Invest in Côte d’Ivoire
A business guide for Africa’s fastest-growing economy
Côte d’Ivoire is the largest economy in French-speaking West Africa and the third largest in West Africa after Nigeria and Ghana. Real gross domestic product (GDP) grew on average by 9% per year during the period 2012-15, making it the fastest growing economy in the region.
Key takeouts from this report
Côte d’Ivoire’s economy
Since 2012, Côte d’Ivoire’s economic performance has been impressive. Political normalisation, budget support policy, debt reduction, and reforms to strengthen the business climate have led to an acceleration of economic activity.
The World Bank projects an average annual growth rate of approximately 8% over the 2016-18 period for Côte d’Ivoire. This is higher than the SSA and world averages of 3.2% and 2.7% respectively over the same period.
Côte d’Ivoire’s business environment has matured substantially over recent years based on a stable political environment. Enabled by an improving business landscape and more efficient investment policies, in 2015 a total of 9 534 businesses were created in Côte d’Ivoire, a 47% annual increase.
Côte d’Ivoire offers relatively well-developed road infrastructure, the second-largest port in West Africa, and a modern airport with a national airline that serves all of the major capital cities in the region. In this report we focus on priority sectors such as real estate, the financial services, energy infrastructure, transport infrastructure, telecoms, agribusiness and consumer goods.
Challenges and risks
Despite Côte d’Ivoire’s promising outlook, the country will need to address a number of challenges in order to uphold its high growth and achieve a more sustainable growth outlook.
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