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Economic News

BIDC approves CFA 10 billion credit line to support Côte d’Ivoire’s private sector

The ECOWAS Bank for Investment and Development (BIDC) has approved a CFA 10 billion credit line to support private sector development in Côte d’Ivoire, as part of its efforts to strengthen economic activity and finance productive investments across West Africa.

The financing facility was granted to the Banque Sahélo-Sa...

Published on Jul 08, 2026

BIDC approves CFA 12.82 billion financing to renovate Abidjan’s Symphonie Building

The ECOWAS Bank for Investment and Development (BIDC) has approved CFA 12.82 billion in financing to support the renovation, modernization, operation and maintenance of the Symphonie Building in Abidjan, a strategic public asset that is expected to become the future headquarters of Côte d’Ivoire’s Ministry of Justice.

T...

Published on Jul 08, 2026

Côte d'Ivoire is placing agriculture at the heart of its economic development strategy

Côte d'Ivoire is positioning agriculture as a key driver of its economic development strategy over the next five years, with the government aiming to boost local processing, strengthen food security and modernize the sector under its 2026–2030 National Development Plan (PND).

Speaking on Wednesday during the Consultative Grou...

Published on Jul 08, 2026

BRVM Posts Historic First-Half Performance

The equity market has reached a historic milestone, recording a +30% performance in the first half of the year. Among the 47 listed companies, 7 stocks achieved gains of more than +100%, while 19 shares increased by over +50%. At the same time, investors received nearly FCFA 1,000...

Published on Jul 07, 2026

Côte d’Ivoire: Eni Moves Forward with FPSO Construction for Baleine Oil Field

Italian energy giant Eni has taken a major step forward in the development of the Baleine offshore oil field in Published on Jul 06, 2026

🇨🇮 From Gold to Lithium: Corica Mining Expands Its Footprint in Mali’s Mining Sector

Based in Abidjan, Corica Mining Services is continuing its expansion across West Africa. The Ivorian mining contractor has been selected by Australian company Toubani Resources as the mining contractor for the future Kobada Gold Project in Mali, subjec...

Published on Jul 06, 2026

Côte d’Ivoire secures US$50 million from the Green Climate Fund for climate-smart agriculture

On Wednesday, July 1, 2026, during its 45th Board Meeting held in Dushanbe, Tajikistan, the Green Climate Fund (GCF) approved a US$50 million grant for Côte d’Ivoire to implement the project entitled “Strengthening Sustainable Land Management and Climate-Resilient Agrifood Systems in Côte d’Ivoire” (LARACI). Published on Jul 06, 2026

West Africa Accelerates Data Center Expansion to Power the Digital Economy

West Africa is rapidly expanding its data center infrastructure as governments and private operators position the region for the next phase of digital transformation. Driven by the growth of cloud computing, artificial intelligence (AI), digital finance and e-commerce, data centers are increasingly viewed as strategic assets for economic develop...

Published on Jul 03, 2026

Energy Sovereignty: Côte d’Ivoire and Algeria Sign a Framework Agreement on Energy and Renewable Energy Cooperation

Côte d’Ivoire’s Minister of Mines, Petroleum and Energy, Mamadou Sangafowa-Coulibaly, and Algeria’s Minister of Energy and Renewable Energies, Mourad Adjal, signed a framework cooperation agreement in the fields of energy and renewable energy on Tuesday, June 30, 2026, in Abidjan-Plateau.

According to Mamadou Sang...

Published on Jul 02, 2026

Côte d’Ivoire strengthens its healthcare system with new IDA financing

The Ivorian government has ratified three agreements signed on May 14, 2026, with the International Development Association (IDA), including two grant agreements totaling US$25 million (approximately CFA 13.979 billion) and one loan agreement worth €169.5 million (just over CFA 111 billion), to finance Phase 2 of the Multiphase Programmatic...

Published on Jul 02, 2026

Côte d’Ivoire secures CFA 229.06 billion in World Bank financing to boost private investment and productive jobs.

Private Investment and Productive Jobs Development: Côte d’Ivoire Secures CFA 229.06 Billion in World Bank Financing

As part of its policy to promote private investment and productive employment, Côte d’Ivoire has secured two financing agreements: €261.9 million (approximately CFA 171.795 billion) from the In...

Published on Jul 02, 2026

Côte d’Ivoire strengthens its clean energy transition

National Hydropower Production: AFD Provides CFA 85.274 Billion to Finance the Water and Sun Alliance (WASUNA) Programme

During the Council of Ministers meeting held on Wednesday, July 1, 2026, at the Presidential Palace in Abidjan-Plateau, the Ivorian government adopted a decree ratifying a €130 million (approximately CFA 85.274 bi...

Published on Jul 02, 2026