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Economic News

Côte d’Ivoire: Banks Convert 64.4% of Deposits into Loans in 2025

Côte d’Ivoire’s banking sector collected more than 23,000 billion CFA francs in deposits in 2025, but converted only 14,820 billion CFA francs into customer loans, representing a loan-to-deposit ratio of 64.4%, according to figures reported by Sika Finance.

The figures highlight a significant gap between the resources m...

Published on Sep 07, 2026

Côte d’Ivoire seeks to attract more German tourists through new industry partnerships

Côte d’Ivoire is seeking to strengthen its position in the German tourism market by bringing local tourism operators closer to German professionals and adapting its tourism offering to the expectations of German travellers.

A session dedicated to the habits, expectations and consumption patterns of German tourists was held in...

Published on Sep 04, 2026

Côte d’Ivoire: Stanislas Zézé plans investment fund to support African SMEs

Ivorian financial executive Stanislas Zézé has announced plans to create an investment fund aimed at supporting small and medium-sized enterprises across Africa, as he seeks to expand access to capital for businesses at different stages of their development.

Zézé, founder and chief executive of Bloomfield Inve...

Published on Sep 04, 2026

Côte d’Ivoire: CEPICI seeks to attract more Chinese investment

Côte d’Ivoire is seeking to attract more Chinese capital into its economy, with a focus on textiles, agro-processing, construction materials, transport and heavy industry as part of efforts to accelerate industrial development.

On the sidelines of the Intertextile Shanghai 2026 trade fair, an Ivorian delegation led by Solange...

Published on Sep 02, 2026

Côte d’Ivoire partners with Mistral AI to accelerate digital transformation

Côte d’Ivoire is stepping up its artificial intelligence ambitions through a strategic partnership with Mistral AI, seeking to develop and deploy AI solutions tailored to the country’s national priorities.

The agreement between the Ministry of Digital Transition and Technological Innovation and the French AI company is...

Published on Sep 01, 2026

Côte d’Ivoire sets cocoa price at 1,200 CFA francs per kg for 2026–2027 season

Côte d’Ivoire has set the farmgate price for cocoa at 1,200 CFA francs ($2.1) per kilogram for the 2026–2027 marketing season, maintaining the reduced price introduced earlier this year as global cocoa prices retreated from record highs.

The announcement was made on Tuesday, September 1, by Agriculture Minister Bruno Na...

Published on Sep 01, 2026

Côte d’Ivoire targets $150 million automotive glass investment from China

Côte d’Ivoire is exploring a potential $150 million investment by Chinese automotive glass manufacturer Xinyi Glass Group, which could lead to the construction of the company’s first African production plant.

The project was discussed during a business mission led by Amichia, Director General of the Centre for Investmen...

Published on Sep 01, 2026

Africa trades, but remains too fragmented to industrialise at scale

Africa’s next economic challenge is not simply to trade more. It is to make its economies work together.

A new World Bank report, “Integrating Africa: From Threads to Hubs”, warns that the continent’s integration potential remains constrained by fragmented customs systems, transport networks, regulations, standard...

Published on Aug 31, 2026

Côte d’Ivoire: $45 million compensation package secured for communities affected by major gold project

AFG Bank Côte d’Ivoire and Endeavour Mining have signed an agreement to secure the payment of more than 28 billion CFA francs ($45 million) in compensation to communities affected by the planned Assafou-Dibibango gold project in eastern Côte d’Ivoire.

More than 1,150 people affected by the development are expected...

Published on Aug 31, 2026

Côte d’Ivoire: Sidi Tiémoko Touré courts US partnerships to transform livestock sector

Côte d’Ivoire is stepping up efforts to attract American expertise, investment and technology into its livestock and fisheries sectors.

Agriculture and Animal Resources Minister Sidi Tiémoko Touré travelled to Pennsylvania and Iowa on August 17–18 to promote the Salon de l’Élevage d’Abid...

Published on Aug 31, 2026

Gold: Australian miner Perseus reports $1.18 billion economic contribution across Africa

Australian gold producer Perseus Mining says it delivered about $1.18 billion in direct economic value to its African host countries during the 2026 financial year, marking a 46% increase from the previous year.

The company, which operates across Ghana and Côte d’Ivoire and is developing a major gold project in Tanzania, repo...

Published on Aug 28, 2026

Côte d’Ivoire’s Delayed Cocoa Harvest Raises Risk of Port Congestion Ahead of EU Rules

Côte d’Ivoire is facing a potentially difficult end to the year for its cocoa industry, as a delayed main harvest could push large volumes of beans into the country’s ports at the same time exporters prepare for stricter European Union rules on deforestation.

The world’s largest cocoa producer is expecting the 202...

Published on Aug 28, 2026