Côte d’Ivoire: SERV country expert Salome Wittwer summarises
According to IMF forecasts, West Africa’s largest economy, Côte d’Ivoire, is set to grow by an impressive 6.5 per cent in 2024. Key sectors include oil and gas extraction, gold mining and agriculture. Economic diversification is one of the government’s main priorities.
Positive development of the business environment
The government is investing heavily in infrastructure and working to create an attractive investment environment. With the support of the IMF, Côte d’Ivoire is making good progress towards stable fiscal policies and sustainable debt levels. The successful Eurobond issue and the Moody’s upgrade to Ba2 at the start of 2024 underscore the country’s positive financial and economic development.
Membership in the West African Economic and Monetary Union supports macroeconomic stability and reduces currency risk. Together with low inflation rates, this makes the business environment relatively favourable. Nevertheless, challenges still exist in the form of corruption and sociopolitical tensions.
Significant potential for Swiss exporters
“Despite these challenges, Côte d’Ivoire offers major opportunities in sectors such as infrastructure, healthcare and education, as well as water distribution and treatment. In Côte d’Ivoire, Swiss companies will find a dynamic market with vast potential,” says SERV country expert Salome Wittwer. With its tailored solutions for export risk insurance and financing, SERV is on hand to facilitate smooth market entry into Côte d’Ivoire.
