Public Management

Côte d'Ivoire: Road transport lost $200mln to Covid-19

Côte d'Ivoire: Road transport lost $200mln to Covid-19
Monday, 21 September 2020 17:04

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

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Fund will support start-ups in maritime and blue economy sectors Launch planned at Lagos blue economy investment summit in March 2026 Initiative...
The African Development Bank secured $11 billion in pledges to replenish the African Development Fund. The amount rose from the previous cycle...
Gabon insurance turnover rebounds 72.3% in second quarter 2025 Recovery driven by construction, mining, life and non-life growth Claims surge...
Stable and Chipper Cash announced a collaboration to integrate StableChain into Chipper’s platform, aiming to enhance cross-border digital asset...
Most Read
01

AI-backed agri-fintech is increasingly being used to pilot new rural credit models in Africa, where ...

From Mobile Data to Farm Loans: How AI Is Expanding Rural Credit in Africa
02

Investment bank BCID-AES established  in Bamako Bank aims to fund infrastructure, agricultur...

Sahel Alliance Establishes Investment Bank, Key Financing Decisions Pending
03

This week’s health update shows Africa edging closer to the end of the mpox public health emergency,...

Weekly Health Update | Africa Steps Up Essential Medicines Strategy, Despite Outbreaks, Funding Gaps
04

Standard Bank extended a USD 138 million facility to STEP, acting as sole arranger and advisor to ...

$138 Million Standard Bank Facility to Power Safaricom's Ethiopia Business Expansion
05

BNP Paribas entered exclusive preliminary talks with Holmarcom to sell its 67% stake in BMCI. ...

BNP Paribas Enters Exclusive Talks to Sell BMCI Stake to Holmarcom
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.