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Côte d’Ivoire is an economic powerhouse in West Africa, posting average growth of 8% between 2011 and 2018. However, the rate of GDP growth in real terms fell to 6.7% in 2019 and is expected to contract to 2.7% in 2020 due to the Covid-19 pandemic and subsequent widespread shutdowns. Looking to the future, the IMF expects growth to rebound to 8.7% in 2021, highlighting the country’s economic resilience.
Economic zones in Africa have had a significant impact on trade volumes across the continent, as well as on job creation and foreign direct investment inflows.
The African PE industry has become increasingly complex and diverse, with the arrival of global institutional investors in recent years paving the way for some of the world’s largest firms to enter the market. Between 2014 and 2019 the total value of the 1053 PE deals reported in Africa reached $25.4bn. While deal volumes have maintained an upward trend, their value has gradually eased, suggesting growing investor interest but smaller deal sizes. Moreover, in addition to consumer-driven industries, PE fund managers have diversified their strategies to invest across a variety of sectors such as IT, renewable energy, infrastructure and real estate.
ETIQUETTE: Business etiquette in Côte d’Ivoire is similar to that in France. A handshake is appropriate for both men and women when first meeting someone new. When a woman meets someone for the second time, three kisses on the cheek are an appropriate greeting. Before discussing business, it is polite to break the ice by discussing...
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Côte d’Ivoire is turning to technology to ensure the ongoing education of and health care provision to its citizens amid the Covid-19 pandemic. After recording its first confirmed case of the virus in March 2020, the country is looking towards innovative solutions as people are staying home to stop the spread of the virus.
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