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Economic News

Côte d’Ivoire: A New 115-Tonne Gold Deposit Identified Near Boundiali

Côte d’Ivoire has reconfirmed the potential of its underground gold reserves. In the northern part of the country, near Boundiali, Australian company Aurum Resources has identified a deposit with resources estimated at 115 tonnes of gold following two years of exploration.

Published on Oct 11, 2026

Côte d’Ivoire scores 4.0 in World Bank’s 2025 CPIA assessment, ranks second in Africa

Côte d’Ivoire scored 4.0 out of a possible 6 in the World Bank’s 2025 Country Policy and Institutional Assessment (CPIA), up from 3.9 in 2024, placing it second among African countries and first in West Africa, according to information released by the Ivorian authorities.

The assessment evaluates countries’ econom...

Published on Oct 10, 2026

Ethiopia inaugurates precious metals refinery with capacity to process more than 600 tonnes annually

Ethiopia has inaugurated a national precious metals refinery with an announced annual processing capacity of more than 600 tonnes, in a move aimed at expanding domestic mineral processing and increasing the value the country derives from its natural resources.

Prime Minister Abiy Ahmed announced the opening of the facility on Saturday. L...

Published on Oct 10, 2026

Côte d’Ivoire reports major gold discovery as Aurum plans Boundiali mine

Australian mining company Aurum Resources has reported gold resources estimated at 115 tonnes at its Boundiali project in northern Côte d’Ivoire, with construction of a new mine expected to begin by the end of 2026.

The company’s chief executive, Caigen Wang, presented the results of two years of exploration to Prime Mi...

Published on Oct 09, 2026

Côte d’Ivoire turns to AI and satellite data to monitor forests and agriculture

Côte d’Ivoire is turning to satellite data and artificial intelligence to strengthen forest monitoring, improve agricultural traceability and support efforts to attract climate finance. The government has signed a 24-month framework agreement with TerraKora AI, an Ivorian company specializing in geospatial technologies and artificial...

Published on Oct 08, 2026

Barry Callebaut plans to triple chocolate production capacity in Côte d’Ivoire

Swiss chocolate and cocoa group Barry Callebaut plans to triple the capacity of its chocolate production line in Côte d’Ivoire as part of a 10-year growth programme focused on the world’s largest cocoa-producing country, the company’s chief executive said on Tuesday.

Barry Callebaut CEO Hein Schumacher made the an...

Published on Oct 07, 2026

Côte d’Ivoire breaks new ground with first 20-year bond on regional debt market

Côte d’Ivoire has broken new ground on the West African regional debt market by issuing its first 20-year Treasury bond, extending the maturity of local-currency borrowing beyond the previous 15-year record and attracting strong investor interest.

The operation was conducted on Tuesday, October 6, through an auction on the UM...

Published on Oct 07, 2026

Africa launches its own credit rating agency to challenge how its risk is assessed

The African Union is set to launch the Africa Credit Rating Agency (AfCRA) on Wednesday in Mauritius, giving the continent its own institution to assess the creditworthiness of African governments, companies and other entities.

The agency is designed to provide an Africa-focused perspective on credit risk and address concerns that intern...

Published on Oct 06, 2026

BCEAO to require PI-SPI for interoperable electronic money transfers from November

The Central Bank of West African States (BCEAO) will require interoperable electronic money transfers between individuals in the West African Economic and Monetary Union (WAEMU) to go through its PI-SPI instant payment platform from Nov. 2, 2026.

The measure is part of the central bank’s efforts to expand access to instant payments...

Published on Oct 05, 2026

Côte d’Ivoire Aims to Inject New Momentum into Mango Industry Management

In Côte d’Ivoire, the mango sector will now be supervised by the Cotton, Cashew, and Shea Council (CCAK). The announcement was made on Wednesday, September 23, following a Council of Ministers meeting. According to authorities, this decisio...

Published on Oct 04, 2026

Côte d’Ivoire plans 1,014 km of highways to connect regions

Côte d’Ivoire plans to build 1,014 kilometres of highways and 6,774 kilometres of paved intercity roads between 2026 and 2030, as part of its new National Development Plan (PND).

The road programme is designed to improve connections between the country’s regions, production areas, economic centres and markets.

T...

Published on Oct 02, 2026