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
Phatisa reaches $86 million first close for food fund Backed by BII, IFC, and other development finance institutions Fund targets Africa’s food...
Gabon Loisirs et Tourisme acquires Newrest Gabon operations Deal covers 300 employees, nine sites, and industrial catering services Takeover...
PenCom licenses Awabah as the first approved pension agent Move targets informal and self-employed workers under the micro pension scheme Reform aims...
Mali plans to raise CFA1,450 billion on the WAEMU financial market in 2026 Issuance will be spread quarterly through Treasury bills and bonds Regional...
Most Read
01

Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...

Global Firepower Index 2026: Egypt, Algeria, Nigeria Lead Africa's Military Rankings
02

Deposits grow 2.7%, supporting lending recovery Average loan sizes small, credit risk persists ...

Togo Microfinance: Deposits and Loans Rise Simultaneously in Q3 2025
03

Oil majors expand offshore exploration from Senegal to Angola Gulf of Guinea accounts for about 1...

Gulf of Guinea regains appeal as a key exploration hub for oil majors
04

The BCEAO granted Semoa a level-3 “full service” payment institution license on January 27, 2026...

Togolese Fintech Semoa Wins Full-Service BCEAO License
05

MTN is considering buying back telecom towers it sold years ago, signalling that control of infras...

MTN’s Talks to Buyout IHS: A Strategic Reversal That Could Reshape African Telecoms
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.