Public Management

Côte d’Ivoire Signs $6.4bn in Investment Deals at SIREXE

Côte d’Ivoire Signs $6.4bn in Investment Deals at SIREXE
Wednesday, 04 December 2024 11:58

In recent years, Côte d’Ivoire has attracted numerous investments in the extractive sector. At the first edition of SIREXE, the country secured several partnerships to boost the growth of this sector.

Côte d’Ivoire secured nearly CFA4 trillion (around $6.4 billion) in investment contracts during the first edition of the International Exhibition of Extractive and Energy Resources (SIREXE). This was announced by the Deputy General Commissioner of SIREXE, Aka Mireille Chiniango, in a statement on December 1, 2024.

One notable agreement was signed between the Italian energy giant Eni and Côte d’Ivoire’s Minister of Mines, Petroleum, and Energy for the acquisition of four new deep-water exploration blocks. Additionally, Eni partnered with the Ministry of Water and Forests on a project to restore 14 Ivorian forests covering 155,000 hectares in the Lagunes and Comoé regions.

Another major partnership was formed between Petroci Holding, Côte d’Ivoire’s state-owned hydrocarbons company, and Angolan oil giant Sonangol. Together, they plan to finance, build, and operate an integrated logistics service base in Abidjan.

A new Mining Investment Fund was also established to raise resources for supporting mining companies and their subcontractors. This initiative aims to boost worker and community involvement in developing the sector.

Côte d’Ivoire, rich in natural resources such as gold, oil, nickel, and lithium, has seen significant investments in its extractive industries in recent years. These investments have increased the sector's contribution to the national economy, with extractive revenues reaching CFA372 billion (about $595 million) in 2023, according to the Ministry of Mines, Petroleum, and Energy.

In November 2023, Côte d’Ivoire launched the “Low Carbon Transition” project to strengthen its climate commitments and reduce greenhouse gas emissions.

On the same topic
Ecobank’s 2025 results reflect the shift of a pan-African bank toward a more profitable, disciplined and long-term-oriented model. At 40, the challenge is...
Africa Re reports net profit of $199 million in 2025, up 50.62% year-on-year. Investment income reaches record $114 million while FX losses...
Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchise. Transaction may alter Servair Abidjan revenue...
Africa’s ultra-wealthy population expected to rise 15% by 2031 Continent’s share of global wealth declines amid faster growth...
Most Read
01

Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...

Enko Capital Buys Burger King Côte d’Ivoire in Servair Restructuring
02

(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...

EBID makes giant strides for a green transition in west africa
03

As the Japanese automaker faces global headwinds, it is doubling down on its operations in Egypt, ai...

From South Africa to Egypt: Why Nissan is reshaping its African strategy
04

Mobile phones have become essential tools for work, education, payments and staying connected across...

EU Mandates Removable Phone Batteries. What It Means for Africa’s Device Market 
05

Africa produces what it doesn’t consume, and consumes what it doesn’t produce. That stark line captu...

“Private Investors Are Not Philanthropists: Risk Must Be Shared” — Tarek Toko Chabi, BOAD
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


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.