Courtesy of The Africa Report, a look at Africa’s biggest wine importing nation: In 2023, Côte d’Ivoire imported the equivalent of $64m worth of wine. The rise of the middle class, paired with changing consumer habits, has made the country the continent’s leading importer. Côte d’Ivoire is Africa’s leading importer of wine, a fact confirmed […]
Read more »Via Bloomberg, a look at JPMorgan’s growing interest in Africa: US lender hires ex-central banker to run business in Kenya Ex-central banker Montet managed Kenya’s foreign reserves JPMorgan Chase & Co. opened representative offices in Kenya and Ivory Coast as part of an effort expand in east and west Africa. The biggest US bank has […]
Read more »Via The Africa Report, a look at AngloGold Ashanti’s ambitions in Côte d’Ivoire: South Africa’s AngloGold Ashanti is preparing to gain a foothold in Egypt and Côte d’Ivoire after signing a $2.5bn deal with Centamin. Consolidation in the global gold mining sector continues apace. After Randgold’s acquisition of Barrick Gold in 2019, Endeavour Mining’s acquisition of Semafo and Teranga Gold between […]
Read more »Via Terra Daily, an article on Cote d’Ivoire’s economic shift towards natural resources: The discovery of huge deposits of natural resources including oil, gas and gold in the Ivory Coast is pushing the country’s economy in a new direction as it explores its underground potential.Over the last three years, the West African country — traditionally […]
Read more »Courtesy of The Africa Report, a report on the rollercoaster ride of foreign investment in the Sahel states: Over the last three years, the member states of the newly christened Confederation of Sahel States have been hit by a fall in foreign investment, particularly Burkina Faso. In its World Investment Report 2024, the United Nations […]
Read more »Via Bloomberg, a report on Eni’s plans to sell part of its Ivory Coast stake: Italian energy firm could sell up to 30% holding in operations Eni made biggest ever hydrocarbon discovery in Ivory Coast Eni SpA is planning to sell a stake in its Ivory Coast exploration operations in a potential deal that could be […]
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