Business For Sale Ivory Coast

Business For Sale Ivory Coast | Business For Sale Listings

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Business For Sale Ivory Coast

Things to Know About the Business for Takeover Ivory Coast

Ivory Coast, famously known as Cote d’Ivoire, is a country situated on the south coast of West Africa. Guinea and Liberia border it to the west, Burkina Faso and Mali to the North, Ghana to the east, and the Gulf of Guinea (Atlantic Ocean) to the south. The country has two capitals, Yamoussoukro (political capital) and the port city of Abidjan, the largest and economic capital hub.

Ivory Coast is an ethnically mixed country with over 60 ethnic groups. The official language is French, with other local indigenous languages such as Baoule, Cebaara Senufo, Dioula, and Anyin widely spoken. Its population is estimated to be approximately 24 million inhabitants.

In 2018, the estimated GDP growth was at 7.4 percent mainly supported by external demand for agricultural and oil products alongside robust domestic demand from major investments projects and household consumption. Following the 2017 social unrest, doing business in Ivory Coast was sharply hit coupled with the decline in commodity prices such as cocoa and oil prices. The economic viewpoint remains favorable owing to good performance in the agricultural sector and the stabilization of the account deficit linked to sustained imports of capital goods associated with infrastructure projects. However, doing business in Ivory Coast remains vulnerable due to adverse weather conditions, unflattering international evolution of commodity prices. Continuous improvement and upgrading the industrial sector towards higher value-added is a route in the right direction.

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