Côte d'Ivoire Financial Services

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Chapter | Banking from The Report: Cote d’Ivoire 2019

The banking sector has played a key role in financing reconstruction in Côte d’Ivoire since the end of the decade-long political and military crisis in 2011. With headline economic growth expected to hover around a robust 7% per annum over the next five years, Côte d’Ivoire’s banking sector is likely to remain attractive, with more banks attempting to penetrate the market. However, the...

Côte d’Ivoire has returned to economic growth after stabilising its political situation in 2011. The economy has grown at a rate of 9% per year since 2011, in part due to the emergence of its burgeoning industrial sector. As one of the fastest-growing African economies, with an annual GDP growth rate forecast at 7-7.5% in 2019, Côte d’Ivoire is now promoting sustainable and inclusive growth.

Le gouvernement ivoirien, soucieux de donner aux entrepreneurs du pays davantage d’opportunités de croissance, vient de signer un accord portant sur la création d’une ligne de crédit expressément destinée aux petites et moyennes entreprises (PME).

La Côte d’Ivoire a accueilli sa première banque digitale en mars 2018, élargissant l’accès aux services bancaires pour la population non bancarisée et soulignant la nécessité pour les banques traditionnelles de s’adapter et d’innover face à une concurrence accrue, en particulier en provenance du segment du transfert d’argent mobile.

 

How can the authorities ensure the sustainable development of the insurance sector?

 

Regulators have faced challenges ensuring that all sector players are financially sound, as insurance markets across the Inter-African Conference of Insurance Markets (Conférence Inter-africaine des Marchés d’ Assurances, CIMA) have seen an influx of new competitors. To provide continuous high-quality services to their clients and to avoid...

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