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West African Bankers Association

Association des Banques d'Afrique de l'Ouest


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WABA LEADERSHIP

WABA's executive secretariat is under the strategic leadership of the CEO ...read more


BOARD OF DIRECTORS

Board members provide leadership for WABA and its overall operation ....read more


     
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Information on Cote d'Ivoire Information on the Economy of Cote d'Ivoire
List of Banks in Cote d'Ivoire How to create a company
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Ivory Coast?

Located in Western Africa, Ivory Coast has a 3,458.00 km border with Burkina Faso (545 km), Ghana(720 km), Guinea (816 km), Liberia (778 km) and Mali (599 km). It has a 515.00 km coastline. There is a dispute concerning the maritime border between Cote d'Ivoire and Ghana.

 

Yamoussoukro is the political and administrative capital city of Ivory Coast while Abidjan is considered the “economic” capital. It is located on South Central Ivory Coast. It was not until 1983 when Yamoussoukro was designated as the capital city of Ivory Coast. Before 1983, Abidjan served the capital. The city is not very populous; in fact, it is ranked fourth most populous city in Ivory Coast. As per the 2014 census in the country, the district has a population of approximately 355,000 inhabitants of which over 250,000 people live in within the city. The city is considered quiet with not so many activities going on along the street streets.

 

Read more on Ivory Coast's Capital

Ivory Coast is an African country covering 322,463.00 km2 of which 1.38% is water and 318,003.00 km2 is land. This makes it the 68th largest country in the world and slightly larger than New Mexico. Its geographic coordinates are 8 00 N, 5 00 W and Yamoussoukro is the capital city.

The name Cote d'Ivoire refers to the history of ivory trade in the region.

Its ISO code is CI.

Geography

Ivory Coast has a mean elevation of 250 m above sea level.

It has a tropical climate along the coast, and a semiarid climate in the north of the country. Its terrain is mostly flat with some mountains in the northwest.

Population

Ivory Coast has a population of 23,740,424 making it the 54th largest in the world.

French is the official language. The major ethnic groups are Akan, Voltaique or Gur, and Northern Mande. The majority of the population is Muslim, with big Protestant and Catholic minorities

 

The official and the national language of Ivory Coast is French. French is an Indo-European and Romantic language. The French alphabet has 26 letters. It uses the Latin Script in writing. French was introduced into Ivory Coast during the colonial era. Approximately 10 million people out of approximately 24 million living in Ivory Coast can comfortably sustain a conversation in the French language.

 

Read more on Ivory Coast's Languages

The dialing code for the country is 225.

Government

Ivory Coast is an independent country. It gained independent from France in 1960. Its constitution was last ratified in 2016.

 

Ivory Coast is a representative parliamentary democratic republic. It has a multi-party system with the president as the head of both the government and state. The parliament of the country is bi-cameral. It was initially unicameral until a constitutional referendum that upgraded it into a bicameral was passed in 2016. The National Assembly is the lower house whereas the Senate, which will be established during the next general elections will be the upper house of the parliament. The official residence of the president is referred to as the Presidential Palace. The elections in Ivory Coast are held after every five years with the several political parties competing for the available seats in the national assembly. The National Assembly constitutes of 225 members who are elected to represent constituencies

 

Read more on Ivory Coast's Government

Economy

Factoring in Purchasing Power Parity, Ivory Coast's GDP is $87,120,000,000.00 (USD) with $3,600.00 (USD) per capita. This makes it the 87th largest economy and its citizens the 174th richest in the world. The currency of Ivory Coast is the Franc (XOF).

Its major export partners are the United States, the Netherlands, France, and Germany. Its main exports are cocoa, coffee, timber, petroleum, cotton, bananas, and pineapples. Its major import partners are NigeriaChina, France, and the Bahamas. Its major imports include fuel, capital equipment, and foodstuffs.

Flag

The Ivorian flag is a basic tricolor flag consisting of three equal vertical bands of orange, white, and green from the hoist to fly side respectively. The flag is modeled from the French tricolored flag, its former colonial power. The flag of Ivory Coast resembles the Irish flag, especially when hoisted on the reverse since the two flags both have orange, white, and green colors, except that the Irish flag is longer. The orange color on the Ivorian flag symbolizes the land, fertility, and the savannah which is in the northern part of the country. The white color symbolizes peace while the green color signifies the hope and forest cover on the southern part of the country. The Ivorian flag was adopted on December 3, 1959, following the referendum of the French Fifth Republic in 1958. The flag was retained without any alteration upon the country attaining independence on August 7, 1960. The Ivorian Flag is the first and the only flag the country has had. The tricolor French flag was mainly hoisted during colonization.

Read more on Ivory Coast's Flag

 

 

ANNUAL MEETINGS

WABA's Annual General Meeting creates platform for members to converge ...read more

TRAINING COURSES

Greater attention is being given to training on short courses. Register ...read more


Capital

Yamoussoukro

Languages

French (official), 60 native dialects of which Dioula is the most widely spoken

Ethnic Groups

Akan 28.8%, Voltaique or Gur 16.1%, Northern Mande 14.5%, Kru 8.5%, Southern Mande 6.9%, unspecified 0.9%, non-Ivoirian 42.3% (2014 est.)

Religion

Muslim 42.9%, Catholic 17.2%, Evangelical 11.8%, Methodist 1.7%, other Christian 3.2%, animist 3.6%, other religion 0.5%, none 19.1%

Government

Presidential republic

Independance

7 August 1960 (from France)

Area

322,463.00 km2

Water Area

4,460.00 km2

Land Area

318,003.00 km2

Population

  • 23,740,424.00

Location

Western Africa, bordering the North Atlantic Ocean, between Ghana and Liberia

No. Bordering Countries

5

Bordering Countries

Burkina Faso 545 km, Ghana 720 km, Guinea 816 km, Liberia 778 km, Mali 599 km

GDP(PPP)

$87,120,000,000.00 (USD)

GDP (Per Capita)

$3,600.00 (USD)

Export Partners

Its major export partners are the United States, the Netherlands, France, and Germany.

Export Commodities

Its main exports are cocoa, coffee, timber, petroleum, cotton, bananas, and pineapples.

Import Partners

Its major import partners are Nigeria, China, France, and the Bahamas.

Import Commodities

Its major imports include fuel, capital equipment, and foodstuffs.

Climate

Tropical along coast, semiarid in far north; three seasons - warm and dry (November to March), hot and dry (March to May), hot and wet (June to October)

Terrain

Mostly flat to undulating plains; mountains in northwest

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Ivory Coast

 

About WABA


     
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Our Mission and Objectives

 

What We Do at WABA
Our Leadership and Governance

 

     

The West African Bankers Association's mission is "to develop, promote, generate, coordinate and drive cross border banking and financial transactions that will enhance regional trade, economic and financial integration and development." ...read more

WABA creates avenues for the revision and exchange of information on banking practices in the sub-region in particular and in Africa in general, and a forum for the discussion of common problems. The enhancement of the promotion and strengthening of ...read more

WABA comprises 3 organs namely; The Secretariat, The Executive Council and the General Assembly, including the Executive Management, and the Board of Directors. The Secretariat is run by the Secretary General who is the Chief Executive Officer. ...read more

 
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