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You are here: Home / Archives for Economy

Fashion Forward: Sustainable Fashion Brands

January 27, 2024 by admin Leave a Comment

Discover eco-friendly fashion brands committed to reducing environmental impact.

A wonderful tranquility has taken proprietorship of my entirety soul, like these sweet mornings of spring which I appreciate with my aggregate heart.

I am so playful, my costly companion, so ingested inside the astonishing sense of immaterial quiet nearness, that I neglect my blessings.

I am alone, and feel the charm of nearness in this spot, which was made for the euphoria of souls like mine. I am so cheerful, my expensive companion, so held inside the astonishing sense of insignificant quiet nearness, that I ignore my endowments.

I got to be unfit of drawing a single stroke at the appear miniature; and in any case I feel that I never was a more noticeable skilled worker than by and by.

When, while the dazzling valley proliferates with vapor around me, and the meridian sun strikes the upper surface of the invulnerable foliage of my trees, and but a few stray shimmers take into the internal safe house, I hurl myself down among the tall grass by the spilling stream; and, as I lie close to the soil, a thousand cloud plants are taken note by me: when I tune in the buzz of the little world among the stalks, and create commonplace with the inestimable extraordinary shapes of the frightening crawlies and flies, at that point I feel the closeness of the All-powerful, who formed us in his claim picture, and the breath of that all comprehensive cherish which bears and keeps up us, since it floats around us in an until the end of time of elation; and after, that my companion, when lack of clarity overspreads my eyes, and heaven and soil show up to stay in my soul and acclimatize its control, similar to the shape of a cherished favor lady, at that point I routinely think with longing, Goodness, would I might portray these conceptions, may rouse upon paper all that’s living so full and warm interior me, that it can be the reflect of my soul, as my soul is the reflect of the endless God!

O my companion — but it is as well much for my quality — I sink underneath the weight of the quality of these dreams! A eminent quietness has taken possession of my entire soul, like these sweet mornings of spring which I appreciate with my aggregate heart. I am alone, and feel the charm of nearness in this spot, which was made for the delight of souls like mine.

I am so cheerful, my costly companion, so retained inside the astonishing sense of basic tranquil nearness, that I ignore my capacities. I got to be unfit of drawing a single stroke at the appear miniature; and in any case I feel that I never was a more unmistakable skilled worker than directly. When, though the wonderful valley proliferates with vapor around me, and the meridian sun strikes the upper surface of the impenetrable foliage of my trees, and but numerous stray glints take into the internal refuge, I hurlmyself down among the tall grass by the gushing stream;and, as I lie close to the soil, a thousand cloud plants are taken note by me: when I tune in the buzz of the little world among the stalks, and create recognizable with the inestimable unbelievable shapes of the frightening crawlies.

Filed Under: Economy Tagged With: Eco-friendly, Ethical Fashion, Fashion, Sustainability

Tidjane Thiam: The Rise and Fall of a Banking Visionary

December 8, 2023 by admin Leave a Comment

Tidjane Thiam’s resignation from Credit Suisse after leading the bank to record results has sparked widespread interest and debate. His atypical background and controversial tenure have made him a prominent figure in the financial world. Let’s delve into the intriguing story of Tidjane Thiam and the events that led to his departure from Credit Suisse.

The Record Results and Scandalous Departure

After Tidjane Thiam’s five-year tenure, Credit Suisse achieved record results under his leadership. However, amidst this success, Thiam’s resignation was marred by a high-profile espionage scandal, creating a dramatic backdrop for his departure. This juxtaposition of achievement and controversy has ignited intense speculation and analysis.

The Restructuring and Turbulent Start

Thiam led Credit Suisse through a significant restructuring in 2018, marking a pivotal moment in the bank’s trajectory. The turbulence of his early months in office, evidenced by the halving of the bank’s shares, posed formidable challenges that Thiam navigated with strategic acumen and resilience.

Thiam’s Atypical Profile and Prestigious Education

Tidjane Thiam’s background as the son of a Senegalese minister and nephew of the Ivorian president, combined with his education at prestigious institutions such as the School of Mines and INSEE, shaped his unique perspective and approach to leadership. His unconventional journey to the pinnacle of the banking world is a captivating narrative of determination and distinction.

