Our Focus
Our engagement aims exclusively at promoting economic relations between Germany and target countries in Africa.
1. Zielland: Elfenbeinküste
Ivory Coast has the most dynamic economy in Africa. The country has recorded annual growth in the order of around 8% since 2012 (7.9% in 2016, 7.8% expected in 2017). These performances are based on structural factors, such as political and monetary stability (membership of the franc zone), diversification of the economy and improvement in the business climate. The Ivorian economy has also benefited from a favourable external environment: the increase in cocoa prices until August 2016, combined with the falling oil price and a depreciation of the CFA franc against the dollar. This led to a 30% improvement in terms of trade.
Debt relief through the HIPC (Heavily Indebted Poor Countries) initiative also gave Ivory Coast the financial scope for a public investment programme thanks to the support of regional and international financial markets.
The Ivorian economy is diversified. The agricultural sector reached 28% of GDP, thus Ivory Coast retains its place as the largest cocoa producer in the world (more than 35% market share). The secondary sector (25% of GDP) mainly includes oil refineries, energy, food processing and construction. The tertiary sector (47% of GDP) is dominated by telecommunications, transport (port and air), distribution and financial activities. The recovery is supported by public (transport, energy, health, education) and private investment (mining, agriculture, energy and housing construction), as well as household consumption.
Projects in Ivory Coast
Under construction...