Incumbent's win spells policy stability in Ivory Coast

Significance However, official figures also report that turnout dropped significantly to 54.63%, compared with a reported 80.0% in the 2010 election. The substantial minority that did not take part lays bare the national reconciliation challenges ahead. Impacts Ouattara could face pressure to scale up compensation payments to individuals claiming to be victims of wartime violence. The stable, euro-pegged CFA franc will insulate Ivory Coast from depreciation-linked debt distress hurting many sub-Saharan African states. Regulatory bottlenecks will slow the development of the West African Power Pool, limiting Ivory Coast's prospects for exporting electricity.

Subject Prospects for the West African Economic and Monetary Union (WAEMU) Significance Economic growth in WAEMU reached 6.1% in 2016, outperforming peer regional blocs including its closest rival, the East Africa Community (EAC), which (excluding South Sudan) grew by 5.8%. However, business environment reforms lag those of the rest of sub-Saharan Africa, which could dampen longer-term growth. Impacts Despite recent progress, growth rates need to increase above 7% for at least 20 years for the zone to reach middle-income status. The structural depreciation of Nigeria's naira could erode regional integration as importing within the zone becomes more expensive. Security fears in Ivory Coast could shift investors' focus to Senegal -- despite Yamoussoukro's recent eurobond success.


2021 ◽  
pp. 1-17
Author(s):  
Ayokunle Olumuyiwa Omobowale ◽  
Natewinde Sawadogo

Abstract The West African political economy has been shaped by the policies, decisions and actions of dominant European imperialist countries since about over 500 years. Starting with imperial merchant capitalism along the West African coast in the 16th Century and French gradual acquisition of Senegal as a colony as from 1677, West Africa has remained under the imperialist hold. West Africa remains economically dependent on its former colonial masters despite more than 60 years since the countries started gaining independence. The consequences of economic imperialism on West Africa have included exploitative resource extraction, proxy and resource influenced civil wars, illegal trade in natural resources, mass poverty, and external migration of skilled workers necessary for national development. The world sees and broadcasts poverty, starvation, conflict and Saharan migration in the West African sub-continent, but hardly reports the exploitative imperialistic processes that have produced poverty and misery in West Africa in particular and across sub-Saharan Africa in general.


Significance While the overall number of incidents is fewer than a dozen since the rise of the region's jihadist insurgencies in the early 2010s, the trend lends credence to growing warnings about the jihadist threat to coastal West African countries. Concern has focused on Ivory Coast and Benin, but there is also nervousness about Ghana, Togo and even Senegal. Impacts Western governments will boost security assistance to coastal states. Intelligence sharing and joint operations will not forestall cross-border hit-and-run attacks. Most regional states will resort to security-focused responses whose abuses drive jihadist recruitment.


2019 ◽  
Vol 1 (2) ◽  
pp. 96-114
Author(s):  
Eustache Mêgnigbêto

Purpose University, industry and government relationships, known under the Triple Helix, have been studied under various aspects. The West African region and countries have been analysed with mutual information and transmission power, two information theory-based indicators. The purpose of this paper is to portray the landscape of West African Triple Helix innovation systems using three main game theory indicators (core, Shapley value and nucleolus) with the objective to measure the synergy within the selected innovation systems. Design/methodology/approach The collaboration between university, industry and government is modelled as a three-person coalitional game. Bibliographical data of selected countries were collected from Web of Science and organised according to collaboration patterns between the three actors. The characteristic functions of the games were computed, the cores plotted, the Shapley values and the nucleoli computed. Findings Either university or government has more power to create and lead to synergy; government shows solidarity towards university and industry in most of countries; and they are joined in their efforts by industry in two countries. The core exists in all the countries meaning that all the selected innovation systems present synergy; however, the extent is limited and varies over countries. Research limitations/implications Innovation includes all research products; however, this study focuses on publications only. Originality/value Synergy within a Triple Helix innovation system is studied up to now with information theory indicators. The paper portrays the landscape of West African Triple Helix innovation systems using three main game theory indicators: the core, the Shapley value and the nucleolus and gives a new way to study university, industry and government relationships.


Subject The political outlook in Togo. Significance On April 28, the Independent National Electoral Commission (CENI) announced that President Faure Gnassingbe had won re-election in the presidential ballot held on April 25, with 58.75% of the vote. His controversial third term will extend his family's rule to nearly 50 years. Opposition candidate Jean-Pierre Fabre secured 34.95% of the vote. His Combat for Political Change (CAP) alliance rejects the result. Impacts Western donors' effectiveness at pushing for democratic norms will wane as Togo, like other African states, accesses new debt sources. Togo's membership of the West African CFA franc zone, which is backed by the French treasury, will ensure currency stability. A Burkina Faso-style ouster of Gnassingbe is unlikely, for now -- he enjoys the support of the military who first installed him. Despite being spared the Ebola crisis, standards of public health will remain poor, with child mortality rates far above global averages.


Subject Prospects for Africa in the fourth quarter. Significance External headwinds facing sub-Saharan African (SSA) economies are intensifying. Uncertainty over China's growth path adds to the existing strain from lower commodity prices. The aggregate growth average is down, as the two largest economies (Nigeria and South Africa) post disappointing outlooks. Elections are due in Ivory Coast, Guinea and Burkina Faso, where leaders wrestle with post-war or post-coup era settlements. Meanwhile, the delayed Nigerian cabinet will be an important milestone for gauging confidence in the new government.


Subject African debt burdens Significance Sub-Saharan African (SSA) countries that face soaring debt-servicing obligations (Angola, Nigeria) have no option but to reduce borrowing or risk squeezing further urgent public investments. Other countries face additional constraints from approaching deadlines for meeting fiscal limits mandated by their respective economic communities (West African Economic and Monetary Union, WAEMU). A final group of countries that have fallen into debt distress and/or default (Republic of the Congo, Mozambique) are under pressure to restore creditworthiness and re-establish access to international capital markets. Impacts Falling domestic interest rates and lower local borrowing costs could slow demand for external debt. Prospects for reviving stalled debt restructuring negotiations in Mozambique are slim before the 2019 general election. Use of the proceeds of Nigeria's recent Eurobonds may be impacted by electoral factors at the expense of more productive investments.


Subject West African Cocoa. Significance Having amended a June proposal for a cocoa price floor of 2,600 dollars per metric tonne (mt), Ivory Coast and Ghana are seeking to enforce compliance with a revised plan that instead includes a 400-dollar-per-mt Living Income Differential (LID) to improve cocoa farmers' livelihoods. The LID applies to purchases starting in the 2020/21 season; compared to 2019/20 forward sales at this time last year, current sales for 2020/21 are down by two-thirds. To ensure LID compliance, the two cocoa regulators -- the Ivorian Coffee and Cocoa Board (CCC) and Ghana Cocoa Board (Cocobod) -- have vowed to monitor whether chocolate companies and processors' sustainability programmes can co-exist to mutual benefit. Impacts Both governments will maintain pressure for LID compliance, as they seek to demonstrate efficacy in improving rural livelihoods. The future LID price incentive to farmers may come into conflict with Ivory Coast’s stated goal to limit cocoa production from next year. Third-party certification schemes and in-house sustainability programmes will face pressure to demonstrate equivalent impact to the LID.


Science ◽  
1990 ◽  
Vol 249 (4970) ◽  
pp. 793-796 ◽  
Author(s):  
K. De Cock ◽  
B Barrere ◽  
L Diaby ◽  
M. Lafontaine ◽  
E Gnaore ◽  
...  

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