Home Africa Ex-Credit Suisse Chief Officially Ruled Out Of Ivory Coast Presidential Contest

Ex-Credit Suisse Chief Officially Ruled Out Of Ivory Coast Presidential Contest

Thiam, the designated candidate of the main opposition party PDCI, was widely expected to be excluded after a court ruled in April that he should be removed from the electoral roll because he was a French national when he registered.
Tidjane Thiam
Tidjane Thiam, president of the PDCI (Democratic Party of Cote d'Ivoire), speaks during a meeting as the country prepares for the presidential election in Yopougon, Abidjan, Ivory Coast, February 15, 2025. REUTERS/Luc Gnago/File Photo

Ivory Coast authorities announced on Monday that former Credit Suisse chief Tidjane Thiam and ex-president Laurent Gbagbo will not be allowed to contest next month’s presidential election, though Simone Gbagbo, the former first lady, has been cleared to stand as a candidate.

President Alassane Ouattara, 83, announced in July he would seek a fourth term in the world’s top cocoa-producing nation, and analysts expect him to win, given the weak field of challengers.

But tensions over candidates’ eligibility risk fuelling unrest in Francophone West Africa’s largest economy, which has a long history of election-related violence. Ouattara’s government has promised a peaceful vote.

Thiam, the designated candidate of the main opposition party PDCI, was widely expected to be excluded after a court ruled in April that he should be removed from the electoral roll because he was a French national when he registered.

Only Ivorian Citizens

Ivory Coast law states that candidates must be Ivorian citizens and cannot hold another nationality.

Monday’s decision, announced by Constitutional Council President Chantal Nanaba Camara, validated five candidacies out of 60, including Ouattara’s. It came just over a month before the official campaign period begins on October 10.

Laurent Gbagbo’s refusal to accept defeat in the 2010 election triggered a brief civil war that killed more than 3,000 people and only ended with his arrest alongside Simone Gbagbo at their Abidjan residence.

Laurent Gbagbo was tried and acquitted of crimes against humanity at the International Criminal Court.

Simone Gbagbo was convicted in an Ivorian court of offences against the state during the 2011 civil war, but Ouattara granted her amnesty in 2018.

Tidjane Thiam said in a statement on Monday the election next month risked becoming a “coronation” for Ouattara.

The former CEO of Credit Suisse also said a fourth term for Ouattara would be unconstitutional, though Ouattara has argued that a new constitution approved in 2016 reset his two-term limit.

(With inputs from Reuters)

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