Cote d’Ivoire

Cote d’Ivoire

African Development Bank starts move to Cote d’Ivoire in 2013

Africa’s top lending institution the African Development Bank (AfDB) has announced that it will start moving its headquarters and 1,500 employees from Tunisia to Ivory ...

Cote d’Ivoire

Cauris private equity books into West Africa hotel growth

A West Africa private equity fund, Fonds Cauris Croissance II, says it will invest 4 billion FCFA (XOF, equivalent to $8 million) in Azalaï Hotels ...

Capital raising

Rise of pension giants set to transform investment in Africa

New giants are arising in African investments – the domestic pension funds. Several countries have funds worth billions of US dollars and in many they ...

Cote d’Ivoire

World Bank says 4.8% growth for sub-Saharan Africa in 2012, cuts earlier forecast

The World Bank has cut its growth forecast for sub-Saharan Africa. Earlier in the year it forecast 5.2% growth overall for SSA economies in 2012, ...

Cote d’Ivoire

IFC invests in Côte d’Ivoire’s mining through Sama Resources

The International Finance Corporation (IFC), a member of the World Bank Group, on 20 Dec agreed to invest CAD1,250,000 in nickel and copper exploration through ...

Capital raising

Bigger role for African Development Bank, considering move back to Cote d’Ivoire

The African Development Bank is playing its role in Africa with skill and is getting more backing from its principal shareholders because of its successes ...

Cote d’Ivoire

BRVM bourse comes home from 16 May

West Africa’s Bourse Regionale des Valeurs Mobilieres BRVM regional stock exchange is to move trading operations back to Cote d'Ivoire next Monday (16 May), after ...

Cote d’Ivoire

Bonds soar, cocoa prices fall as CI rebels advance fast

Rebels in Cote d'Ivoire made rapid advances towards Abidjan yesterday (30 March), where fighting could be fierce. Prices rallied yesterday on the €2.3 Eurobond and ...

Cote d’Ivoire

Rebel advances in CI boost Eurobond prices

Rebel advances in Cote d’Ivoire are boosting the price of the country’s €2.3 bn Eurobond, which are in default since 1 Feb, in London trading. ...

Cote d’Ivoire

BRVM flees war and restarts trading from Mali

West Africa’s regional stock market the Bourse Regionale des Valeurs Mobilieres (BRVM) has started trading from a new base in Bamako, Mali, after leaving Cote ...

Cote d’Ivoire

Cote d’Ivoire defaults on $2.3bn Eurobonds

Cote d’Ivoire has formally reneged on $2.3 billion of Eurobonds, becoming the first nation to default since Jamaica in January 2010. The default comes after ...

Cote d’Ivoire

Bad news on Cote d’Ivoire blockade again hurts bond prices

This afternoon (5 Jan) the yield on the Cote d’Ivoire US dollar-denominated sovereign bonds climbed back up 60 basis points to 15.68%, according to Bloomberg, ...

Cote d’Ivoire

Yields climbing on Cote d’Ivoire international $2.3 bn bond

Markets are nervous about the Cote d’Ivoire bond, worried that the country may not meet a payment deadline. Reuters reports today (27 December): “Ivory Coast's ...

Cote d’Ivoire

Institutions react to Cote d’Ivoire crisis

Markets are reacting quickly to the news that Laurent Gbagbo was sworn in as president of Cote d’Ivoire on Saturday (4 Dec). The World Bank ...

Capital raising

Investors back $ billions of African bonds

Interest in African sovereign debt has been climbing again in recent months. Angola plans to issue a $1 billion - $2 billion benchmark bond., Kenya, ...