Public Management

Côte d’Ivoire to elaborate a private investment policy with the UNCTAD’s technical assistance

Côte d’Ivoire to elaborate a private investment policy with the UNCTAD’s technical assistance
Friday, 01 March 2019 13:48

The UNCTAD will provide technical assistance to Côte d’Ivoire for the elaboration of a national investment policy.

In that regard, the UN institution visited Abidjan this week for bilateral meetings with public and private institutions and many actors of the Ivorian economy to discuss some investment-related issues.

According to Chantal Dupasquier, Chief of the UNCTAD’s Policy Reviews Section,  the main goal is to “prepare a report that will be restituted to authorities in a few months.” This report will suggest  “the best policies to consider in terms of investment promotion” to “ strengthen the impact investment can have on development.”

Initiated by the state secretary in charge of the promotion of private investments in Côte d’Ivoire, Essis Esmel Emmanuel, the future framework document will be global coherent and inclusive highlighting the country’s investment potentials that foster sustainable growth, employment, integration of innovative technology and the improvement of living standards.

According to the official, “the investment policy contemplated by  Côte d’Ivoire is of paramount importance.” It should be “structured around core principles namely, the promotion of a transparent and conducive business environment to attract investors, the modernization of a legal investment framework, the adoption of best practices and international investments standards as well as investors’ environmental compliance and socio-cultural cohesion.”

In its last report, the UNCTAD revealed that in 2016-2017, the flow of foreign direct investment to Côte d’Ivoire grew by 17%, going from $577 million to $675 million. However, this rise in foreign direct investment “conceals the country’s low attractiveness,” Essis Esmel Emmanuel indicated.

For instance, on the $11 billion foreign direct investments captured by the WAEMU during the period under review, Côte d’Ivoire captured just 5.4%, behind Ghana (30%) and Nigeria (32%).

“This situation highlights the lack of consistent private investment policy in our country because, as the leading economic power in the UEMOA and third within the WAEMU, Côte d’Ivoire has an enormous potential and resources to boost the flow of FDI and its attractivity in West Africa,” Essis Esmel Emmanuel insists.

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Côte d’Ivoire will receive $234 million for a sustainable urban mobility project in Abidjan. Gambia will receive $32.2 million to build...
Stanbic IBTC and Zenith Bank cut monthly card spending abroad to $500 and $200 Foreign reserves fall by $3.5 billion in six...
Cauri Money launches Gajo Money, an e-wallet for the Cameroonian diaspora, targeting €120 million in transactions by end-2025. The fintech...
• Kenya and ASR sign deal to reduce risk on projects worth up to $2 billion.• Risk cover will target infrastructure, energy, logistics, and trade...
Most Read
01

• Investors seem to keep focusing on yields, which are high for the moment• New Leadership might see...

Afreximbank Bonds Retain Market Confidence Despite Moody’s Downgrade
02

• ECOWAS Bank funds 47.7-km stretch of strategic 700-km road project• Lagos-Calabar highway seen boo...

Nigeria Secures $100 mln ECOWAS Bank Loan for Lagos-Calabar Coastal Highway
03

• Algeria grants commercial 5G licenses to top three telecom operators: Mobilis, Djezzy, and Ooredoo...

Algeria Awards Commercial 5G Licenses
04

• IFC teams up with AfDB and Nigeria’s EbonyLife to assess a new fund for African cinema• Sector cou...

IFC Plans Investment Fund to Help Grow African Film Industry
05

• Global coffee consumption projected to hit a record 169.4 million 60-kg bags in 2025/2026, up from...

Coffee: Global Consumption Expected to Reach Record Level in 2025/2026
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.