A Career Marked by Success and Controversy

From serving as minister of planning and development in the Ivory Coast to achieving prominence in the insurance and banking sectors, Thiam’s career has been defined by notable successes and contentious moments. His ascent to the helm of Credit Suisse was preceded by a series of strategic career moves, further enriching the tapestry of his professional trajectory.

Banker of the Year and Espionage Controversy

While Tidjane Thiam was acknowledged as banker of the year, his tenure at Credit Suisse was marred by the shadow of an espionage scandal. The dramatic unfolding of events, including internal upheaval and investigative clearance, added layers of complexity to Thiam’s legacy, fueling widespread interest and speculation.

Speculation and Political Ambitions

The aftermath of Thiam’s resignation has sparked discussions about his possible return to politics and speculation regarding his candidacy in the upcoming presidential election in Ivory Coast. With hints of support groups forming and the enigmatic veil shrouding his plans, Thiam’s potential political trajectory is a subject of intense intrigue and anticipation.

Conclusion:

Tidjane Thiam’s journey at Credit Suisse embodies a confluence of triumphs, controversies, and enigma. His departure amid record results and a high-profile scandal has etched his name in the annals of banking history. The multifaceted nature of his legacy continues to captivate the financial world, leaving a lasting imprint on the industry.

We also recommend: Tidjane Thiam: A Career of Triumphs and Scandals

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Filed Under: Business, Economy, Finance Tagged With: Tidjane Thiam

Ivory Coast Embracing Green Economy: A Sustainable Future

December 7, 2023 by admin Leave a Comment

The Minister of Economy, Planning, and Sustainable Development addressed the Economic, Social, Environmental, and Cultural Council on the theme of green economy as an alternative for a more resilient Ivory Coast. This approach is in line with the country’s commitment to responsible economic development and reduced carbon footprint, ensuring a viable planet for present and future generations.

Ivory Coast’s Metro Project and Healthcare Reforms: A Leap into the Future

The Ivory Coast government, under the leadership of President Alassane Ouattara, has been actively working on revitalizing the nation’s infrastructure and healthcare system. A key highlight is the relaunch of the Abidjan Metro Line 1 project, which had experienced delays. This ambitious project, spanning 37 kilometers and serving seven districts, is expected to facilitate the daily commute of approximately 500,000 passengers. The government’s decision to close over 1,000 private healthcare facilities lacking proper administrative documents further underscores its commitment to regulating and improving healthcare standards.

Legislative Reforms: Enhancing Professional Standards

In a move to align with current demands, the National Assembly has adopted a new law reforming the Order of Dental Surgeons. This reform aims to elevate professional standards and practices in dentistry, reflecting the government’s dedication to healthcare excellence.

World Bank Commends Ivory Coast’s Climate Change Efforts

The World Bank has recognized the Ivory Coast’s endeavors in combating climate change. Detailed in a report, these efforts have garnered international attention, with the financial institution expressing readiness to support the country in fund mobilization. This acknowledgment came during the COP 28 event in the United Arab Emirates, highlighting Ivory Coast’s role as a leader in environmental sustainability.

Infrastructure Development: Building a Resilient Economy

The Council of Ministers presided over by President Ouattara, has reviewed several infrastructure projects, including the Integration Road in the mountainous west region. This project aims to bolster socio-economic infrastructure, facilitating access to various localities and stimulating economic activities, especially in agriculture and mining. The government’s initiative to construct three wholesale markets in Abidjan, Abengourou, and Daloa demonstrates its commitment to reducing the commercialization costs of agricultural products and increasing rural incomes.

Celebrating Achievements: Ivory Coast’s Champions in Dodgeball

On a lighter yet equally significant note, Prime Minister Robert Bambe received the Ivorian team, the African champions in dodgeball. Their victory against Morocco, the host country, is a testament to the nation’s sporting prowess and youth potential. This achievement not only brings pride to the country but also inspires other disciplines to strive for excellence.

