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Ebola Slowed French Investment In Ivory Coast

Ebola Slowed French Investment In Ivory Coast

From Bloomberg/Written By Olivier Monnier

The Ebola outbreak slowed down French investments in Ivory Coast, the world’s top cocoa producer, even if there were no recorded cases of the disease in the West African nation.

“We’ve seen a slowdown in investment decisions and in the start-up of some projects,” Gilles Della Guardia, West Africa chief of Business France, France’s state-owned business promotion agency, said in an interview on Wednesday.

The worst-ever Ebola outbreak has killed more than 8,000 people in Guinea, Sierra Leone and Liberia. Three other countries in the region that found cases of the disease — Nigeria, Senegal and Mali — managed to contain the epidemic.

“We really felt Ebola,” Della Guardia said in the commercial capital, Abidjan. “It’s a result of the media coverage, which led some people to believe the outbreak was affecting the whole West Africa region.”

The former French colony is turning the page on a decade-long conflict with economic growth that probably reached 8 percent last year, according to the International Monetary Fund. The country emerged from instability in 2011 with a new president, Alassane Ouattara.

 

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