Côte d’Ivoire secured a $120 million investment commitment from Sila Health, a Turkish medical technology firm, on the sidelines of the 5th Türkiye-Africa Business and Economic Forum.
The investment is earmarked for the construction of a cutting-edge analytical laboratory and an ultramodern medical imaging center in the capital, Abidjan, according to a report by the newspaper Fraternité Matin on Thursday, October 16, 2025. The project aims to improve the quality of healthcare available, reduce expensive medical evacuations abroad, and position Côte d’Ivoire as a "high-performing regional health hub."
The announcement reflects strengthening cooperation between Côte d’Ivoire and Turkey, marked by intensified economic, diplomatic, and technical exchanges. Recent initiatives include the visit of the Ivorian Transport Minister to Istanbul in August 2025, followed by a Turkish economic mission to Abidjan focused on infrastructure in September.
For several years, Turkey has pursued a strategy in Africa aimed at securing promising economic opportunities and fostering durable, inclusive cooperation, with a focus on sectors including transport, construction, commerce, and defense.
According to the Côte d'Ivoire Investment Promotion Center (CEPICI), Turkish companies accounted for 7% of foreign direct investment in the country in 2023. Bilateral trade between Ankara and Yamoussoukro also saw notable growth, rising from $733 million in 2020 to $813 million in 2024, based on International Trade Centre (ITC) data.
Charlène N’dimon
Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...
Circular migration is based on structured, value-added mobility between countries of origin and host...
President Tinubu approved incentives limited to the Bonga South West oil project. The project tar...
CBE introduced CBE Connect in partnership with fintech StarPay. The platform enables cross-border...
Urban employment reached 53.7% in WAEMU in early 2025 Most jobs remain informal, low-paid, and in...
Sonangol raised $750m via its debut international bond, a five-year private placement, marking a key step in Angola’s return to global debt...
Gold production rose 10% year on year, reaching 1.21 mln ounces in 2025. Lafigué delivered its first full year of output, offsetting declines at other...
African startup M&A hits record 67 deals in 2025 Consolidation driven by funding pressures and expansion strategies Fintech leads deals as “Big Four”...
Galiano Gold will invest at least C$17mln in gold exploration in Ghana in 2026. The budget is up 70% year on year and targets reserve growth at the...
The Khomani Cultural Landscape is a cultural site located in northern South Africa, in the Northern Cape province, near the Kgalagadi Transfrontier Park....
Three African productions secured places among the 22 films competing for the Golden Bear at the 76th Berlin International Film Festival. Berlinale...