The Vodacom Group, which is transitioning from a traditional telco to a tech company, views fibre optic internet as the next frontier to be conquered ... in South Africa and the rest of the continent, says Vodacom CEO Shameel Joosub.
Ivory Coast, the world’s top cocoa producer, is emerging from years of political turmoil and its now fast-growing economy accounts for around 40% of the eight-nation West African CFA franc currency zone.
Investments registered by the Centre amounted to 219bn CFA francs ($370m) between January and June, up from 174.8bnCFA a year ago, the Centre’s director, Emmanuel Essis Esmel, said on Tuesday. “Ivory Coast’s attractiveness to investors is clear,” he told reporters.
Twenty-eight percent of the investments are in construction and public works, 25% in food and agriculture, 16% in transport and storage, 12% in plastics and 5% in hospitality, the centre said, adding that 30% of the investments are held by Ivorians.
The Centre hopes total investments this year will amount to 810bn CFA francs ($1.4bn) and will target international investors to do so, Esmel said.
Understand Africa's tomorrow... today
We believe that Africa is poorly represented, and badly under-estimated. Beyond the vast opportunity manifest in African markets, we highlight people who make a difference; leaders turning the tide, youth driving change, and an indefatigable business community. That is what we believe will change the continent, and that is what we report on. With hard-hitting investigations, innovative analysis and deep dives into countries and sectors, The Africa Report delivers the insight you need.View subscription options