worth €200 million (approximately 131 billion FCFA) aimed at strengthening private sector financing across the West African Economic and Monetary Union (UE...

Published on May 12, 2026

Kenya and Côte d’Ivoire announce plans to open embassies to strengthen economic ties

Kenya and Côte d’Ivoire have announced plans to open embassies in each other’s capitals, marking a new step in strengthening diplomatic and economic relations between East and West Africa.

The announcement was made in Nairobi following talks between Kenyan President William Ruto and Ivorian President Alassane Ouattara o...

Published on May 11, 2026

Côte d’Ivoire raises 110 billion CFA francs on regional debt market

Côte d’Ivoire has raised around 110 billion CFA francs on the West African Economic and Monetary Union (UEMOA) financial market, in a domestic debt operation aimed at supporting state financing needs, according to market data reported by regional financial sources.

The issuance, conducted through Treasury bills and bonds, att...

Published on May 09, 2026

Côte d’Ivoire and Brazil Explore Stronger Agricultural Cooperation

Bruno Nabagné Koné held talks on Friday with a delegation from Brazilian development company CODEVASF as Côte d’Ivoire moves to strengthen international partnerships aimed at modernizing its agricultural sector.

The meeting, held in Abidjan, was attended by Lamine Kanté, who accompanied the Brazilian dele...

Published on May 09, 2026

AfDB and Germany Partner to Accelerate Railway Modernization in Africa

African Development Bank and Deutsche Bahn have signed a letter of intent to launch a feasibility study for the creation of a railway competence center in Africa, as part of efforts to strengthen transport infrastructure development across the continent.

The agreement was...

Published on May 08, 2026

Ivory Coast Grants Gold Exploration Permit in Northeastern Region

Côte d'Ivoire’s government has granted a gold exploration permit to Exploration Mining Investment Limited Côte d’Ivoire SARL in the northeastern department of Kong, according to a statement issued after Wednesday’s cabinet meeting.

The decree, ap...

Published on May 08, 2026

PETROCI reports higher 2025 revenue despite weak oil prices and rising investment costs

ABIDJAN, May 7, 2026 (Reuters) – Côte d’Ivoire’s state-owned oil company PETROCI Holding reported improved financial performance in 2025, supported by stronger revenues and continued investment in strategic oil and gas projects, according to figures released by the company.

The company posted a turnover of 595 bil...

Published on May 08, 2026

Ferké 2: Côte d’Ivoire Inaugurates Its First Sugar Cane Distillery

Minister of Planning and Development, Souleymane Diarrassouba, took part on Thursday, May 7, 2026, in the inauguration of Côte d’Ivoire’s first sugar cane distillery, located at the SUCAF-CI production site in Ferkessédougou (Ferké 2).

The ceremony...

Published on May 07, 2026

Côte d’Ivoire Seeks Billions in Funding for 2026-2030 National Development Plan

As part of the implementation of the National Development Plan (PND) 2026–2030, the government, with the support of the World Bank, the European Union, the African Development Bank, and the United Nations system, will organize a consultative group meeting on July 8 and 9, 2026, in Abidjan.

According to government spokesperson Amado...

Published on May 07, 2026

Africa’s Public Debt Trends Show Mixed Picture in 2025 as Risks and Resilience Coexist

Africa’s public debt landscape is showing signs of moderation, but significant disparities between countries continue to highlight both fiscal vulnerability and gradual economic adjustment across the continent.

According to recent International Monetary Fund (IMF) assessments, the median public debt-to-GDP ratio in Africa has eased...

Published on May 06, 2026

Côte d’Ivoire: Senate unanimously adopts 2026–2030 National Development Plan worth 114.8 trillion FCFA

The Senate unanimously adopts the 2026–2030 NDP: Côte d’Ivoire commits to mobilizing 114,838.5 billion FCFA

The Senate of the Republic of Côte d’Ivoire unanimously adopted on May 5, 2026, during a plenary session held in Yamoussoukro under the leadership of Senate President Kandia Camara, the bill on the Nat...

Published on May 05, 2026

Ivory Coast commerce sector grows nearly 16% in February 2026, driven by wholesale and automotive activity

Ivory Coast’s commerce sector recorded a sharp increase of nearly 16% in turnover in February 2026 year-on-year, driven mainly by strong performance in wholesale trade and the automotive industry, according to sector data and recent economic trends.

The expansion highlights the continued resilience of the country’s trade acti...

Published on May 05, 2026