News / Africa

    Economic Sanctions Hurting Ivory Coast Economy

    A woman sells food next to an open sewer in the Adjame neighborhood of Abidjan, Ivory Coast, January 28, 2011
    A woman sells food next to an open sewer in the Adjame neighborhood of Abidjan, Ivory Coast, January 28, 2011

    The political crisis between rival governments in Ivory Coast is beginning to effect its economy, as sanctions against the incumbent president lead to fuel and currency shortages.

    The United States, the European Union and West Africa's regional economic alliance have all imposed sanctions against the government of incumbent President Laurent Gbagbo, because he is refusing to give up power to the United-Nations-certified winner of the vote, former Prime Minister Alassane Ouattara.

    People in the commercial capital, Abidjan, say they are beginning to feel the impact of those sanctions. Mechanic Lamine Sylla says people do not have money to fix their vehicles.

    Lamine says there have been many problems. If you work for the government, your money has been trapped.  You can no longer get paid. He says he has done five months of work on government vehicles and there is no money to pay him.

    As the world's largest cocoa producer, Ivory Coast was once the economic giant of West Africa. But a brief civil war, years of division, and the political crisis that has followed November's election has brought power cuts, piles of uncollected trash and shortages of medicine.

    Market Trader Fidel Sacre says it is something Ivorians have never seen.

    Sacre says the impact of the crisis on the business sector is catastrophic.  He says it is the first time anyone in Ivory Coast has ever seen this in their own country.

    With the Gbagbo government cutoff from the region's central bank, many cash machines in Abidjan are running out of money. Banks are limiting withdrawals and are having trouble clearing checks because connections to the regional banking system were severed when the Gbagbo government seized control of the central bank's local office.

    That has been restricting the amount of cash in circulation, cutting into business for mobile phone seller Kadidiatou Sanoussi.

    Before the crisis, Sanoussi sold five or ten mobile phones a day. But now things are quite difficult. Just to sell three mobile phones a day, Sanoussi says traders really need to hustle and bargain with customers to convince them to buy.

    Ivory Coast's state-run oil firm says sanctions may eventually shut its refinery, reducing supplies of petroleum. Dealer Desire Allah says there is already a shortage of cooking gas.

    With regular customers, Allah says business can hold up for two more weeks.  But there are other dealers who have nothing left and are struggling to find gas canisters.  Allah says the people can hold on for another week, but after that it will be very difficult as everyone switches to charcoal.

    Gbagbo and Ouattara are both blaming each other for the economic hardships of this political crisis. Five heads of state from the African Union meet this week to discuss how best to resolve the dispute. West African leaders say they will await the outcome of that mediation but reserve the right to use military force to remove Gbagbo.

    You May Like

    Video Democrats Clinton, Kaine Offer 'Very Different Vision' Than Trump

    In a jab at Trump, Clinton says her team wants to 'build bridges, not walls'; Obama Hails Kaine's record; Trump calls Kaine a 'job-killer'

    Turkey Wants Pakistan to Close Down institutions, Businesses Linked to Gulen

    Thousands of Pakistani students are enrolled in Gulen's commercial network of around two dozen institutions operating in Pakistan for over two decades

    AU Passport A Work in Progress

    Who will get the passport and what the benefits are still need to be worked out

    This forum has been closed.
    Comments
         
    There are no comments in this forum. Be first and add one

    By the Numbers

    Featured Videos

    Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
    In State of Emergency, Turkey’s Erdogan Focuses on Spiritual Movementi
    X
    July 22, 2016 11:49 AM
    The state of emergency that Turkish President Recep Tayyip Erdogan has declared is giving him even more power to expand a purge that has seen an estimated 60,000 people either arrested or suspended from their jobs. VOA Europe correspondent Luis Ramirez reports from Istanbul.
    Video

    Video In State of Emergency, Turkey’s Erdogan Focuses on Spiritual Movement

    The state of emergency that Turkish President Recep Tayyip Erdogan has declared is giving him even more power to expand a purge that has seen an estimated 60,000 people either arrested or suspended from their jobs. VOA Europe correspondent Luis Ramirez reports from Istanbul.
    Video

