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Economic News

Botswana: Akinwumi Adesina appointed to chair developing diamond investment fund

Former President of the African Development Bank (AfDB), Akinwumi Adesina, has been appointed Chairman of the Board of Directors of the Diamonds for Development Fund, according to announcements made on Friday, May 29, 2026, by the Government of Botswan...

Published on Jun 02, 2026

In Kigali, Wave Mobile Money positions African youth as a driver of innovation and financial inclusion

Organized during the week of the Basketball Africa League (BAL) Finals, the event brought together leaders from sports, finance, public policy, technology, and investment to explore how inclusive digital infrastructure can support the next generation o...

Published on Jun 02, 2026

Food Crop Production: Minister Bernard Kini Comoé Deploys Major Support Package for Producers in the Bagoué Region

The Minister Delegate to the Minister of Agriculture, Rural Development and Food Crop Production, in charge of Food Crop Production, Bernard Kini ComoéPublished on Jun 02, 2026

Côte d’Ivoire signs €423 billion deal for 372 MW Songon power plant to boost national energy supply

Representing the Minister of Mines, Petroleum and Energy, Mamadou Sangafowa-Coulibaly, the Director General of Energy, Éhouman Kalifa Narcisse, presided on Monday, June 1, 2026, in Abidjan-Plateau, over the signing of financial agreements for the construction of a 372 MW combined-cycle power plant project in Songon, with a total investmen...

Published on Jun 01, 2026

Côte d’Ivoire: trade surplus exceeds 2.4 trillion CFA francs in Q1 2026

Côte d’Ivoire recorded a strong improvement in its external trade position in the first quarter of 2026, with its trade surplus surpassing 2.4 trillion CFA francs, driven by robust export performance, particularly in cocoa and gold, according to financial sector data.

The expansion reflects a solid start to the year for West...

Published on Jun 01, 2026

Côte d’Ivoire and Senegal Among Africa’s Most Industrialized Economies, Says 2025 Report

Côte d’Ivoire and Senegal rank among Africa’s 10 most industrialized countries, according to a 2025 report attributed to the African Development Bank (AfDB) and cited by economic media outlets.

The report highlights the growing industrial capacity of both West African nations, positioning them as emerging manufacturing...

Published on Jun 01, 2026

AfDB Annual Meetings End in Brazzaville with Strong Commitment to Africa’s Transformation

The 61st African Development Bank Group (AfDB) Annual Meetings concluded in Brazzaville on 29 May, carrying a strong message of optimism, partnership, and transformation for the African continent.

Published on May 30, 2026

Canada Reaffirms Support for Côte d’Ivoire’s 2026–2030 Development Plan at AfDB Meetings

On the sidelines of the Annual Meetings of the African Development Bank (AfDB) Group in Brazzaville, Côte d’Ivoire’s Minister of Planning and Development and AfDB Governor for Côte d’Ivoire, Dr. Souleymane Diarrassouba, held talks on Wednesday, May 27, 2026, with Patricia PENA, Alternate Temporary Governor of the Af...

Published on May 28, 2026

African Development Bank and UNFPA Sign Strategic Partnership to Boost Maternal Health and Human Capital in Africa

The African Development Bank Group and the United Nations Population Fund (UNFPA) have signed a memorandum of understanding aimed at increasing the Bank Group’s investments in maternal health, human capital development, and demographic resilience, on the sidelines of the 2026 Annual Meetings.

African Development Bank Group Presiden...

Published on May 28, 2026

ITB Shanghai 2026: Côte d’Ivoire Makes Strategic Move to Conquer the Asian Tourism Market

Côte d’Ivoire’s participation in the 2026 edition of ITB China in Shanghai has been described by officials as a strategic milestone in the country’s efforts to expand its international tourism footprint, particularly in the fast-growing Asian market.

As part of its “Sublime Côte d’Ivoire” t...

Published on May 28, 2026

Côte d’Ivoire cocoa sector: Touton restructures operations after Hartree takeover, exits storage and processing activities

The French commodities trader Touton is scaling back its physical footprint in Côte d’Ivoire’s cocoa sector, following its acquisition and strategic repositioning under U.S.-based hedge fund Hartree Partners, according to industry sources and sector reports.

The restructuring marks a significant shift in one of the key...

Published on May 28, 2026

Côte d’Ivoire pushes major railway expansion under 2026–2030 development plan

Côte d’Ivoire is advancing an ambitious railway modernization program as part of its National Development Plan (PND) 2026–2030, aiming to strengthen domestic connectivity and position the country as a regional transport and logistics hub in West Africa.

According to official government communications and sector document...

Published on May 28, 2026