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
Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
Namibia and Russia agreed to expand cooperation across energy, mining, and agriculture. Both coun...
Cameroon signs MoUs for $1.5 billion waste-to-energy projects Plans target waste treat...
CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA trai...
The Democratic Republic of Congo and Angola will hold their third bilateral economic forum from March 31 to April 3 in Kinshasa. The forum will focus...
Burkina Faso ratified a $80.3 million loan from the African Development Bank to modernize transport infrastructure. The project targets road...
The European Union launched PanAfGeo+ Invest to promote EU investments in critical minerals across Africa. The program targets Democratic Republic of...
Tshisekedi orders Grand Inga agreements finalized within 60 days Government to adopt legal framework to unlock World Bank support Inga 3...
Kumbi Saleh is regarded as one of the earliest major political and commercial capitals of West Africa. Located in present-day Mauritania, near the border...
Event highlights growing role of diaspora entrepreneurs across multiple sectors Networks support trade, investment and SME...