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Economic News

Energy: A 52 MWp Solar Power Plant Planned in M'Bengué (Poro Region) by the End of 2027

Abidjan, August 5, 2025 – The Minister of Mines, Petroleum and Energy, Mamadou Sangafowa-Coulibaly, presided over the signing ceremony of the Tongon Solar Convention on Tuesday, August 5, 2025, in Abidjan-Plateau. The agreement concerns the const...

Published on Aug 07, 2025

UEMOA Set to Launch Interoperable Instant Payment Platform Across West Africa

Dakar, August 1, 2025 – The Central Bank of West African States (BCEAO) is preparing to launch a major innovation in the region’s financial landscape with the upcoming rollout of the Interoperable Platform for Instant Payment System (PI‑SPI...

Published on Aug 06, 2025

Côte d’Ivoire: A New 32 Billion FCFA Cocoa Factory Inaugurated in Divo(southwest of Côte d’Ivoire)

A new cocoa processing plant with an annual capacity of 36,000 tonnes was inaugurated on Saturday, August 2, in Divo, in the Lôh-Djiboua region in central-west Côte d’Ivoire. The factory, named Published on Aug 05, 2025

Dangote Cement: Abidjan to Host a New Plant Soon

Dangote Cement Plc, the largest cement producer on the African continent, is continuing its regional expansion strategy with the upcoming launch of a grinding plant in Côte d’Ivoire with a capacity of 3 million metric tons per year (Mt/a),...

Published on Aug 04, 2025

Côte d’Ivoire, Nigeria, and Cameroon Now Subject to 15% Tariffs by the United States

Starting August 7, exports from Côte d’Ivoire, Nigeria, and Cameroon will be subject to an additional 15% tariff (on top of th...

Published on Aug 04, 2025

Trade Balance: A Surplus of 1,462 Billion CFA Francs in the First Quarter of 2025 Compared to 423 Billion CFA Francs in the Same Period in 2024

Abidjan, July 30, 2025 – At the end of the first quarter of 2025, Côte d'Ivoire’s trade balance showed a surplus of 1,462 billion CFA francs, significantly higher than the surplus of 423 billion CFA francs recorded during the same period in 2024.

This information was provided by government spokesperson Amadou Coulibaly...

Published on Jul 31, 2025

Côte d’IvoireYango Group Opens New Regional African Headquarters in Abidjan

July 25, 2025 Yango Group, a Dubai-based technology company operating in over 30 countries, has announced the opening of its new African regional headquarters in Abidjan, Côte d’Ivoire. This hub will coordinate the group’s expanding o...

Published on Jul 28, 2025

Burkina Faso – Côte d’Ivoire: 2nd Largest Foreign Investor

According to SikaFinance, a WAEMU-based financial news platform, Burkina Faso’s foreign direct investment (FDI) stock reached 2,458.9 billion CFA francs (approximately USD 4.4 billion) by the end of 2023, marking a 2.8% increase from 2,392.5 billion CFA francs in 2022. Published on Jul 23, 2025

$297 Million from IsDB to Fund Growth in Côte d’Ivoire, Mauritania, and The Gambia

The Islamic Development Bank (IsDB) has approved the disbursement of approximately $297 million to support inclusive growth, job creation, and improved access to essential services in Côte d’Ivoire, The Gambia, and Mauritania.

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Published on Jul 23, 2025

Maritime Sector: Côte d’Ivoire Terminal Acquires 2 Quay Cranes and 9 Yard Cranes

Côte d’Ivoire Terminal, operator of the 2nd container terminal at the Port of Abidjan, received on July 11, 2025, two new quay cranes (STS) and nine fully electric yard cranes (RTG).

This acquisition increases the operator’s fleet to 8 quay cranes (up from 6) and 27 yard cranes (up from 18), thereby strengthening its ha...

Published on Jul 17, 2025

Illegal Gold Mining and Gold Traceability: Minister Mamadou Sangafowa-Coulibaly Equips Mining Authorities with 30 Surveillance Drones

Abidjan, July 16, 2025 – As part of efforts to strengthen the fight against illegal gold mining, the Minister of Mines, Petroleum and Energy, Mamadou Sangafowa-Coulibaly, presided over an official ceremony on Friday, July 11, 2025, in Yamoussoukr...

Published on Jul 16, 2025

Digital Development: Côte d'Ivoire and G42 Presight Seal Two Agreements

Two non-binding memorandums of understanding (MoUs) in the fields of digitalization and public service transformation were signed on Thursday, July 10, 2025, between the Emirati public company G42 Presight, a global leader in Big Data analytics, and, o...

Published on Jul 13, 2025