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Ivory Coast: MS-Media records its first positive result

28/06/2021
Categories: General Information

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The mutual fund for Ivorian journalists recorded its first positive result at the end of the 2020 financial year. As of December 31, 2020, the general mutual fund for private media agents in Côte d'Ivoire (MS-Médias) had 494 main members for 1,607 beneficiaries. - rights, i.e. an average of 04 rights holders per subscription.

The MS-Media recorded its first positive result since its establishment. “After deficit financial results in 2018 (-33,378,778 FCFA) and in 2019 (-15,832,122 FCFA), MS-Médias recorded its first surplus result for the 2020 financial year (30,180,094 FCFA)”, declared during this general meeting, the chairman of the Board of Directors of MS-Médias, Sindou Cissé presenting the report for the 2020 financial year. 211 FCFA in 2018 to 110,867,622 FCFA in 2019, then to 116,370,289 FCFA in 2020. Financially, MS-Médias remains highly dependent on aid from the Press Support and Development Fund (FSDP) which is 60,316,000 FCFA in 2018, i.e. 30% of the budget, 90,982,000 FCFA in 2019, i.e. 38.5% of the budget and 100,000,000 FCFA in 2020, i.e. 38.5% of the budget. The contributions of mutual members, which constitute the mutual's own resources, increased from 76,725,000 FCFA in 2018 to 100,935,000 FCFA in 2019 and 113,397,000 FCFA in 2020. However, these resources remain low. The 2021 budget of the MS-Médias is 287,525,000 FCFA against 261,000,000 FCFA in 2020, an increase of around 10%.

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