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Economic News

Development of Agriculture: Minister Kobenan Kouassi Adjoumani Reaffirms Government's Commitment to Establishing a Strong Seed Sector

The Minister of State, Minister of Agriculture, Rural Development, and Food Production, Kobenan Kouassi Adjoumani, has reiterated the Ivorian government's commitment to building a solid seed sector capable of supporting the country's agricultural devel...

Published on Oct 10, 2024

Assembled for Africa’s Economic Development: Minister Nialé Kaba Reaffirms Côte d’Ivoire's Commitment to IDA-21 Success

Abidjan, October 9, 2024 – Minister of Economy, Planning, and Development, Nialé Kaba, reaffirmed the Ivorian government’s commitment to the success of the 21st replenishment campaign of the International Development Association (IDA...

Published on Oct 10, 2024

21st Edition of the IDA: Minister Nialé Kaba Outlines the Stakes of the Event

Invited to the national television channel (RTI1) on October 7, 2024, the Minister of Economy, Planning, and Development, Nialé Kaba, presented the stakes of the 21st replenishment of resources of the International Development Association (IDA-21), scheduled for December 2024 in Abidjan.

According to Nialé Kaba, the stakes...

Published on Oct 08, 2024

5th Annual Oil and Gas Conference and Expo: Minister Mamadou Sangafowa-Coulibaly Forges Productive Connections in Angola

From October 1-2, 2024, Côte d'Ivoire’s Minister of Mines, Petroleum, and Energy, Mamadou Sangafowa-Coulibaly, participated in the 5th Annual Oil and Gas Conference and Expo in Angola, invited by Angola’s Minister of Mineral Resources...

Published on Oct 07, 2024

African Development Bank and USAID Sign $600 million Landmark Regional Development Agreement for the Sahel

The African Development Bank Group and the United States Agency for International Development (USAID) have signed a landmark Regional Development Objective Agreement (RDOAG) to strengthen social and economic development in the Sahel. The signing ceremo...

Published on Oct 04, 2024

Côte d'Ivoire Commits to the Abidjan-Dakar Highway Project

Following the highway connecting Abidjan to Lagos, the Ivorian government approved on September 30th the ratification of a treaty for the construction of a multimodal corridor, linking the Ivorian capital to Daka...

Published on Oct 04, 2024

Côte d’Ivoire Secures $300 Million from MCC for the Energy Sector

The Côte d’Ivoire is set to strengthen its status as a key energy hub in West Africa. On September 18, the country secured $300 million (approximately 196.8 billion CFA francs) from the Millennium Challenge Corporation (MCC) under its regional Compact program. This funding aims to support the development of a regional electricity mar...

Published on Oct 04, 2024

Mali, Burkina Faso: CFAF 1,000 billion spent by Ivorian oil companies

While Côte d'Ivoire is self-sufficient in petroleum products, with national production of 4.84 million tonnes in 2023 for local consumption of 2.79 million tonnes, representing 58% of its production, this is not the case for Mali and Burkina Faso...

Published on Oct 03, 2024

ARISE IIP Secures Major $443 Million Investment for Pan-African Expansion

ARISE IIP is thrilled to announce a significant fundraising achievement of $443 million, which includes a strategic investment of $300 million from the Fund for Export Development in Africa (FEDA), the investment fund of the African Export-I...

Published on Oct 02, 2024

New Fuel Prices in Côte d'Ivoire for October 2024

The Ivorian government, through the Ministry of Mines, Petroleum, and Energy, has announced the maximum retail prices for petroleum products applicable nationwide for the period from October 1 to October 31, 2024. This price revision primarily concerns unleaded gasoline, kerosene,...

Published on Oct 01, 2024

2024-2025 Coffee and Cocoa Marketing Campaign: Coffee Set at 1,500 FCFA, Cocoa at 1,800 FCFA

The Ivorian government has set the farm gate price for the 2024-2025 coffee and cocoa marketing season at 1,500 FCFA per kilogram for coffee and 1,800 FCFA per kilogram for cocoa. This announcement was made by the Minister of Agriculture, Rural Development, and Food Production, Kobenan Kouassi Adjoumani, at the conclusion of the National Cocoa a...

Published on Oct 01, 2024

Ivory Coast Highlights Energy Progress at New York Roundtable on West Africa’s Power Solutions

During a roundtable discussion organized by Power Africa and the Millennium Challenge Corporation (MCC) on September 24, 2024, in New York, Ivory Coast’s Minister of Mines, Petroleum, and Energy, Mamadou Sangafowa-Coulibaly, showcased the country...

Published on Oct 01, 2024