GCC and Middle East Banks
Fitch Ratings maintain a stable outlook for GCC/Middle East banks.
imported 2024-03-17 17:43:07
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%.
Agriculture is the backbone of Côte d’Ivoire’s economy. It employs 68% of the labor force, and accounts for 28% of GDP. While the prosperity of the companies and individuals in this sector is variable, depending on market conditions and, to a lesser extent, climatic conditions (amount of rainfall, etc.), it is the most solid factor in the economy.
Côte d’Ivoire is a country with great potential. We were ahead of everyone between 1960 and 1985—Singapore, South Korea, Morocco, Tunisia—because this country was well-managed, with a clear vision and a development process that was sustained for years.Then we went into instability and experienced backwards development, but we’re still a developing country.
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.
For the people of Côte d’Ivoire, the present and future began on April 11, 2011, with the arrest of the president-who-would-not-leave, Laurent Gbagbo, for that signaled the effective end of the civil war.
Côte d’Ivoire Top Stories
Recent Contemporary History
While Côte d’Ivoire has a long and proud history, it is the events of the most recent two decades that cast the longest shadow over its future.