Nov 23, 2019

Ivory Coast raises more than $6 billion to grow its tourism sector

The coastline in Abidjan, Ivory Coast. Photo: Mahmut Serdar Alakus/Anadolu Agency via Getty Images

Ivory Coast raised 5.8 billion euros, or $6.4 billion, for its tourism industry during a roundtable in Hamburg, Germany on Friday, Bloomberg reports.

The big picture: The world’s top cocoa producer wants to create 700,000 jobs in tourism and make the sector the third pillar of its economy by 2025.

Due to a 10-year-long conflict that divided the nation into a "rebel-held north and government-run south," that ended in 2011, Ivory Coast’s tourism was wiped out.

The money raised from unnamed investor companies made up the second bid in a month to attract foreign hotels and tour operators.

  • The country‘s government had a $1 billion fundraising goal, but it has already exceeded that amount. Last month Ivory Coast attracted $5 billion in investments at a roadshow in Dubai, but the government’s statement did not provide any additional details.

Go deeper: Investors are dubious of Africa's new cocoa cartel

Go deeper

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Police officers grapple with protesters in Atlanta. Photo: Elijah Nouvelage/Getty Images

Police used tear gas, rubber bullets and pepper spray as the protests sparked by the killing of George Floyd spread nationwide on Friday evening.

The big picture: Police responded in force in cities ranging from Atlanta to Des Moines, Houston to Detroit, Milwaukee to D.C. and Denver to Louisville. In Los Angeles, police declared a stretch of downtown off limits, with Oakland issuing a similar warning.

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Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 10 p.m. ET: 5,923,432— Total deaths: 364,836 — Total recoveries — 2,493,434Map.
  2. U.S.: Total confirmed cases as of 10 p.m. ET: 1,745,930 — Total deaths: 102,808 — Total recoveries: 406,446 — Total tested: 16,099,515Map.
  3. Public health: Hydroxychloroquine prescription fills exploded in March —How the U.S. might distribute a vaccine.
  4. 2020: North Carolina asks RNC if convention will honor Trump's wish for no masks or social distancing.
  5. Business: Fed chair Powell says coronavirus is "great increaser" of income inequality.
  6. 1 sports thing: NCAA outlines plan to get athletes back to campus.