A Nation on the Move

The Ivory Coast’s journey is marked by resilience, innovation, and a commitment to sustainable development. From infrastructure projects to environmental initiatives and healthcare reforms, the nation is steadily paving its way toward a brighter, more prosperous future. As the government continues to implement these transformative projects, the Ivory Coast stands as a beacon of progress and hope in West Africa.

We also recommend reading: World Bank Commends Ivory Coast’s Climate Change Efforts

Filed Under: Economy

World Bank Commends Ivory Coast’s Climate Change Efforts

December 7, 2023 by admin Leave a Comment

The World Bank has recognized the Ivory Coast’s endeavors in combating climate change. Detailed in a report, these efforts have garnered international attention, with the financial institution expressing readiness to support the country in fund mobilization. This acknowledgment came during the COP 28 event in the United Arab Emirates, highlighting Ivory Coast’s role as a leader in environmental sustainability.

Ivory Coast’s Metro Project and Healthcare Reforms: A Leap into the Future

The Ivory Coast government, under the leadership of President Alassane Ouattara, has been actively working on revitalizing the nation’s infrastructure and healthcare system. A key highlight is the relaunch of the Abidjan Metro Line 1 project, which had experienced delays. This ambitious project, spanning 37 kilometers and serving seven districts, is expected to facilitate the daily commute of approximately 500,000 passengers. The government’s decision to close over 1,000 private healthcare facilities lacking proper administrative documents further underscores its commitment to regulating and improving healthcare standards.

Legislative Reforms: Enhancing Professional Standards

In a move to align with current demands, the National Assembly has adopted a new law reforming the Order of Dental Surgeons. This reform aims to elevate professional standards and practices in dentistry, reflecting the government’s dedication to healthcare excellence.

Infrastructure Development: Building a Resilient Economy

The Council of Ministers presided over by President Ouattara, has reviewed several infrastructure projects, including the Integration Road in the mountainous west region. This project aims to bolster socio-economic infrastructure, facilitating access to various localities and stimulating economic activities, especially in agriculture and mining. The government’s initiative to construct three wholesale markets in Abidjan, Abengourou, and Daloa demonstrates its commitment to reducing the commercialization costs of agricultural products and increasing rural incomes.

Embracing Green Economy: A Sustainable Future

The Minister of Economy, Planning, and Sustainable Development addressed the Economic, Social, Environmental, and Cultural Council on the theme of green economy as an alternative for a more resilient Ivory Coast. This approach is in line with the country’s commitment to responsible economic development and reduced carbon footprint, ensuring a viable planet for present and future generations.

Celebrating Achievements: Ivory Coast’s Champions in Dodgeball

On a lighter yet equally significant note, Prime Minister Robert Bambe received the Ivorian team, the African champions in dodgeball. Their victory against Morocco, the host country, is a testament to the nation’s sporting prowess and youth potential. This achievement not only brings pride to the country but also inspires other disciplines to strive for excellence.

A Nation on the Move

The Ivory Coast’s journey is marked by resilience, innovation, and a commitment to sustainable development. From infrastructure projects to environmental initiatives and healthcare reforms, the nation is steadily paving its way toward a brighter, more prosperous future. As the government continues to implement these transformative projects, the Ivory Coast stands as a beacon of progress and hope in West Africa.

We also recommend: Ivory Coast News Today: Shocking Developments You Can’t Miss

Filed Under: Economy, Politics

70% of the world’s digital payments taking place in Africa

October 14, 2023 by admin Leave a Comment

Akinwumi Adesina, head of the African Development Bank, told UK media on Friday that  Africa is witnessing a “revolution” of financial services, mobile money, and cell phone users, with 70 percent of the world’s digital payments taking place in Africa.

We also recommend: World Bank Commends Ivory Coast’s Climate Change Efforts

Filed Under: Economy

Spain Ambassador Rafael Soriano elected president of the International Cocoa Council (ICCO)

October 7, 2023 by admin Leave a Comment

The ambassador of Spain to Côte d’Ivoire, Rafael Soriano, was elected on Friday, October 6, 2023, in Abidjan as the president of the International Cocoa Council, a supreme body of the International Cocoa Organization (ICCO) at the end of its 108th session. He replaces Dominican Abel Fernandez as president of the International Cocoa Council.

