Doing Business in Ivory Coast
EENI - Business School.
Subject (Course): International Trade and Business in Ivory Coast. Port of Abidjan
- Introduction to the Republic of Ivory Coast (Côte d'Ivoire - West Africa).
- Doing Business in Abidjan and Yamoussoukro.
- Ivorian Economy.
- International Trade of Ivory Coast
- Port of Abidjan
- Business and Investment Opportunities in Ivory Coast
- Construction, public works and infrastructures
- Investment Promotion Centre of Ivory Coast (CEPICI)
- Case Study: Prosuma Group
- Introduction to French
- Access to the Ivorian Market
- Business Plan for Ivory Coast
Objectives of the subject “Doing Business in the Republic of Ivory Coast”:
- To analyse the Ivorian economy and foreign trade
- To evaluate business opportunities in the Republic of Ivory Coast
- To explore Ivory Coast's trade relations with the student's country
- To know Ivory Coast's Free Trade Agreements (FTAs)
- To examine the profile of Ivorian Companies
- To develop a business plan for the Ivorian Market
Sample of the subject (Doing Business in Ivory Coast):
Subject Description: Foreign Trade and Business in Ivory Coast.
The Republic of Côte d'Ivoire (Ivory Coast):
Ivory Coast: the first world producer of cocoa, an African Frontier Market and the headquarters of the African Development Bank
- Capital: Yamoussoukro
centre and largest city: Abidjan (12 million)
- Population: 24 million (15 million in 1998)
- Ivorian official language: French.
- Local languages: Senufo, Baoule, Diola, and Dan
- Independence of Ivory Coast: 1960 (from France)
- Two recent civil wars: 2002-07 and 2010-11
- Ivorian borders: Burkina Faso, Mali, Guinea, Liberia, and Ghana
- Currency: West African CFA Franc
The main religions in Ivory Coast:
- Christianity (32%) Catholicism: (6 million) Protestants (Methodists: 1.3 million)
- Islam (38% of the population, 7 million)
Ivory Coast belongs to the West African Economic Area of the African Civilisation.
- Christophe Wondji (Ivorian
- Historian Ahmadou Hampaté Bá
died in Abidjan
Logistics: Dakar-Lagos Corridor
- The main resources of Ivory Coast (Africa)
are cocoa (first world producer), yams (second biggest producer), coffee (tenth biggest producer), bananas, palm oil, cotton, wood, Petrol, gas, diamonds, gold, nickel, and tourism.
- The South of Ivory Coast focuses 85% of economic activity.
- Ivory Coast is a frontier market in Africa.
- Ivory Coast medium-term economic and social Outlook mostly depends on
peace being restored and emergency reconstruction programs being implemented.
- Very humid tropical climate for crops especially in low Coast.
- Agriculture diverse enough (food, cash crops, and industrial crops).
Ivorian main productions
- Cocoa. 1,367,200 tonnes/year. The first world producer
- Coffee. 117,000 tonnes/year
- Cola. 50 000 to 75 000 tonnes/year. The first in the World
- Palm oil. 284,500 tonnes/year
- Hevea. 130,000 tonnes/year
- Cotton seed: 221,700 tonnes/year
- Sugar: 152,900 tonnes/year
- Rubber: 179,000 tonnes/year
- Cashew: 230,000 tonnes/year
Ivorian industry contributes 20% to gross domestic product and accounts for 40% of the West African Economic and Monetary Union countries. 50% of companies have a turnover less than 1 billion FCFA.
- Best recent performance: Chemicals, water, electricity, mineral extractions, and various industries
- Industries affected by the crisis: construction, agribusiness, textiles, and wood.
- Industries in trouble because of this crisis (supplies difficult, factories destroyed or closed).
- Production of food industries accounts for 25% of the gross domestic product in the secondary sector.
Cote d'Ivoire Telecom (the national telecommunications operator) is a
limited company with a capital of 15 billion CFA francs. It was in February 1997
when the Ivorian Government, after an international tender, as part of its privatisation programme, France Cables and Radio (a subsidiary of France Telecom) as a strategic partner and majority (51 %).
Centre for Publishing and Distribution in Africa. The centre has been
initially a mixed economy company founded in 1961 by French publishers, and the State of Ivory Coast. Capital, originally of 2 million CFA francs (40,000 USD at the time) was gradually
augmented and now 461 million CFA francs. The State detained initially
25% and then in 1974 51%, and 1982 60% of the capital stock of this company.
However, since 1991 the centre was privatised, but the State of Ivory Coast has nonetheless held a store because of the specific mission entrusted to the company.
International Trade of Ivory Coast.
- Notwithstanding the socio-political crisis of the last decade, economic partnerships of Ivory Coast with
emerging countries have markedly augmented, particularly those with the Asian Countries, including, the People's Republic of China, South Korea, India, Singapore, Thailand, Brunei Darussalam, Indonesia, and Malaysia.
- Asia is third largest trade partner (12.5%) of Ivory Coast, after Europe (44%) and Africa (29%). China, which is Ivory Coast leading Asian partner, still
represents a modest share (3.2%) of the economy compared with its wider efficiency in Africa.
Trade Agreements and preferential access of Ivory Coast.
- Economic Community of West African States (ECOWAS)
- West African Economic and Monetary Union (UEMOA) - US Trade Agreement
- Community of Sahel-Saharan States (CEN-SAD)
- Mano River Union
- Cotonou Agreement - European Union
- European Union-Ivory Coast Free Trade Agreement (FTA)
- African Growth and Opportunity Act (AGOA)
Ivory Coast is a member of:
- Niger Basin Authority
- African Development Bank (In 2014, the African Development Bank returns to Abidjan)
- Economic Commission for Africa (ECA)
- Organisation for the Harmonisation of Business Law in Africa (OHADA)
- New Partnership for Africa's Development (NEPAD)
- Generalised System of Preferences (GSP)
- Forum Africa-India - Free Trade Agreement (FTA) with India
- Forum on Cooperation Sino-
- African Union (AU) - Convention Combating Corruption
- Africa-South America Summit (ASA)
- Organisation of Islamic Cooperation (OIC)
- Afro-Arab cooperation - Arab Bank for Economic Development in Africa (BADEA)
- Islamic Development Bank