Last year, 239 companies obtained the green light to invest in Côte d'Ivoire under the provisions of the Investment Code in Côte d'Ivoire. Investments approved in 2019 amounted to about CFA729.7 billion, up 3.7% compared to the CFA702.9 billion ($ 1.1 billion) in 2018.
As a reminder, in 2017, the volume of approved investments was CFA466.2 billion ($791.3 million) according to data from the Center for Investment Promotion in Côte d'Ivoire (CEPICI).
However, during the period under review, only 63 of the 239 companies actually made their investments for CAF114 billion ($193.4 million). This generated 1,736 jobs created against 2,129 initially expected.
According to the Ivorian authorities, the government is making great effort to improve the business environment, including the creation of a single window for business creation, and the incentive measures taken to stimulate agricultural product processing companies.
According to the Ivorian Minister in charge of the promotion of private investment, Emmanuel Essis Esmel (pictured), “this improvement in the business climate has enabled Côte d'Ivoire to be ranked 110th in the world, 12 higher places in the Doing Business 2020 ranking, compared to the data published the previous year in the Doing Business Report.”
André Chadrak
Deposits grow 2.7%, supporting lending recovery Average loan sizes small, credit risk persists ...
Oil majors expand offshore exploration from Senegal to Angola Gulf of Guinea accounts for about 1...
Rwanda, partners break ground on $2 billion Kigali Innovation City Smart city targets ...
MTN is considering buying back telecom towers it sold years ago, signalling that control of infras...
The government is asking SOTEL and Airtel to amend a 2025 agreement The N’Djamena–Mberé route...
Heineken to cut 5,000-6,000 jobs globally by 2027 2025 sales volumes fell 1.2% amid weaker demand Company expects 2-6% operating profit growth in...
DRC to tender Tenke-Kolwezi-Dilolo rail rehabilitation in April 2026 Project costs estimated at $400-410 million World Bank confirms $500...
The IMF approved a $4.87 million disbursement to Comoros following the fifth review of its Extended Credit Facility (ECF) program. The four-year...
Cape Verde launched the “Strengthening Opportunities and Fostering Integration” project to support ECOWAS nationals residing in the country. ECOWAS is...
had relaunched the International Festival of Saharan Cultures (FICSA) in Amdjarass after a seven-year hiatus. Niger participates as guest of honor,...
Porlahla Festival ends third edition in Kouto, promoting Senufo culture Event draws regional and international participants, boosting cultural...