Author: Jean-Mermoz Konandi

LafargeHolcim Ivory Coast continues its campaign of support for employment with the release of a new class of masons trained as part of its program of assistance to professional reintegration called “70 masons”. 28 young people who have just completed their apprenticeship received their parchment on October 19th. LarfargeHolcim gave them, during the ceremony organized in their honor, in addition to end-of-training diplomas, starter kits. These are personal protective equipment (helmet and construction boot) and a mason toolbox (trowel, plumb bob, bricklayer’s square, etc.), to allow them to seize the immediate opportunities that arise. will present themselves to them in…

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Côte d’Ivoire has just acquired an online platform that is now the single portal for investor services: www.225invest.ci. This website, which is intended to serve as an interface between foreign and local investors and the public administration, marks the starting point for the dematerialization of all public services and actions towards the private sector. not extremely important in the context of improving the business climate. Thus, the formalities of company (creation, modification, etc.), the obtaining of the licenses and business licenses, the formalities relating to the land, the registration of the acts of justice, the steps of connection to the…

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The African Development Bank has just approved, on October 16, a new financing of 329.47 million euros, or 216,12 billion FCFA, as part of the vast urban transport project of Greater Abidjan. This second tranche aims to strengthen road infrastructure in the western and northern parts of Abidjan paving the way for the cities of Dabou and Adzopé, areas of extension of the Ivorian economic capital. Thus, the ADB notes, this envelope will be used to transform 88 km of roads threatened with saturation in urban highways and thus double the flow capacity of the traffic. Concretely, it will be…

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Oragroup begins the process of joining the BRVM with the issue and sale of 13.88 million shares in the regional market as of October 29th. A “strategic choice” for a pan-African banking group that has great ambitions as explained in an interview Binta Toure NDoye, the director general, this October 19 in Abidjan. What is the strategy behind your upcoming IPO? Our stock market listing, which is the largest on the BRVM stock market since its inception, represents for us a very strategic moment of our institution. 2018 represents the 10th anniversary of the entry into our capital of ECP…

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After an interruption in the late 1970s, Ethiopian Airlines announced the resumption of its service to Mogadishu the Somali capital. This return will begin as early as November 2nd due to 3 weekly flights from Addis Ababa, a frequency that should then move to “several daily flights” because of the strong Somali diaspora spread around the world. “Flights will play an important role in strengthening interpersonal and economic relations between the two neighboring and brother countries. The flights will also allow the important Somali diaspora from the Americas, Europe, Asia, the Middle East, Europe and Africa to travel to their…

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The Belgian Michel Arrion, former ambassador of the European Union, is the new executive director of the ICCO, the international organization of cocoa, replacing the Ivorian Jean Marc Anga The new director was “appointed by consensus at the end of the September meeting of the International Cocoa Council, the governing body of the organization” for a five-year term, the ICCO statement said on October 1. The governance of Jean-Marc Anga was marked by the transfer of the ICCO headquarters from London to Abidjan in April 2017. Michel Arrion has been the representative of the European Union, particularly in Nigeria, Rwanda…

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The IMF welcomed a resilient Ivorian economy this October 3 despite the social and budgetary difficulties that marked the year 2017 and provides “good performance” over the next two years, said Céline Allard at the head of a mission came discuss the fourth review of the three-year economic and financial program supported by the institution. “Despite the endogenous and exogenous shocks of the year 2017, the Ivorian economy has shown resilience and good economic performance is expected for 2018 and 2019,” the mission said in its statement. “The performance of the IMF-supported program has been solid in the first half…

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The Ivorian government has set October 1 the purchase price “edge field” of cocoa at 750 CFA per kilogram (1.14 euros), an increase of 50 francs compared to the last campaign. This announcement, which officially opens the 2018/2019 campaign, takes account of anticipated sales and the evolution of market prices, said Lambert Kouassi Konan, chairman of the board of the CCC (Coffee Cocoa Council) on Monday in Abidjan. “We are forced to be cautious as the upcoming campaign opens in a still difficult context marked by falling prices,” he said, with prices having declined since the month of August after…

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Afriland First Bank has selected Temenos, the bank software publisher, as part of the renovation of its IT infrastructure. The bank intends to take advantage of this offer to support its digital transformation with the ambition of “becoming the most innovative African bank”. The agreement binding the two parties was sealed on 27 September in Geneva. “Temenos’ digital banking platform will enable us to be at the forefront of innovation and provide our clients with world-class services,” said Jean Paulin Fonkoua Kake, President of Afriland First Bank. Headquartered in Geneva, Switzerland, Temenos is the global leader in banking software. The…

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The Cargill, Wilmar and Touton groups have put forward offers for the takeover of the assets of SAF Cacao, the Ivorian cocoa giant, in judicial bankruptcy because of an abysmal indebtedness, reports Reuters on September 27th. “The most serious candidates are Wimar, Touton and Cargill who have made offers that will be analyzed on Monday by the creditor banks and the other lender, the CCC (Conseil Café Caca, ed),” said the agency a source of CCC. Singapore’s Wilmar and French Touton have made bids for the group’s coffee and cocoa grinding units, including Choco Ivoire. The American Cargill has set…

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The Ivorian banker Martin Essoh Djedjes, former boss of BIAO (now NSIA Banque), continues his career in agribusiness where he created ITPA (Ivorian agricultural products processing), an integrated agro-industrial complex with palm plantations. oil. The company will create its first industrial palm oil production unit, a turnkey project whose implementation has been entrusted to CIOA, a French engineering firm. Expected in Taabo, in the south of the country (about 200 km north of Abidjan), the oil mill will have a production capacity of 15,000 tonnes of oil per year from ITPA’s own plantations and also from planters in the area.…

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Côte d’Ivoire is expected to raise the minimum cocoa purchase price for the new campaign that opens early next week. Sources close to the industry have told Bloomberg that the new price should oscillate between 750 and 800 CFA per kilogram, around 1.2 euros. This trend, in comparison with the 700 CFA francs fixed during the campaign which is ending, is explained by a slight improvement of prices on the world market. But we are still far from the 1,100 CFA francs set during the 2016-2017 campaign, when prices had reached record levels before collapsing at the end of 2016.…

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The Ivorian government announced on September 26 that the 2019 budget is forecast at CFAF 7,334.3 billion (€ 11.18 billion), an increase of 8.6% over that of 2018. The budget, which increases by CFAF 578.1 billion, aims to “accelerate the achievement of Côte d’Ivoire’s emerging objectives”. It will strengthen the actions of the government for “the structural transformation of the economy” and “the improvement of the living conditions of the people,” said Minister Sidi Tiémoko Toure at the end of the Council of Ministers of this Wednesday. Social actions will include access to drinking water, electricity, sanitation, employment and the…

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As part of a mission to raise awareness of the African diaspora regional market instruments, the BRVM met this Friday, September 21, 2018 in Harlem Senegalese diaspora living in the United States. It is the Association of Senegalese Americans (ASA), created since 1988 and has more than 7,000 members, and the association of nationals and supporters of Casamance in the United States. “This awareness-raising campaign is of paramount importance to the BRVM when we know what represents the flow of remittances from the diaspora to African countries,” said Edoh Kossi AMENOUNVE, Managing Director of the BRVM. “For example, in 2017,…

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