Ivory Coast

Côte D\'Ivoire is bordered by Burkina Faso, Ghana, Guinea, Liberia and Mali with 515km of North Atlantic coastline and a land mass of 322,463km2. It has close political and economic ties with its West African neighbours, and it maintains close ties to the West, particularly France. The capital is Yamoussoukro, while the commercial and administrative centre is Abidjan, the largest city.

GDP is US$94.5bn which is expected to grow by 6% in 2025 and it has a population of 31.2 million which includes the largest French-speaking population on the continent.
Its currency is the West African Franc.

Over the past decade, it has quietly but steadily transformed its economy. As the world’s leading cocoa producer, the country has recorded one of the fastest and most sustained economic growth rates in Sub-Saharan Africa for over ten years. With an average real GDP growth of 8.2% between 2012 and 2019.

Côte d’Ivoire’s political and social climate has remained stable since the unrest surrounding the controversial 2020 presidential election. The country is now preparing for the next election, scheduled for October 2025. Incumbent President Alassane Ouattara, in power since 2010, has yet to confirm whether he will seek a fourth term. He remains the favoured candidate of the Rally of Houphouëtists for Democracy and Peace (RHDP).

Under the country’s National Renewable Energy Action Plan, Ivory Coast has set a target of increasing renewable energy in its energy mix to 42% by 2030. According to the Ivory Coast’s Minister of Mines, Power and Electricity Mamadou Sangafowa Coulibaly, the country is positioned to add 678 MW of solar power to its network by the end of the decade. Ivory Coast currently has an installed power capacity of 2,907 MW, with seven operational hydroelectric dams serving as its primary energy source. The country aims to increase its energy capacity to 3,500 MW by 2025, 5,200 MW by 2030 and 8,600 MW by 2040, with the government’s ambition to establish Ivory Coast as West Africa’s energy hub on the back of its immense renewable energy potential.

Firering Strategic Minerals Plc is a, Australian Stock Exchange listed, Cote d’ Ivoire-based mining company is holds a 90% interest in Atex, a highly prospective 134.96km2 exploration project located within the Baoulé-Moss domain of Ivory coast which has rich mineral deposits, including lithium, gold, and base metals.

Two-thirds of the population are employed in the agricultural sector, which represents 25% of GDP and 70% of export earnings. This primary sector is composed of food crops (12% of GDP), export crops (11%), and animal husbandry and peaches (2%).


Sources: Who Owns Whom sector reports, CIA Factbook, African Development Bank, World Bank, Trading Economics, African Statistical Yearbook and IMF. ?>