Ivory Coast ranks second among Africa's most indebted nations, behind Egypt
via Abidjan.net7 min read
A report from Monday, April 20, 2026, indicates that Ivory Coast is the second most indebted country in Africa, following Egypt. This information was highlighted in the "Titrologue" section of Abidjan.net TV, which regularly covers top news and societal issues. The ranking places Ivory Coast among the top 10 African nations with the highest debt burdens.
Free daily or weekly digest of the most important stories from across 10 countries. No spam, unsubscribe any time.
This summary was AI-generated from a story originally published by Abidjan.net.
Leadway Assurance participated in the 2nd edition of the Real Estate Investment and Energy for Africa SIIMEA exhibition in Paris from April 10 to 12, 2026. The company reaffirmed its commitment to the African diaspora by offering concrete solutions to secure and structure their investment projects on the continent. SIIMEA 2 served as a platform for economic actors and diaspora members to exchange, highlighting a growing need for reliable and secure support for investment projects in Africa. Leadway Assurance presented tailored solutions, particularly in real estate savings and retirement planning, addressing key concerns related to investment security. These discussions provided concrete answers in a context of high expectations for transparency, reliability, and structuring. B2B meetings, involving families and associations, fostered direct, personalized, and high-value interactions, strengthening proximity and trust with participants. This participation reassured many diaspora families, helping them better understand their investment projects and consider returning to their home countries with greater peace of mind. Through its presence, Leadway Assurance confirmed its role as a committed partner in supporting African diasporas, aligning with the continent's economic development dynamics.
The Regulatory Authority of the Warehouse Receipt System ARRE of Côte d'Ivoire and the Regulatory Body of the Warehouse Receipt System of Senegal ORSRE signed a Memorandum of Understanding MOU in Abidjan on April 17, 2026. This agreement establishes a strategic and lasting partnership between the two institutions. The MOU aims to strengthen cooperation, pool expertise, and promote best practices in regulating the Warehouse Receipt System WRS. Beyond this signing, there is an ambition to expand and harmonize the WRS across the West African Economic and Monetary Union UEMOA and within the framework of the African Continental Free Trade Area AfCFTA, leveraging the successful experiences of Côte d'Ivoire and Senegal. This initiative is crucial for facilitating access to agricultural financing, securing transactions, and enhancing regional market integration. This strategic advancement creates new opportunities for stakeholders in agricultural sectors and reaffirms the commitment of both institutions to structured and inclusive economic development.
Must ReadTéné Birahima Ouattara, Vice-Prime Minister and Minister of Defense, represented Côte d'Ivoire at the G7++ Group of Friends of the Gulf of Guinea FOGG meeting in Paris on April 15, 2026. This high-level gathering focused on maritime security in the Gulf of Guinea. Côte d'Ivoire committed to establishing a sustainable financing system and a process for adopting the YARIS information-sharing platform. On April 16, 2026, Ouattara also held a working session with his French counterpart, Catherine Vautrin, Minister of the Armed Forces and Veterans, to discuss security issues, including terrorism management and maritime space control. The G7++ FOGG, created in 2013 during the UK's G7 presidency, supports the maritime security architecture developed under the Code of Conduct for the prevention and suppression of piracy, armed robbery against ships, and illicit maritime activities in West and Central Africa.
On April 16, 2026, during the Spring Meetings of the World Bank Group and the IMF in Washington, the Minister of Planning and Development, Dr. Souleymane DIARRASSOUBA, held a bilateral meeting with the Vice-President of the Islamic Development Bank IsDB for operations. The IsDB Vice-President announced a new fund of nearly $500 million to boost the institution's concessional financing capacity and invited Côte d'Ivoire to prioritize requesting support from this fund during the IsDB's annual meetings in Baku in June 2026. The IsDB also confirmed its support for organizing a roundtable on investment opportunities for the National Development Plan PND 2026-2030, to be held alongside these meetings. An electricity project is also slated for approval by the Board of Directors in June. Minister DIARRASSOUBA highlighted the extensive partnership, which includes 24 active operations totaling approximately $2.5 billion, covering road infrastructure, housing, drinking water, and agriculture. He sought increased IsDB commitment to financing the PND 2026-2030, which has an overall budget of 114,838.5 billion FCFA, with 70.2% expected from the private sector and international partners. Both parties identified Islamic finance as a growth driver for the Ivorian financial market, recognizing its potential for the national economy given the country's demographic profile and favorable banking environment. Over three days in Washington, Côte d'Ivoire successfully engaged the BADEA, the Saudi Fu