Africazine:
Ivory Coast is strengthening ties with its diaspora to boost economic development.
Ecobank Côte d’Ivoire has partnered with the Ministry Delegate for African Integration and Ivorians Abroad to enhance banking and investment services for Ivorians living overseas. This agreement, signed on July 3, aims to channel diaspora savings into businesses and entrepreneurship within the country.
New Banking Services for Ivorian Diaspora
The framework agreement will provide tailored banking products and project financing for Ivorians abroad. It also includes investment advisory services and entrepreneurship support, making it easier for the diaspora to invest back home. Minister Delegate Adama Dosso and Ecobank’s Managing Director Paul-Harry Aithnard emphasized the initiative’s role in facilitating economic participation from Ivorians living overseas.
Each year, Ivorians living abroad send more than CFA900 billion (about US.5 billion) back to the country. This amount surpasses the annual official development assistance received by Ivory Coast, highlighting the significance of diaspora contributions to the national economy.
Côte d’Ivoire: Key figures on diaspora investment
- CFA900 billion
- US.5 billion
Supporting National Development Goals
This partnership aligns with Côte d’Ivoire’s 2026–2030 National Development Plan, which aims to mobilize private investment for industrialization and infrastructure. The government views diaspora investment as a vital complement to public financing, essential for achieving the plan’s objectives.
By leveraging the skills and networks of the diaspora, authorities hope to enhance economic transformation and development in the country.
Next Steps for the Partnership
- Implementation of tailored banking products for the diaspora
- Launch of investment advisory services
- Promotion of entrepreneurship support initiatives
The Ivorian government is actively engaging its diaspora to drive economic growth and development.
