As a reflection of Côte d’Ivoire’s ongoing commitment to improving its business environment and making the nation an attractive investment destination, the World Economic Forum’s Global Competitiveness Index for 2014 – 2015 has ranked Côte d’Ivoire 115th this year, a significant improvement over our ranking of 126th last year. We are now ahead of many other African nations, such as Nigeria, Mozambique, Angola and Tanzania, and are continuing to work hard on improvements in processes and procedures that will move us towards our objective of being an Emerging Market Country by 2020.
Ryan Otto, Managing Director of South Africa’s Megatron Federal, and an Executive Director of Ellies Holdings, met with Côte d’Ivoire’s Prime Minister, Daniel Kablan Duncan, in Abidjan last week. During their visit, Megatron Federal signed a Memorandum of Understanding with the Ministry of Energy to develop hydroelectric projects in Missiliou and Marabadiassa, Côte d’Ivoire.
Côte d’Ivoire’s creative scene is blossoming with a new crop of ambitious, young animators.
We are so pleased to have an Ivorian film screened at Cannes this year. Congratulations to young Ivorian director, Philippe Lacôte!
Côte d’Ivoire is proud to host Standard Bank’s Francophone African hub office. As the largest economy in the CFA zone, Côte d’Ivoire is the ideal launchpad for businesses looking for a foothold in this 300 million strong regional marketplace, and we look forward to working with Standard Bank and its clients to realise our economic potential.
Standard Bank identifies Francophone Africa as Next Frontier for Continent’s Investment Boom
Standard Bank plans to use its presence in the Ivory Coast to expand its service offering across the rest of Francophone Africa
ABIDJAN, Côte d’Ivoire, May 9, 2014/African Press Organization (APO)/ — Standard Bank (http://www.standardbank.com) plans to use its presence in the Ivory Coast (Côte d’Ivoire) to expand its service offering across the rest of Francophone Africa, which the lender believes is poised to experience an investment boom as foreign companies are lured by the region’s mineral wealth and economic growth.
Watch the video “Stanbic IBTC’s part in the West African Growth story”: http://youtu.be/DYL_zKEUbjc
Download the infographic “Gateways to West Africa”: http://www.photos.apo-opa.com/plog-content/images/apo/photos/gateways-to-west-africa.jpg
Africa’s largest lender opened its Ivory Coast representative office in the capital city of Abidjan in November last year to service its 145 clients with…
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Magic System’s much anticipated new album is scheduled for release on May 19th. If you haven’t yet discovered this Ivorian supergroup, who reached a global audience with their hit song “Premier Gaou”, you won’t want to miss the following clip:
The Prime Minister of Côte d’Ivoire, His Excellency, Daniel Kablan Duncan, the Minister of Agriculture, Mr. Mamadou Sangafowa Coulibaly, and Organisation des Producteurs Exportateurs de Bananes, d’Ananas, de Mangues et d’Autre Fruits d’Exportation de Côte d’Ivoire (OBAM-CI, Organisation of Producers and Exporters of Bananas, Pineapples, Mangoes, and Other Export Fruit in Côte d’Ivoire) have launched an ambitious project to cultivate dessert bananas for export in the Bandama region of northern Côte d’Ivoire. This project, involving 500 hectares of land along the Bandama River, in and around the village of Nabedjakaha, seeks to transform northern Côte d’Ivoire into a significant producer of dessert bananas for export.
The pilot phase of the Bandama banana project, involving 50 hectares of land cultivated by OBAM-CI, through its principal member, owner and operator, La Société de Culture Bananière (SCB, Society for Banana Culture) has demonstrated that this region of northern Côte d’Ivoire can produce abundant, export-quality bananas. The project promises to re-invigorate this rural region’s economy by creating sustainable livelihoods for its inhabitants.
When complete, OBAM-CI expects the Bandama banana project to involve a total investment of US$98 million and create permanent employment for 700 rural people. The economic growth and development created by the Bandama banana cultivation project is expected to have a positive impact on the livelihoods of an additional 4,000 people in surrounding rural communities.
The Bandama banana project will ultimately involve 500 hectares of banana plantations and is expected to produce 21,000 tonnes of dessert bananas by 2019. It will be accompanied by social projects providing schools, clinics, and housing for local communities.
Côte d’Ivoire’s Banana Industry
Côte d’Ivoire, already Africa’s largest banana exporter, shipped 339,000 tonnes of bananas in 2012. However, the nation aims to significantly increase its exports of bananas and tropical fruit over the coming years as part of an ambitious export diversification strategy.
This strategy is already producing tangible results, with a 6% increase in banana production in 2012 alone. Today, 75% of Côte d’Ivoire’s bananas are ISO4001 certified, according to the European Union, which is supporting Côte d’Ivoire’s ambition to achieve 100% certification by 2019 and use banana production to help alleviate rural poverty.