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Economic News

African Development Bank to Become Leading Shareholder in ATIDI to Lower Cost of Capital in Africa

The African Development Bank (AfDB) has approved an increase in its equity participation in the African Trade & Investment Development Insurance (ATIDI), a move that is expected to strengthen the institution’s capital base and reduce the cost of financing across the continent.

Under the new arrangement, the AfDB is set to hold...

Published on May 28, 2026

Afriland First Bank secures CFA 10 billion loan to support SMEs in Côte d’Ivoire

The ECOWAS Bank for Investment and Development (EBID) has granted a CFA 10 billion credit facility to Afriland First Bank Côte d’Ivoire to strengthen financing for small and medium-sized enterprises (SMEs) in Côte d’Ivoire, as demand for private sector funding continues to grow in West Africa’s rapidly expanding eco...

Published on May 28, 2026

Côte d'Ivoire Presents Its 2026 Economic Vision and Financing Strategy at AfDB Annual Meetings

Annual meetings of the african development bank in brazzaville: Côte d’ivoire presents its interpretation of AEO 2026 and its financing strategy

On the sidelines of the Annual Meetings of the African Development Bank (AfDB) in Brazzaville, the Minister of Planning and Development, Dr. Souleymane Diarrassouba, took part in a h...

Published on May 27, 2026

Africa Launches First Industrial Investment Barometer to Track Continent’s Industrial Growth

The African Development Bank Group (AfDB), together with WITBA Invest SA and Trendeo, has launched the inaugural African Industrial Investment Barometer (AfIIB), a new tool designed to measure and analyze industrial investment trends across the continent.

The launch took place on the sidelines of the AfDB’s 2026 Annual Meetings in...

Published on May 26, 2026

Côte d’Ivoire and Islamic Development Bank Launch $2.7 Billion Partnership Strategy for 2025–2029

Côte d’Ivoire and the Islamic Development Bank (IsDB) have officially launched a new Country Partnership Strategy for the 2025–2029 period, backed by a total envelope of $2.7 billion, including $1.5 billion in direct financing from the development institution.

The announcement was made in Abidjan during a high-level cer...

Published on May 26, 2026

Asset recycling: Côte d’Ivoire presents its model on the sidelines of the AfDB Annual Meetings

On the sidelines of the African Development Bank (AfDB) Annual Meetings in Brazzaville on Monday, May 23, 2026, Côte d’Ivoire’s Minister of Planning and Development, Dr. Souleymane Diarrassouba, took part in a high-level panel organized by Africa50 in the presence of the AfDB President.

The panel theme was: “Trans...

Published on May 26, 2026

Phase 3 of the Baleine Oil and Gas Field: ENI-PETROCI-VITOL Consortium Signs Final Investment Decision Worth USD 4 Billion

As part of the development of the third and final phase of the Baleine oil and gas field, Côte d’Ivoire’s Minister of Mines, Petroleum and Energy, Mamadou Sangafowa-Coulibaly, chaired the signing ceremony of the Final Investment Decision (FID) by the ENI-PETROCI-VITOL consortium on Monday, May 25, 2026, in Cocody, Abidjan. The...

Published on May 26, 2026

Côte d’Ivoire Presents Strong Economic and Social Progress Under PND 2021–2025

On the occasion of the press presentation of the 2026–2030 National Development Plan (NDP), held on Friday, May 22, 2026, in Abidjan-Plateau, the Minister of Planning and Development, Souleymane Diarrassouba, presented a positive assessment of the 2021–2025 NDP.

On the macroeconomic level, the Ivorian economy recorded an aver...

Published on May 24, 2026

Côte d’Ivoire Boosts Agricultural Production and Food Security Through Government Support Programs

The government is implementing several programmes aimed at strengthening food security, combating the high cost of living, and improving the living and working conditions of actors in the agricultural sector.

In Ferkessédougou, a cooperative of around one hundred women vegetable producers receives annual support in agricultural eq...

Published on May 24, 2026

EU–Côte d’Ivoire Food Programs Deliver Strong Results in Agriculture Sector

The National Coordinator of the Coordination Unit for Côte d’Ivoire–European Union Cooperation (CCC CI-UE), Semon Bamba, expressed satisfaction on Friday, May 22, 2026, in Abidjan-Cocody, with the results achieved under the Sustainable Food System Support Programme (PASAD) and the Food Sector Support Programme in Côte d&r...

Published on May 24, 2026

National Development Plan (PND) 2026–2030: Minister Souleymane Diarrassouba Presents Key Objectives

Souleymane Diarrassouba stated that the implementation of Côte d’Ivoire’s National Development Plan (PND) 2026–2030, which requires an estimated investment of 114.838 trillion FCFA over the period, is built around several key objectives.

Speaking during the presentation of the PND to the press on Friday, May 22, 2...

Published on May 22, 2026

CEMAC Workshop in Abidjan Highlights Côte d’Ivoire’s Public Enterprise Governance Model

Abidjan has been hosting since May 18, 2026, a high-level regional workshop bringing together several leaders of public enterprises from member countries of the Central African Economic and Monetary Community (CEMAC). Scheduled to run until May 21, 2026, the meeting is dedicated to performance monitoring and public enterprise governance, with a...

Published on May 20, 2026