The Ivorian government continues to maintain investor confidence. Just days ago, it completed a bond exchange worth $746.7 million on the WAEMU market.
Côte d’Ivoire has raised CFA147.7 billion (about $244 million) from the regional financial market, reaffirming strong investor interest despite rising borrowing costs.
During the March 18 auction, yields on three-year bonds climbed to 7.64%, up from 7.50% earlier in the month. Five-year bonds also saw a slight increase to 7.45%, compared to 7.41% in the last issuance. Meanwhile, seven-year bonds offered a 6.69% yield—lower than the 7.31% recorded in early March—but demand for this maturity remained weak, with only CFA4.9 billion raised.
Most investors were from Côte d’Ivoire, with Burkina Faso contributing CFA13.8 billion and Senegal adding CFA2.4 billion. Other WAEMU countries sat out this round.
Just days before the auction, Côte d’Ivoire completed a CFA450 billion ($746.7 million) bond swap in the West African Economic and Monetary Union (WAEMU) market. The operation, which exceeded its CFA400 billion target, aimed to ease 2025 debt repayments by replacing existing obligations with new five- and seven-year bonds, carrying interest rates of 5.90% and 6.00%, respectively.
With CFA1.36 trillion already raised this year, Côte d’Ivoire has accounted for more than half of the CFA2.65 trillion borrowed by WAEMU states so far. This underscores the country’s financial dominance in the region but also raises concerns about potential market saturation.
Operator explores renewable energy partnership with Italy’s Ascot Energy Move aims to stabilize p...
A $147M Novastar Ventures fund backed by major Japanese firms offers co-investment rights int...
First investor town hall since 2021 signals renewed engagement with markets Authorities hi...
Arise IIP plans to invest more than $3 billion in Kenya over five years The company wi...
Efforts to reinforce health systems are gaining pace across Africa, with this week’s developments fo...
Africa’s sports economy could expand from $12bn to $30-35bn over the next decade Tourism contributes up to 8% of GDP across the continent,...
A two-year partnership will support women entrepreneurs with finance and training The initiative targets underserved and refugee-hosting...
Chevron has taken a final investment decision on the Aseng Gas Monetisation project. The project targets 550 billion cubic feet of gas with an...
Burkina Faso recorded a $1.6 billion trade surplus in Q4 2025, up sharply from the previous quarter. Gold accounted for 96.8% of total...
The Bijagos Archipelago, located off the coast of Guinea-Bissau, stands as one of West Africa’s most extraordinary island systems. Made up of around forty...
RFI confirmed the end of “Couleurs Tropicales” following Claudy Siar’s departure after 31 years. The move follows a series of high-profile exits...