At a press conference that concluded this meeting, Michel Arrion, the executive director of ICCO, explained to the press that six points were on the agenda for this session. Among these points, he cited the situation of the global cocoa market, generic promotion of cocoa consumption, adoption of the budget, an annex to the international cocoa report, an extension of the validity of the international cocoa agreement until 2026, and the election of the new president.

“It is a privilege and an honor for Spain to assume the presidency of the International Cocoa Council. We will continue to strengthen ICCO’s role in the global cocoa industry,” said Rafael Soriano, the new president of the International Cocoa Council during the press conference that concluded this meeting.

“(…) The objective is that we can observe the sustainability of cocoa throughout the value chain from producer to chocolatier. Of the $100 billion generated by this sector, we producers only benefit from 5 or 6%, and this concerns us. Consumers never complain about chocolate bars, but we producers do,” said Ambassador Aly Touré, spokesperson for ICCO’s producer countries.

Continuing, Mr. Touré, who is also Côte d’Ivoire’s permanent representative to basic product organizations, said he has “great hope” for the next World Cocoa Conference scheduled for April 2024 in Brussels (Belgium).

The International Cocoa Organization (ICCO) celebrated its 50th anniversary on October 3rd in Abidjan. This anniversary was coupled with the celebration of the 10th anniversary of the global cocoa agenda.

The International Cocoa Organization (ICCO) is an intergovernmental organization composed of 52 member countries, including 23 cocoa exporters and 29 cocoa importers. It works to establish a sustainable cocoa supply chain by sustainable development goals.

You can also read: African Cocoa Exchange Expected Very Soon To Boost Africa’s Position In The Global Cocoa Value Chain

Filed Under: Economy

What are SODECI and SIEE in the Ivory Coast?

June 26, 2023 by admin Leave a Comment

SODECI (Société des eaux de Côte d’Ivoire) is the water distribution company of the Ivory Coast. It produces, transports, and distributes drinking water in urban areas of the Ivory Coast.

What is the Ivorian Company of Water and the Environment?

The Ivorian Company of Water and the Environment (SIEE) is a joint venture set up by the PFO Africa – Veolia consortium to operate and maintain the Mé drinking water plant. The Ivorian government has just signed a new partnership agreement with SIEE1

What is the La Mé plant?

The La Mé plant is a drinking water treatment plant located on an eight-hectare site 30 km north of Abidjan. It has a production capacity of 240,000 m³ and produces drinking water that meets the needs of 2.4 million people in several municipalities in the north of Abidjan, including Cocody, Abobo, and Youpougon, as well as in the east.

Recently, the government of Alassane Ouattara has granted Veolia a 15-year agreement to work and maintain another drinking water treatment plant close to Abidjan, Veolia reported on Wednesday. In 2018, the Ivorian government previously trusted the consortium Veolia-PFO Africa with the plan, development, and authorizing of the La Mé plant.

Filed Under: Economy

African Cocoa Exchange Expected Very Soon To Boost Africa’s Position In The Global Cocoa Value Chain

June 25, 2023 by admin Leave a Comment

Ghana, the world’s second-biggest cocoa producer, along with other cocoa-producing nations on the continent such as the Ivory Coast have reported plans to lay out an African Cocoa Trade (AfCX) that will act as a stage for supporting and exchanging cocoa continues. The trade, as would be considered normal to be functional this year should everything work out as expected plans to improve Africa’s impact in the cocoa esteem chain and seriousness in the cocoa area.

Members from the International Cocoa Organisation (ICCO) met in Accra on 21st and 22nd June 2023, for a partner studio on practicality investigations of laying out an African Cocoa Trade. Talking after the principal day of the occasion, the CEO of the Ghana Cocoa Board, Joseph Boahen Aidoo made sense of the significance of this drive and how the result of the studio on the attainability study will help in the foundation of the trade.

As per him, the cost of cocoa has forever been directed in the New York and London markets which have not been truly ideal for makers in Ghana and the African landmass. He trusts that a foundation of a market in one or the other Accra, Lagos, or Abidjan, will change value systems and lift trust in African merchants and makers, to exchange appropriately and make them deal power on cocoa evaluating in the worldwide market.

