Public Management

Ivorian govt introduces a new parafiscal levy on advertising

Ivorian govt introduces a new parafiscal levy on advertising
Wednesday, 01 December 2021 18:53

The media industry in many African countries has long suffered from a lack of support from authorities. To break this trend, the Ivorian government has invested more than CFA10 billion ($17.3 million) over the past decade to support private media.

Amadou Coulibaly, Ivorian Minister of Communication, Media and Francophonie, announced last November 29 the introduction of a parafiscal tax on advertising in the country. This was during the International Symposium on Public Aid to the Media organized by the Fund for the Development of the Press (FSDP) of Côte d'Ivoire.

"We need to collect a levy on advertising to support the development of the media sector,” the official said, adding that it was not normal that "some international media companies that operate the Ivorian market do not pay tax”. The new parafiscal tax aligns with the government’s ambition to increase public support to the media industry in general and the private media sector in particular.

Beyond Côte d'Ivoire, the participants of this International Symposium discussed opportunities to improve public aid to private media in the ECOWAS. A network of organizations managing funding and aid to the media was created in that regard in Abidjan. It will be led by the Burkinabe Ibrahim Mohamed, who heads the Support Fund for the private press in his country.

Isaac K. Kassouwi

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Moniepoint acquires restaurant software platform Orda Africa Deal expands integrated services across payments, operations, analytics Targets...
Ghana’s stock market gained nearly 20% since late February, leading globally Bank stocks drove the rally, alongside oil-linked gains Stronger economic...
BOA Niger will not pay dividends for 2025 after profits fell 91.8% Earnings dropped sharply amid weaker income, higher costs, and a tough...
The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as residents. The move aims to capture diaspora...
Most Read
01

Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...

Telecel Ghana plans 150% investment increase in MTN-dominated market
02

Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...

Togo Passes Law to Criminalize Counterfeiting of West African CFA Franc
03

Namibia and Russia agreed to expand cooperation across energy, mining, and agriculture. Both coun...

Namibia and Russia Expand Economic Cooperation Across Key Sectors
04

Cameroon signs MoUs for $1.5 billion waste-to-energy projects Plans target waste treat...

Cameroon Signs $1.5 Billion Waste-to-Energy MoUs Amid Urban Sanitation Strain
05

CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA trai...

Strengthening the Business Climate in WAEMU Countries: CCR-UEMOA Reviews Its Midterm Record
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.