Economic activity remains strong in West African Economic and Monetary Union (WAEMU) as countries of the regional bloc maintain their growth momentum. Forecasts predict a GDP growth of 6.8% for 2018, an improvement in compliance with the convergence criteria. Members of the West African Economic and Monetary Union, also known by its French acronym, UEMOA, […]
Côte d’Ivoire, the world’s top cocoa producer plans to build a 60 to 70 megawatts (MW) capacity biomass power generation plant running on waste from cocoa pods. The project is part of the West African nation’s aim to develop 424 MW of biomass power generation capacity by 2030. The country produces around 2 million tons […]
Ghana and Côte d’Ivoire will jointly decide on the volume and timing of cocoa exports by August for the 2019/20 season, the head of Ghana’s Cocobod said on Wednesday. The world’s top two producers of cocoa have agreed to harmonize the forward sales of cocoa export contracts, a statement released by Ghana Cocobod and its […]
President Alassane Ouattara of Côte d’Ivoire said he is free to stand for a third term in the 2020 presidential election under the country’s new constitution. Ouattara, 76, made the statement in an interview with French magazine Jeune Afrique. “The new constitution authorizes me to serve two terms starting in 2020,” Ouatara said, adding that […]
Ivorian head of state Alassane Ouattara on Tuesday agreed with opposition leader and former president, Henri Konan Bédié (HKB), to form a coalition of six political parties ahead of the 2020 presidential election. According to a communiqué released after the two leaders’ meeting, the President of Côte d’Ivoire and the President of the PDCI-RDA have […]
The African Development Bank (AfDB) will launch twelve new projects to support agribusiness SMEs in 6 African countries, The Bank said in a statement. The projects will be funded by the AfDB’s Agriculture Fast Track Fund (AFT) in Ghana, Ethiopia, Malawi, Nigeria, Mozambique and Burkina Faso. According to the Bank, the $28.8 million envelope will […]
The Ivorian ruling coalition has won the West African nation’s first senatorial elections, which were boycotted by the opposition. According to results published by the Independent Electoral Commission, the Rally of Houphouetists for Democracy and Peace (RHDP) coalition won 50 out of the 66 seats contested. Those results must now be validated by the Constitutional […]
The sixth edition of the Africa CEO Forum organized by Jeune Afrique Media Group and Rainbow Unlimited, in Abidjan, brought together around 1,200 delegates including, heads of state, African and international CEO’s, investors, bankers and other stake holders who debated Africa’s economic transformation. Three African presidents, namely Alassane Ouattara of the host country, Côte d’Ivoire, […]
Coffee is piling up at ports and warehouses in Côte d’Ivoire, the world’s biggest coffee producer, 3 months after Algeria, its main buyer, banned the import of 900 products including coffee and other foodstuffs, part of measures to cut spending following a drop in earnings from oil and gas. According to several operators in the […]
About 125,000 tons of cocoa beans have been smuggled from Côte d’Ivoire to neighboring countries since the beginning of the 2017/2018 season, Bloomberg reports quoting sources close to the Council of Coffee and Cocoa in the West African nation. According to Bloomberg, nearly 100,000 tons of cocoa beans were smuggled across the border with Ghana […]
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