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
The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...
Ethiopia agreed in principle with investors holding over 45% of its $1 billion eurobond due 2...
Creditinfo licensed to operate credit bureau across six CEMAC countries Bureau to collect b...
Flutterwave acquired Nigerian open banking startup Mono in an all-share deal valued between $...
Togo passes new law tightening anti-money laundering and terrorism financing rules Legislat...
2026 budget introduces a 25%–35% cut in the annual forestry fee Incentive targets certified operators to curb illegal logging Past underreporting cost...
EBRD approved a senior loan of up to 350 million Egyptian pounds ($7.4 million) for Ridgewood for Water Desalination. The project will add...
Zambia withdraws its request for a 12-month extension of its IMF lending program worth about $145 million in additional funding. The IMF confirms...
Africa’s energy & mining exports benefit from US tariff exemptions, cushioning trade as most other sectors face sharp contraction in 2025. Power, gas,...
The Sundance Institute selected three African films from more than 16,000 submissions across 164 countries. The 2026 festival will run from January 22...
Organizers opened submissions for the sixth Annaba Mediterranean Film Festival from Jan. 8 to Feb. 28, 2026. The festival accepts feature films, short...