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Ivory Coast’s Dollar Bonds Rally On President Ouattara’s re-election
October 29, 2025
Ivory Coast’s dollar bonds rallied after President Alassane Ouattara’s re-election, reflecting investor confidence that his business-friendly and stable policies will continue in the world’s top cocoa producer. Ouattara secured a fourth term with 89.8% of the vote, after key rivals, Tidjane Thiam and Laurent Gbagbo, were barred from running. His administration has overseen average GDP growth of about 6% since 2011 and maintained strong fiscal management. Economists noted that his victory reinforces Ivory Coast’s pro-investment stance and could drive further bond outperformance relative to South Africa, with both countries rated Ba2 by Moody’s. Analysts said markets welcomed the certainty of political continuity and the absence of post-election unrest.
Its dollar bonds rallied by 1-2 points across the curve with its 6.125% 2033s up at 98.3, yielding 6.45%.
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