Initially seen at 7.2%, Côte d’Ivoire’s economic growth is now expected to be 1.8% due to the impact of the coronavirus on the economy.
Speaking during the opening of the AfDB annual meetings on August 26, the Ivorian President, Alassane Ouattara (pictured), said the weakest performances will come from Agriculture, construction, transport, and tourism, which are the most affected sectors.
The new growth outlook is close to that envisaged by the “median” scenario prepared by the country’s authorities concerning the impact of Covid-19 on the economy. Growth under this plan was seen at 1.6% of GDP in case the pandemic is controlled at the end of September 2020.
Better forecasts were however made by the International Monetary Fund (IMF), which sees the Ivorian economic growth at 2.7% for 2020, against 6.9% in 2019.
Absa Kenya hires M-PESA’s Sitoyo Lopokoiyit, signalling a shift from branch banking to a telecom-s...
Ziidi Trader enables NSE share trading via M-Pesa M-Pesa revenue rose 15.2% to 161.1 billio...
MTN Group has no official presence in the Democratic Republic of Congo, where the mobile market is d...
Ghana has 50,000 tonnes unsold cocoa at ports Cocoa prices fell from $13,000 to around ...
This week in Africa, Africa CDC is stepping up its drive for health sovereignty, building new partne...
GB Foods acquires 2,428 hectares for tomatoes in Ghana Land to supply Tema tomato processing plant Ghana imports average 54,361 tons paste...
NEM, Perminas sign MoU on Gabon’s Maboumine project Perminas may take equity stake in rare earths mine Project targets 18,000 tons rare earths...
Nine South African universities top sub-Saharan QS rankings University of Cape Town ranked first regionally Region’s higher education faces...
Fiscal consolidation and aggressive tax collection are draining liquidity from Ivorian SMEs, even as the headline GDP growth exceeds six per...
“Dao” ranks among the three films in official competition at the 76th Berlinale and marks Alain Gomis’ second bid for the Golden Bear. The film...
Fort Jesus is a fortress located in Mombasa, on Kenya’s coastline, at the entrance to the natural harbor that long made the city a hub of trade in the...