    Video Scientists in Poland Race to Save Honeybees

    Honeybees are in danger worldwide. Causes of what's known as colony collapse disorder range from pesticides and loss of habitat to infections. But scientists in Poland say they are on track to finding a cure for one of the diseases. VOA’s George Putic reports.
    Video

    Video Wall Already Runs Along Parts of US-Mexico Border

    The Republican Party’s presidential nominee, Donald Trump, gained the support of many voters by saying he would build a wall to keep undocumented immigrants and drugs from coming across the border from Mexico. Critics have called his idea impractical and offensive to Mexico, while supporters say such a bold approach is needed to control the border. VOA’s Greg Flakus has more from the border town of Nogales, Arizona.
    Video

    Video New HIV Tests Emphasize Rapid Results

    As the global fight against AIDS intensifies, activists have placed increasing importance on getting people to know their HIV status. Some companies are developing new HIV testing methods designed to be quick, easy and accurate. Thuso Khumalo looks at the latest methods, presented at the International AIDS conference in Durban, South Africa.
    Video

    Video African Youth with HIV Urge More Support

    HIV, the virus that causes AIDS, is the top killer of teens in sub-Saharan Africa. But many youths say their experience with the virus is unique and needs to be addressed differently than the adult epidemic. VOA South African Correspondent Anita Powell reports.
    Video

    Video Poor Residents in Cleveland Not Feeling High Hopes of Republican Convention

    With the Republican Party's National Convention underway in Cleveland, Ohio, delegates and visitors are gathered in the host city's downtown - waiting to hear from the party's presidential candidate, Donald Trump. But a few kilometers from the convention's venue, Cleveland's poorest residents are not convinced Trump or his policies will make a difference in their lives. VOA's Ramon Taylor spoke with some of these residents as well as some of the Republican delegates and filed this report.
    Video

    Video Pop-Up Art Comes to Your Living Room, Backyard and Elsewhere

    Around the world, independent artists and musicians wrestle with a common problem: where to exhibit or perform? Traditional spaces such as museums and galleries are reserved for bigger names, and renting a space is not feasible for many. Enter ArtsUp, which connects artists with venue owners. Whether it’s a living room, restaurant, office or even a boat, pop-up events are bringing music and art to unexpected places. Tina Trinh has more.
    Video

    Video With Yosemite as Backdrop, Obama Praises National Parks

    Last month, President Barack Obama and his family visited some of the most beautiful national parks in the U.S. Using the majestic backdrop of a towering waterfall in California's Yosemite National Park, Obama praised the national park system which celebrates its 100th anniversary this year. He talked about the importance of America’s “national treasures” and the need to protect them from climate change and other threats. VOA’s Julie Taboh reports.
    Video

    Video Counter-Islamic State Coalition Plots Next Steps

    As momentum shifts against Islamic State in Iraq, discussions are taking place about the next steps for driving the terrorist group from its final strongholds. Secretary of State John Kerry is hosting a counter-IS meeting at the State Department, a day after defense ministers from more than 30 countries reviewed and agreed upon a course of action. VOA Pentagon correspondent Carla Babb reports.
    Video

    Video Russia's Participation at Brazil Olympic Games Still In Question

    The International Olympic Committee has delayed a decision on whether to ban all Russian teams from competing in next month's Olympic Games in Brazil over allegations of an elaborate doping scheme. The World Anti-Doping Agency recently released an independent report alleging widespread doping by Russian athletes at the 2014 Winter Olympics in Sochi. So far, only Russian track and field athletes have been barred from the Summer Games in Brazil. VOA's Zlatica Hoke has more.
    Video

    Video Scotland’s Booming Whisky Industry Fears Brexit Hangover

    After Britain’s vote to leave the European Union, Scotland’s government wants to break away from the United Kingdom – fearing the nation’s exports are at risk. Among the biggest of these is whisky. Henry Ridgwell reports on a time of turmoil for those involved in the ancient art of distilling Scotland’s most famous product.
    Video

    Video Millennials Could Determine Who Wins Race to White House

    With only four months to go until Americans elect a new president, one group of voters is getting a lot more attention these days: those ages 18 to 35, a generation known as millennials. It’s a demographic that some analysts say could have the power to decide the 2016 election. But a lot depends on whether they actually turn out to vote. VOA’s Alexa Lamanna reports.

    Special Report

    Adrift The Invisible African Diaspora