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Mon,18Dec2017

Ivory Coast

Cote d'Ivoire aims to double oil and gas output by 2020

Photo©ReutersIvory Coast aims to roughly double oil and gas output by 2020 as it pushes for foreign investment in offshore exploration, the head of state oil and gas company Petroci said on Wednesday.

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Cote d'Ivoire: Investment up by 25 per cent

A general view of the construction site of Ivory Coast's third bridge, the Henri Konan Bedie, named after the country's former president, is seen in Abidjan. Reuters/Thierry GouegnonInvestment in Ivory Coast is up 25 percent in the first half of this year on the same period in 2015, according to the Centre for Investment Promotion, which tracks in-flows into the economy in most sectors other than mining and power.

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Côte d'Ivoire elections: On the campaign trail

President Ouattara's party (RDR) met early 2015 to name him as RDR's presidential candidate. Photo©ReutersCampaigning in Côte d'Ivoire's 25 October presidential election is in its final stretch. President Ouattara's campaign has been the flashiest, with others struggling to raise funds and craft catchy messages.

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International Cocoa Organization, ICCO to move to Abidjan

The International Cocoa Organization (ICCO) said it will begin moving its headquarters from London to Abidjan, the commercial capital of Ivory Coast.

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Investment: Kellogg to spend $450 million to expand in Africa

Photo©ReutersKellogg Co is setting up a joint venture with the African arm of Singapore's Tolaram Group to bolster its breakfast and snack food offerings in West Africa.

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Investment: Bollore invests 30 million euros in Cote d'Ivoire-Burkina rail link

Bollore has invested 30 million euros ($33.6 million) to buy trains for the freight and passenger line it operates between Burkina Faso and Ivory Coast, the French company said.

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French retailer Fnac to open stores in Ivory Coast

Photo©ReutersFrench books and electronics retailer Fnac plans to open its first two stores in Abidjan, Ivory Coast in the coming months to exploit growing consumer demand in sub-Saharan Africa.

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Abundant cocoa crops in Ivory Coast reliant on mixed weather conditions

Photos@ReuterscocoacropsIvoryCoastLight rains in the past week in most of Ivory Coast's main cocoa growing regions boosted hopes for a healthy main crop but overcast skies could reduce the size of the early harvest, farmers said today.

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Electricity: West Africa plans regional power market to bridge electricity gap

West Africa's regional body will pool its resources to establish an electricity market to end the blackouts that have blighted its 15 member states for decades.

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Banking: Rapid growth in West Africa's CFA zone makes debt manageable

Photo©ReutersThe Economic and Monetary Union of West Africa (UEMOA) plans to issue 2,865 billion CFA francs ($4.9 billion) in debt this year, down 22.4 percent from 2014 when both Ivory Coast and Senegal issued Eurobonds.

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Oil and Gas: Ghana, Cote d'Ivoire legal dispute could delay Tullow project

Photo©ReutersTullow Oil lost over 200 million pounds ($308 million) of its market value on Monday, hit by concerns that a boundary dispute between Ivory Coast and Ghana could delay a project off the coast of west Africa.

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Finance: Cote d'Ivoire $1 bn Eurobond nearly four times oversubscribed

Investors have placed nearly $4 billion in orders for a $1 billion Eurobond -- sub-Saharan Africa's first in 2015 -- which Ivory Coast marketed on Tuesday, a government spokesman said.

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A popular uprising concentrates the minds of African leaders

President Yoweri Museveni, Uganda (L) President Paul Kagame, Rwanda (R)The game of thrones and succession planning in Africa was jolted by the spectacle on 31 October of Burkina Faso's President Blaise Compaoré fleeing the mass street demonstrations in Ouagadougou on a French helicopter for exile in neighbouring Côte d'Ivoire.

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Cote d'Ivoire gets $91 million China Exim Bank loan for water upgrades

China's Exim Bank and Ivory Coast have signed a loan deal worth 48.4 billion CFA francs ($91.48 million) to finance water infrastructure work in Abidjan.

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Farmers worry as Harmattan winds arrive in Ivory Coast's cocoa growing regions

Dry Harmattan winds descended on many of Ivory Coast's cocoa growing regions last week as the rains ended, causing farmers to express concern on Monday over the potential negative impact of the seasonal weather phenomenon.

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Cocoa woes ahead as trees in Ghana and Côte d'Ivoire tire

Photo©ReutersSeveral bumper cocoa crops have left trees in Ivory Coast and Ghana fatigued, farmers and exporters said on Friday, raising concern that the world's top two producers may struggle to rebound from a sluggish start to the season.

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Cote d'Ivoire to cut mobile operators to improve service

The number of mobile operators in Cote d'Ivoire will be reduced as a government plan to check the quality of mobile phone services begins.

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Ivorian cocoa farmers see robust harvest

Photos@ReutersIvoryCoastcocoaIvory Coast farmers are busy drying and preparing cocoa for sale for the opening of the 2014/15 season later this week, and most said weather conditions favoured a robust harvest for the forthcoming October-to-March main crop.

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Cote d'Ivoire merchants stockpile cocoa amid new price expectations

File Photo©ReutersCocoa merchants in Ivory Coast have built up stocks of beans and are holding them back in order to profit from an expected increase in the government's price scale for the 2014/15 season, which opens at the beginning of next month, exporters and merchants say.

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Côte d'Ivoire's boycotters, bankers and footballers

Abdourahmane Cissé (1 - Photo©abidjan.net), Aminata Niane (2 - Photo©All Rights Reserved), Didier Drogba (3 - Photo©Kalpesh Lathigra for JA) Politicians are getting ready for elections in 2015, while businessmen, financiers and sportsmen plot out their futures.

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