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Economic News

Côte d’Ivoire secures €103.14 million funding for PROSER II electricity expansion programme

The African Development Bank (AfDB) Group has approved a financing package of €103.14 million (approximately 67.65 billion CFA francs) for the second phase of the Electricity Access Expansion Support Programme (PROSER II) in Côte d’Ivoire.

The programme aims to expand electricity access across the country, with a target...

Published on Jun 08, 2026

Morocco emerges as Africa’s leading industrial power as West Africa rises

Morocco has emerged as Africa’s leading industrial power for the first time, surpassing South Africa, according to recent industrial performance assessments associated with the African Development Bank Group’s industrialization outlook.

The shift reflects Morocco’s sustained strategy of industrial upgrading over the pas...

Published on Jun 08, 2026

Ghana Launches $3.5 Billion AgriConnect Compact to Transform Agriculture

ACCRA — The Government of Ghana has launched the AgriConnect Compact, a major agricultural transformation programme valued at $3.5 billion (approximately 2,100 billion CFA francs), aimed at modernizing the country’s agricultural sector between 2026 and 2030.

The initiative is supported by the World Bank Group and several inte...

Published on Jun 08, 2026

Cameroon launches operational phase of Kribi Hydrocarbons Terminal project

The Société camerounaise des dépôts pétroliers (SCDP) and the Port Authority of Kribi (PAK) have officially launched the operational phase of the future Kribi Hydrocarbons Terminal (THK), a major strategic energy infrastructure project in Central Africa.

The project, approved at the highest level of the...

Published on Jun 08, 2026

Republic of the Congo Allocates 255.89 Billion CFA Francs to Debt Service in March 2026

The Republic of the Congo allocated approximately 255.89 billion CFA francs to servicing its public debt in March 2026, according to data published by the national Debt Management Office (Caisse congolaise d’amortissement).

The figure highlights the continued heavy burden of debt repayment on public finances, with the majority of p...

Published on Jun 08, 2026

Strong Growth Confirms the Strength of Côte d’Ivoire’s Agriculture

The Minister of Agriculture, Rural Development and Food Crop Production, Bruno Nabagné Koné, chaired the 2025 Agricultural Sector Review Workshop in Yamoussoukro on June 5, in the presence of the Minister Delegate, Bernard Kini Komoé.

Commending the central role of producers and the satisfactory performance of the pa...

Published on Jun 08, 2026

€25 Million EU-Funded Innovative Projects in Côte d’Ivoire under INTERREG MAC

On June 4, 2026, ten innovative projects worth €25 million (16.4 billion CFA francs) were presented in Abidjan at the Azalaï Hotel under the INTERREG MAC 2021–2027 programme, in the presence of the European Union and its partners, inclu...

Published on Jun 07, 2026

MTN Côte d’Ivoire: Abbad Reda Appointed CEO Starting September 1

MTN Group, Africa’s largest telecommunications operator, continues to strengthen its leadership structure as it seeks to consolidate its position across the continent amid rising demand and increasing competition. In Côte d’Ivoire, th...

Published on Jun 07, 2026

MTN announces new Group Chief People and Culture Officer and Côte d’Ivoire and Zambia CEOs

Ahead of the retirement later this year of Paul Norman, MTN Group is pleased to announce the appointment of Mitwa Ng’ambi as the MTN Group Chief People and Culture Officer, joining the Group Executive Committee no later than 1 September 2026. We...

Published on Jun 07, 2026

Côte d’Ivoire Secures $53.2 Million Loan to Build Kobo–Kanawolo Highway Section

The Ivorian government has approved a loan agreement of 30 billion FCFA (approximately $53.2 million) with the West African Development Bank (BOAD) to partially finance the construction of the Kobo–Kanawolo section of the Northern Highway....

Published on Jun 07, 2026

Côte d’Ivoire Increases State Stake in Compagnie Minière du Baffin to 30%

The Ivorian government has approved an increase in its financial participation in Compagnie Minière du Baffin (CMB), raising its total public stake to 30%, according to a cabinet statement released Wednesday.

Government spokesperson and Minister of Communication Amadou Coulibaly announced that the decision was adopted during a Cab...

Published on Jun 03, 2026

Côte d’Ivoire Projects State Budget to Rise to CFA 22.3 Trillion by 2029

Côte d’Ivoire expects its state budget to grow steadily over the next three years, reaching 22.3 trillion CFA francs ($38 billion) by 2029, as the government seeks to sustain economic growth while maintaining macroeconomic stability.

Government spokesperson and Minister of Communication Amadou Coulibaly announced the projecti...

Published on Jun 03, 2026