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.
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
Since its 2019 IPO, Airtel Africa paid Deloitte over $37 million in audit and non-audit fees,...
CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA trai...
World Bank announces $137 million to boost West Africa digital economy Program expands broad...
ECOWAS is proposing a regional digital platform for passengers to file and track complaints online...
The United States is exploring Morocco as an alternative fertilizer supplier amid Middle East disruptions. About 22% of U.S. fertilizer imports,...
Atlantic Lithium secured agreements to raise $16.4 million to fund development of the Ewoyaa lithium project in Ghana. Ghanaian investors could...
System to enable tree-level traceability from forest to export Reform targets data gaps, fraud risks, and weak sector oversight Gabon's government...
Seaturns launches 2 MW wave energy pilot in Mauritius Project tests grid-connected technology with potential expansion to 10 MW Initiative reflects...
Event highlights growing role of diaspora entrepreneurs across multiple sectors Networks support trade, investment and SME...
Afreximbank launches Impact Stories season two highlighting trade-driven transformations Series features projects across Africa and Caribbean, from...