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
African startups raised more than $272 million in February 2026, according to Africa: The Big Deal. Funding increased 56% from January, signaling...
KCB Group plans to acquire a stake in an Ethiopian bank as part of its expansion strategy. The investment depends on regulatory approval in Ethiopia’s...
New Kinshasa-based court granted exclusive jurisdiction and dedicated prosecutor Tribunal expected to begin operations within three...
The International Finance Corporation is providing a $30 million trade finance guarantee to Banco de Fomento Angola. The facility will support...
Most Read
01

MTN Zambia tests Starlink satellite service connecting phones directly from space Direct-to...

Satellite direct-to-device telecoms: promise, momentum and hard limits
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

Since its 2019 IPO, Airtel Africa paid Deloitte over $37 million in audit and non-audit fees,...

Airtel Africa and Deloitte: A Seven-Year Relationship, $37 Million in Fees and a Planned Handover
04

Tilenga oil project required land from 4,954 households in Uganda Over 99% of affected households...

Report details land compensation for nearly 5,000 households in Uganda’s Tilenga oil project
05

World Bank announces $137 million to boost West Africa digital economy Program expands broad...

Benin, Liberia and Sierra Leone Receive $137M to Expand Digital Access for 5.2 Million People
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.