Côte d’Ivoire has announced the creation of Africa’s first floating solar energy farm, as the western African country seeks to increase its production of renewable energy. The farm to cost €80 million will be funded largely by France’s development agency; Agence française de développement (AFD) and the Ivorian government, Jeune Afrique reported, quoting the Minister […]
Three Moroccan banks have positioned themselves in the top 5 banking groups in the West African Monetary Union (WAMU), Ecofin news Agency reported. These are BMCE Bank Group, Attijariwafa Bank, and Groupe Banque Centrale Populaire. They made the move after making acquisitions in Mali, Senegal and Côte D’Ivoire. The Bank of Africa group, owned by […]
German Chancellor Angela Merkel this week met 11 African heads of state, international organizations and corporate leaders to promote a program launched last year to encourage private investment in Africa. The G20 Compact with Africa was open to all African countries but so far only 11 have joined: Benin, Côte d’Ivoire, Egypt, Ethiopia, Ghana, Guinea, […]
With 92 mayors and 18 regional councilors, Ivorian President Alassane Ouattara’s ruling alliance won a majority in local elections that were contested by its former coalition ally Henri Konan Bédié. The PDCI, led by Henri Konan Bédié, alleged electoral fraud and filed appeals before the country’s Supreme Court, challenging the results in several constituencies. Violence […]
The West African Development Bank (BOAD) has pledged to invest about 50 billion CFA francs to support climate projects in the region. The information was disclosed by the Head of the Climate Finance Division at BOAD, Ibrahima Traoré. The financial institution is mobilizing 45 billion CFA francs to finance any structuring project, public or private, […]
The Independent Development Evaluation (IDEV) of the African Development Bank opened its biennial Development Evaluation Week on Thursday in Abidjan, Côte d’Ivoire. The two-day event focuses on the contribution evaluation can make to achieving greater development impact through learning from the past. “Learning constructively from past successes, the Bank considers mistakes and experiences critical building […]
Côte d’Ivoire will seek to resolve peacefully a border dispute with Guinea that has seen an Ivorian village occupied by Guinean soldiers. The border dispute has fueled tensions between the two West African nations for decades. Consultations to agree on the delimitation of the disputed border inherited from the colonial era, has started in Man, […]
Côte d’Ivoire’s National Council of the Union of Soroists has called on Speaker of Parliament, Guillaume Soro, to run as a candidate for the country’s 2020 elections. Soro led the Patriotic Movement of Côte d’Ivoire (MPCI) in a September 2002 rebellion against then President Gbagbo that triggered the Ivorian Civil War. Soro was also leader […]
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 […]
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