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Ivory Business


Bussines in Ivory Coast


Economy

In 2008, and for the first time since 2002, Côte d'Ivoire's economy passed the 2 per cent growth threshold. Gross domestic product (GDP) rose by 2.3 per cent, compared to 1.5 per cent in 2007, driven by the construction, telecommunications and oil sectors. The primary sector remains crucial, at 28.1 per cent of GDP.

The primary sector continues to dominate and accounted for 28.1 per cent of GDP in 2008, compared to 27.2 per cent in 2007. Most income in this sector is generated by cash crops such as cocoa, coffee, rubber and palm oil. Cotton production, on the other hand, is on the decline, supplanted by cashew nuts in the north. Growth in the agricultural sector continued in 2008 (reaching 3.2 per cent, after 0.1 per cent growth in 2007), despite drops in the production volume of some goods1. This notable growth was driven above all by the increase in international prices of commercial goods, including cocoa, which rose by approximately 18 per cent in 2008. Additionally, abundant rainfall helped increase production volumes of some crops, including cashew nuts (19.8 per cent), cottonseed (8.6 per cent), cocoa (6.1 per cent) and rubber (6.1 per cent). Coffee and cocoa remain the twin drivers of Côte d'Ivoire's economy. Côte d'Ivoire is the world's largest cocoa producer and Africa's largest coffee producer. After a 4.9 per cent decrease in 2007, coffee bean production rose from 1.3 million tonnes in 2007 to 1.38 million tonnes in 2008. Coffee production followed the opposite trend, due to poor maintenance of plantations; production dropped from 170 800 tonnes in 2007 to 80 000 tonnes in 2008. The socio-political crisis contributed to international increases in the prices of these two products from 2002 to 2008.

As for external demand, exports grew by 1.5 per cent in 2008, despite the drop in oil production, which was offset by the strong performance of traditional cash crops. In 2009 and 2010, growth in exports should register at 2 per cent and 3.8 per cent respectively, driven by solid performance from the country's main products (crude oil, cocoa, coffee, cotton, rubber and cashew nuts). Growth in imports, meanwhile, slowed to 3.3 per cent in 2008, from 4.1 per cent in 2007. This trend is expected to continue, with imports estimated to increase by 2.4 and 6.4 per cent in 2009 and 2010 respectively.

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Political in Ivory Coast

Politic in Ivory Coast


In 2008, the political climate in Côte d'Ivoire continued to calm down, thanks to progress made in implementation of the APO, signed on 4 March 2007. By virtue of this agreement, a new national reconciliation government was established in March 2007, and a post-crisis programme established in July 2007, to translate the agreement's substance into operational terms. With regard to the electoral process, Côte d'Ivoire's political parties signed a "code of good conduct" in April 2008, in advance of the presidential election campaign. Authentication of the electoral roll of 2000 drew to a close in April 2008 and the campaign to register citizens on this list started in September 2008. At end-December 2008, approximately 3 million individuals had been registered, including 1.9 million in Abidjan. At end-December 2008, voter registration in Abidjan was at 95 per cent, compared to the national rate of 33.8 per cent. Regarding the presidential election, the two supplementary agreements to the APO, signed on 27 November 2007, called for the election to take place in June 2008. Due to delays in updating voter rolls, however, the elections were postponed once again (for the third time) to 2009. Following this most recent postponement, a fourth supplementary agreement was signed on 22 December 2008 to resolve the most recent issues causing the delay. A smooth rollout of the electoral process should build peace and bolster the security climate in the country, two pre-requisites to sustainable economic growth.


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Usefull Information Ivory Coast

Top Hotels

  • Novotel Abidjan
  • Sofitel Abidjan
  • Hotel Ivoire Intercontinental

Top restaurants

  • Restaurant des Combattants
  • Patisserie Pako Gourmand
  • Nuit de Saigon

Place to visit

  • Treichville
  • The Plateaut
  • National Museum of Abidjan

Internet Access

  • The most popular satellite service in Cote d Ivoire is a SkyOne-IP broadband two-way satellite internet transfer (VSAT system) broadband two-way internet satellite service transfer system (VSAT), which provides quality access to the internet in even the deeper accessible areas. It not only provides a satellite internet access connection but also a wide range of additional services. It is an ideal solution, if you want to start personal communication or local network in your new site (mining, agriculture, timber, etc…) . Globaltt (GT&T sa)

Not to miss to see

  • National Museum of Abidjan
  • The Plateaut
Ivory Coast Usefull information comments

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Dispite all these thing going on in my country. But if you come to Ivory Coast abidjan is rocking.
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