Franck Kessie, left, equalised from the penalty spot to send the game against Senegal to extra time then scored the decisive spot kick to seal victory for Ivory Coast. AP
Franck Kessie, left, equalised from the penalty spot to send the game against Senegal to extra time then scored the decisive spot kick to seal victory for Ivory Coast. AP
Franck Kessie, left, equalised from the penalty spot to send the game against Senegal to extra time then scored the decisive spot kick to seal victory for Ivory Coast. AP
Franck Kessie, left, equalised from the penalty spot to send the game against Senegal to extra time then scored the decisive spot kick to seal victory for Ivory Coast. AP

Ivory Coast's rollercoaster Afcon continues with shoot-out win over holders Senegal


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Ivory Coast's rollercoaster Africa Cup of Nations will continue into the quarter-finals after the tournament hosts stunned holders Senegal on penalties in the last 16 on Monday night.

Only a week ago, it looked like the Ivory Coast were heading for a humiliating group-stage exit from their own Afcon, only to scrape through to the knockout stages with the worst record of the fourth-best third-placed sides.

That included a shock 4-0 defeat to Equatorial Guinea, their heaviest home defeat, which led to the sacking of veteran French coach Jean-Louis Gasset and trying unsuccessfully to bring in former boss Herve Renard on a short-term deal. Instead, former player Emerse Fae was appointed on an interim basis, hoping to rouse a shell-shocked team for a daunting tie against the holders.

And now they are into the last eight after beating Senegal 5-4 on penalties following a tie that finished 1-1 at the end of extra time.

It looked like being a trying evening for Ivory Coast in Yamoussoukro as Senegal went ahead in the fourth minute when Habib Diallo brought down Sadio Mane's cross from the left and finished emphatically.

Mane then escaped with a yellow card for a dangerous challenge on Ibrahim Sangare soon after, although Senegal also felt hard done by early in the second half.

Ismaila Sarr went down in the box in a tangle of legs with Odilon Kossounou, but no penalty was given and the referee did not come across to review the incident on the pitchside monitor.

Instead, it was the Ivorians who won a late penalty of their own, a VAR review showing that Nicolas Pepe was chopped down by Senegal goalkeeper Edouard Mendy.

Franck Kessie of Saudi club Al Ahli, who was dropped to the bench at kick off, converted the penalty to force extra time.

With no further scoring, it came down to penalties, and Senegal's Moussa Niakhate was the only player to miss, seeing his effort strike the post.

Kessie then netted the decisive kick to take Ivory Coast through to a last-eight tie against Mali or Burkina Faso in the central city of Bouake on Saturday.

Neighbours Mali and Burkina Faso clash in the last 16 in the northern city of Korhogo on Tuesday.

"We are feeling a lot of emotion," Ivory Coast striker Sebastien Haller told broadcaster Canal Plus Afrique. "The last few days have not been easy but we had to believe in ourselves."

Senegal go out after being the only team to win all three games during the group stage, and their elimination means no reigning champion has made it beyond the first knockout round since Egypt won a third consecutive title in 2010.

Cape Verde make Afcon history

Earlier on Monday, Cape Verde won an Afcon knockout tie for the first time in their history as a late Ryan Mendes penalty gave them a 1-0 victory over Mauritania in Abidjan.

The tie was drifting towards extra time when Cape Verde won a spot-kick as substitute Gilson Tavares Benchimol was brought down in the box by Mauritania goalkeeper Babacar Niasse.

Captain Mendes then converted with just two minutes of the 90 remaining to break the resistance of a Mauritania side appearing in the knockout phase for the first time.

Cape Verde advance to a quarter-final on Saturday in Yamoussoukro against either Morocco or South Africa, who meet in the last 16 on Tuesday in San-Pedro.

The tiny Atlantic Ocean island nation had got out of their group in two of their three previous appearances at the Afcon, but had never before won a knockout tie.

"We are proud of everything we have done up to now. We always tried to win the game and we thoroughly deserved the victory," said Cape Verde coach Pedro 'Bubista' Brito, who believes his side can go further still in the tournament.

"We have our objective, which from day one has been to get to the semi-finals.

"We are one step away from that now and we are going to keep going, while obviously staying humble and respecting our opponents, but we believe. That is our focus and we are going to try and get there."

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Team Team Pederson (-40), Team Kyriacou (-39), Team De Roey (-39), Team Mehmet (-37), Team Pace (-36), Team Dimmock (-33)

Individual E. Pederson (-14), S. Kyriacou (-12), A van Dam (-12), L. Galmes (-12), C. Hull (-9), E. Givens (-8),

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How much do leading UAE’s UK curriculum schools charge for Year 6?
  1. Nord Anglia International School (Dubai) – Dh85,032
  2. Kings School Al Barsha (Dubai) – Dh71,905
  3. Brighton College Abu Dhabi - Dh68,560
  4. Jumeirah English Speaking School (Dubai) – Dh59,728
  5. Gems Wellington International School – Dubai Branch – Dh58,488
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  7. Dubai English Speaking School – Dh51,269

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This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

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Man of the Match: Timo Werner (RB Leipzig)

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Profile

Company: Justmop.com

Date started: December 2015

Founders: Kerem Kuyucu and Cagatay Ozcan

Sector: Technology and home services

Based: Jumeirah Lake Towers, Dubai

Size: 55 employees and 100,000 cleaning requests a month

Funding:  The company’s investors include Collective Spark, Faith Capital Holding, Oak Capital, VentureFriends, and 500 Startups. 

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Updated: January 30, 2024, 7:05 AM