The Minister of Food and Agribusiness, Bryan Acheampong, who was likewise present, commended the drive and showed the public authority’s help to see it work. Bryan Acheampong stated that the foundation of the trade will be another part of Africa’s cocoa industry and will introduce an amazing chance to change the cocoa store network for the conveyance of more noteworthy worth to all actors.

Ghana has taken action to have the stage and by making a territorial center for cocoa exchange, Ghana desires to draw in additional speculation and development in the area, as well as work on the jobs of cocoa ranchers. The trade will likewise empower Ghana to have more command over the estimating and premium on its cocoa, which are not entirely set in stone by the London and New York markets.

The African Cocoa Exchange is expected to boost the continent’s position in the global cocoa value chain and have some control over the pricing of the commodity. The trade will likewise supplement the endeavors of the African Continental Free Trade Area (AfCFTA), which plans to make a solitary market for labor and products across Africa.

Credit Poto: Youtube

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Filed Under: Economy Tagged With: Cocoa

Ivory Coast Plans To Fight Corruption

June 23, 2023 by admin Leave a Comment

In Abidjan, the economic capital city of the Ivory Coast, the Minister of Good Governance Promotion and the Fight against Corruption, Zoro Epiphane Ballo, held discussions with technical and financial partners (TFPs) on Thursday, June 15, 2023, to seek their support in the fight against corruption. This took place on the sidelines of the 5th edition of the International Anti-Corruption Alliance (ICHA) Forum, organized by the World Bank in partnership with the State of Ivory Coast.

The objective of these exchanges was to present the achievements of Ivory Coast in the fight against corruption to the partners. They also aimed to explore possibilities, including the establishment of the Academy of Good Governance and Anti-Corruption, to raise awareness among actors in the public and private sectors as well as civil society.

The Minister emphasized that the Ivorian government has implemented several reforms to strengthen mechanisms for preventing, detecting, and prosecuting acts of corruption, including the SPACIA platform for reporting acts of corruption and related offenses. He urged everyone to support this government platform to become firmly established.

According to Epiphane Zoro, this instrument established by the State of Ivory Coast complements other anti-corruption measures, aiming to make our country a reference in the fight against corruption.

Professor Charles Moumouni, an expert and consultant in the fight against corruption, presented the establishment of the Ivorian Academy of Good Governance, which has both institutional and pragmatic objectives.

The institutional objective will serve to create synergy among stakeholders in good governance and the fight against corruption, making this sustainable structure a reference for best practices in this field.

Furthermore, it will implement a three-part training program, including providing high-quality training to strengthen the capacity of 1,500 stakeholders by 2026, granting a governance proficiency certificate to approximately 700 individuals within the same timeframe, and establishing an executive master’s program in governance and anti-corruption leadership for 300 individuals by 2026.

Also: VEOLIA Granted New Agreement In IVORY COAST

Filed Under: Business, Economy, Finance, Politics

Ivory Coast and American Murphy Oil Corporation sign five sharing and production contracts

June 22, 2023 by admin Leave a Comment

The Ivory Coast and the American Oil firm American Murphy Oil Corporation signed five sharing and production contracts on June 20th in Abidjan.

The Ivorian Minister of Mines, Oil, and Energy, Mamadou Sangafowa-Coulibaly representing the government of President Alassane Ouattara expressed his great satisfaction with this settlement on the oil blocks CI-102, CI-103, CI-502, CI-531, and CI-709.

“This American Group gives us a lot of hope. We believe in our sedimentary basin which has enabled two major oil discoveries. One in September 2021 and the other in July 2022. This reflects the attractiveness of our sedimentary basin,” said Sangafowa-Coulibaly.

The Ivorian Minister honored every one of the individuals who made it an important matter to advance the Ivorian sedimentary basin.

Also: Weather Conditions Compromise Ivory Coast Cocoa Mid-crop

in French: La Côte d’Ivoire et la société américaine Murphy Oil Corporation

Filed Under: Economy, Ivory Coast Breaking News Tagged With: Oil

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