Public Management

Côte d’Ivoire seeks US$1.1 bln for reforestation program

Côte d’Ivoire seeks US$1.1 bln for reforestation program
Tuesday, 10 May 2022 20:02

Within just 100 years, Côte d'Ivoire lost nearly 82% of its forest cover. From 16 million hectares in 1900, the country had only 2.9 million hectares in 2021. During the ongoing COP15, President  Alassane Ouattara announced a program to increase the cover to 5.9 million hectares by 2030. 

Côte d’Ivoire currently seeks US$1.1 billion to fund its reforestation program. The information was disclosed in an official release issued Monday, May 9. 

According to the release, Ivorian authorities hope to restore 3 million hectares of forests by 2030 thanks to "The Abidjan Legacy Program".

"The initiative promotes agroforestry and appeals to the private sector for the restoration of forest cover,” indicated President Alassane Ouattara. 

Sixty percent (60%) of the Côte d’Ivoire’s national territory is hit by drought and desertification. According to authorities, the rate is 90% in its northern regions. The situation negatively affects agriculture and agribusiness, causing migration and inter-community conflicts, the release explains citing the President of the Republic.

At least two institutions have already pledged support to the program.  The African Development Bank (AfDB) announced a US$500 million support while the Food and Agriculture Organization of the United Nations (FAO) will commit about US$20 million.

Jean-Marc Gogbeu

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Sanlam Maroc and Allianz Maroc approve merger, creating unified insurer Allianz Maroc absorbed; shareholders receive 5 Sanlam shares per 2 Deal...
African startups raised more than $272 million in February 2026, according to Africa: The Big Deal. Funding increased 56% from January, signaling...
KCB Group plans to acquire a stake in an Ethiopian bank as part of its expansion strategy. The investment depends on regulatory approval in Ethiopia’s...
New Kinshasa-based court granted exclusive jurisdiction and dedicated prosecutor Tribunal expected to begin operations within three...
Most Read
01

Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...

Togo Passes Law to Criminalize Counterfeiting of West African CFA Franc
02

Since its 2019 IPO, Airtel Africa paid Deloitte over $37 million in audit and non-audit fees,...

Airtel Africa and Deloitte: A Seven-Year Relationship, $37 Million in Fees and a Planned Handover
03

CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA trai...

Strengthening the Business Climate in WAEMU Countries: CCR-UEMOA Reviews Its Midterm Record
04

World Bank announces $137 million to boost West Africa digital economy Program expands broad...

Benin, Liberia and Sierra Leone Receive $137M to Expand Digital Access for 5.2 Million People
05

Tilenga oil project required land from 4,954 households in Uganda Over 99% of affected households...

Report details land compensation for nearly 5,000 households in Uganda’s Tilenga oil project
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.