The Ivorian ministry of transport revealed in a press released on September 18 that the transport sector has lost a total of CFA111 billion ($200 million) due to the coronavirus pandemic.
“Initiated since June 2020, this study has focused on operating losses including turnover, fixed costs, and incompressible fixed costs as well as mandatory salaries to be financed,” explains the Ministry.
Passenger transport is the most affected segment with an estimated CFA84.5 billion in losses, including CFA38.5 billion for urban transport and CFA46 billion for interurban transport. The transport of goods, for its part, accumulated a loss of CFA26.4 billion.
According to Ahmed Diomandé, the Minister's Chief of Staff, these results are key indicators to better plan the implementation of the response to the pandemic and facilitate the search for funding for a better recovery of the sector.
On March 29, the government decided to isolate the economic capital, which remains the epicenter of Covid-19 in the country, from other cities. From that date until July 15, when this measure was lifted, intercity transport companies remained closed. This makes more than three months of inactivity
Romuald Ngueyap
The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...
Togo passes new law tightening anti-money laundering and terrorism financing rules Legislat...
Gabon names Thierry Minko economy and finance minister in Jan. 1 reshuffle Move follows tra...
Ethiopia agreed in principle with investors holding over 45% of its $1 billion eurobond due 2...
Heirs Energies acquires M&P’s 20% Seplat stake for $496M, exiting french group Maurel & Pro...
Rwanda ranks first in Africa in the World Bank’s Business Ready 2025 with a score of 67.94. Benin and Senegal enter Africa’s Top 10 for the first time...
Acumen closed a $250 million blended-finance raise for off-grid electricity in sub-Saharan Africa. The H2R Amplify debt fund reached $180...
Ivory Coast expects a new government after the prime minister and cabinet resigned following December 27 legislative elections. The ruling RHDP won...
West African Resources produced 205,228 ounces of gold at Sanbrado in 2025, within its guidance range. Total Burkina Faso output from Sanbrado and...
The Sundance Institute selected three African films from more than 16,000 submissions across 164 countries. The 2026 festival will run from January 22...
Organizers opened submissions for the sixth Annaba Mediterranean Film Festival from Jan. 8 to Feb. 28, 2026. The festival accepts feature films, short...