GCC and Middle East Banks
Fitch Ratings maintain a stable outlook for GCC/Middle East banks.
imported 2024-03-17 17:43:06
Fitch Ratings maintain a stable outlook for GCC/Middle East banks.
Côte d’Ivoire was one of the first countries in Sub-Saharan Africa to gain full internet connectivity. Orange owns an 85% interest in Orange Côte d’Ivoire, which began operating its network in 1996 under the Ivoiris brand, and a 45% interest in Côte d’Ivoire Telecom (CIT), Ivory Coast’s incumbent telecommunications operator, which supplies fixed-line telephone services as well as broadband and wholesale services.
Created in 1998, the CNRA has been Côte d’Ivoire’s primary agricultural R&D agency, accounting for two-thirds of the total research capacity and over three-quarters of its agricultural R&D investments.
The new government of Alassane Ouatarra has established a new approach to agriculture in Côte d’Ivoire called the National Agriculture Investment Program (NAIP). Its goals, according to Mamadou Sangafowa Coulibaly, Côte d’Ivoire’s Minister of Agriculture, are to achieve national food sufficiency, and to increase the agricultural industry’s growth to 8.9%.
The country was in a crisis for more than ten years; companies were losing jobs and poverty was rising.
Although the violence of the five-month civil war is over, and the parliamentary elections proceeded relatively peacefully, there is still fear in the country.
Souleymane DIARRASSOUBA, President of APBEF-CI talks about the current situation in the banking sector in Côte d’Ivoire.
The banking market in Côte d’Ivoire is completely different from the European markets. For example, the banking services penetration rate in Côte d’Ivoire is around 8%, which is considerably less than the 100% penetrating rate in Europe.
BIAO is an Ivoirian bank that belongs to NSIA group, an African financial group operating in many countries.
MTN Côte d’Ivoire is a local mobile phone operator. The South African group MTN bought the local mobile operator Telesales in 2005 and transformed it into what MTN Côte d’Ivoire is today.