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.
Vodacom Tanzania launches M-Pesa Global Payments, enabling seamless international transactions thr...
Kossi Ténou succeeds Badanam Patoki as president of the AMF-UMOA. Ténou brings over 20 years of e...
JA Africa launches $1.5M digital safety program in four African countries Initiative to ...
Francophone Sub-Saharan Africa hosts 860+ startups but faces deep structural weaknesses EY urges...
Botswana and Oman signed strategic agreements that include a 500-MW solar photovoltaic project. T...
ECOWAS sent a high-level delegation on December 1 to negotiate a return to constitutional order after the military seized power ahead of the publication...
South Africa launches a 496 m rand ECCE Outcomes Fund for preschool learning Program targets 2,000 centers and 115,000 children aged...
SNIM commissions 12 MW solar and 30 MW thermal plants in Tiris Zemmour New facilities support mining operations and power Zouerate and...
Orange Sierra Leone opens €23m Bo data center as disaster-recovery site Facility expands rural connectivity and supports national digital...
Niokolo-Koba National Park, designated both a Biosphere Reserve and a UNESCO World Heritage Site, is one of the ecological treasures of Senegal and all of...
Hidden deep within the Arabuko-Sokoke Forest on Kenya’s coast near Malindi, the ancient city of Gedi stands as one of East Africa’s most intriguing...