Data Shows A Private Sector Ripe For Growth In Cote d'Ivoire: What Are The Driving Forces?

Cote d'Ivoire's investment promotion body, Centre de promotion des investissements en Côte d'Ivoire (CEPICI), has released figures showing that over 5,700 enterprises were created up to the end of Q3 2016. This equates to 19% growth compared to the same period in 2015¹. These are just the latest in a number of recently released figures that show Cote d'Ivoire to be the current destination of choice in Sub-Saharan Africa, particularly among francophone African countries.

• CEPICI's growth figures aren't so surprising seeing as Cote d'Ivoire was shown by an IMF report to have the strongest growth projections for 2016-17 in Sub-Saharan Africa². Growth for the period is expected to be 8% as compared to the regional mean of 4.5%³. The report states that some reasons for the positive outlook include the country's relative sheltering from falls in global commodity prices, especially compared to oil exporting countries. The stability of the CFA franc due to its pegging