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Vol 53 No 3

Published 3rd February 2012

Côte d'Ivoire

Oil is the new cocoa

Ouattara puts mining and oil at the top of a campaign to diversify the economy but not without stumbles

President Alassane Dramane Ouattara is trying to move the economy away from an over-reliance on agriculture, which accounts for 40% of gross domestic product, and into mining and oil. Earlier plans stagnated, firstly because of civil conflict and then because they did not fit with the system of patronage of former President Laurent Gbagbo. Officials say there has been a surge of interest from new investors since ADO set about streamlining investment requirements and appointed the respected Adama Toungara Minister for Mines, Petroleum and Energy.

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