Côte d’Ivoire, the world’s top cocoa producer, has risen to the top spot as the best-rated sovereign in sub-Saharan Africa with foreign debt outstanding, overtaking South Africa, according to the latest S&P Global Ratings. While both countries maintain their BB- ratings by S&P Global Ratings, Côte d’Ivoire shifted to positive on what the ratings company […]
Tag: Cote d’Ivoire
Côte d’Ivoire seeks OPEC membership after major oil finds
Côte d’Ivoire is in the process of meeting the criteria to join the OPEC, the country’s oil and mining minister amadou Sangafowa Coulibaly announced. This came few days after ENI said it found significant reserves of oil offshore Côte d’Ivoire, with a specific well in particular having as much as 1.5 billion barrels of oil […]
Italy’s Eni announces oil, gas discovery offshore Côte d’Ivoire
Italy’s Eni said it found significant reserves of oil and gas offshore Côte d’Ivoire, with a specific well in particular having as much as 1.5 billion barrels of oil equivalent of potential resources. This will be Eni’s second big hydrocarbon discovery off the West African nation over the past few years following on from its […]
US deepens ties with Angola, in bid to counter Chinese and Russian influence in Africa
As the US top diplomat wrapped up his visit to Cape Verde, Côte d’Ivoire, Nigeria and Angola (21-26 January), experts have hailed what they call the United States finally “making serious efforts to strengthen its relations with Africa”. The four-nation tour of the continent by the US Secretary of State Anthony Blinken was also officially […]
Japan, Côte d’Ivoire sign €5.3m deal to support rice production
Japan will provide Côte d’Ivoire with equipment worth €5.3 million to support the West African country’s national plan to grow rice and consequently reduce its dependence on importation. Ivorian Minister Finance Adama Coulibaly and country presentative of Japan International Cooperation Agency (JICA) Usui Yukichi signed last week the equipment financing. The West African country plans […]
Côte d’Ivoire: Dozens of journalists covering AFCON 2023 injured in road accident
As many as 36 reporters covering the ongoing African Cup of Nations (AFCON) 2023 in Côte d’Ivoire have been injured after their bus coming from the city of Yamoussoukro had an accident Wednesday January 24 as they entered capital Abidjan. The accident reportedly occurred at 2 am GMT at the Carena Boulevard, in Plateau commune, […]
U.S. pledges $45 million in security funding to West Africa
US top diplomat Antony J. Blinken announced Tuesday January 23 a pledge of $45 million in funding for security in West Africa, a region reeling with terrorism activities in some of its countries. Blinken made the announcement in Cote d’Ivoire as he met with President Alassane Ouattara in the capital, Abidjan. “Cote d’Ivoire is an […]
Côte d’Ivoire to supply fuel to Guinea in wake of fuel terminal explosion
The Ivorian Government announced Wednesday December 27 the decision to send every month 50 million liters of fuel to Guinea, which is facing an acute shortage following the explosion this month of the country’s fuel terminal. “Côte d’Ivoire commits to deliver 50 million liters of fuel per month to Guinea”, the State-run television RTI said […]
Bogota-based Quipux SAS company sells its minority shares in Côte d’Ivoire
The Colombian designing and development company Quipux SAS has sold its minority shares in Abidjan-based Quipux Afrique SA, a company running integrated management center at the Transport ministry of the West African country. he company thus becomes a private company with 100% Ivorian capital. The Colombia firm sold its shares to Côte d’Ivoire, which owns […]
AfDB loans Côte d’Ivoire €165m to finance key programs of country’s National Development Plan 2021-2025
The African Development Bank (AfDB) announced Monday the approval by its board of directors of two loans valued at €165 million earmarked for the implementation of the Diversification, Industrial Acceleration, Competitiveness and Employment (DAICE) Program, an important aspect of the country’s National Development Plan 2021-2025. The first loan is worth €120 million and the second […]









