Public Management

Côte d’Ivoire: govt pumps CFA150mln into agriculture and farming

Côte d’Ivoire: govt pumps CFA150mln into agriculture and farming
Tuesday, 26 May 2020 11:12

The Ivorian government is investing CFA150.9 billion to boost the agricultural and farming sector amid the coronavirus pandemic. The decision was announced following a Presidential Council on the implementation of the economic social and humanitarian support plan initiated by the government to respond to the pandemic.

On the vegetal production segment, the investment targets cotton (CFA5.5 billion), cashew (CFA35 billion), rice (CFA12 billion), rubber tree (CFA25 billion), palm oil (CFA3.5 billion) and fruits (CFA10.5 billion).
Livestock production will receive CFA6.67 billion and funds will be allocated to pork production, small-scale fisheries, aquaculture, and the poultry industry.

The funding is part of a vast CFA250 billion project announced in April by the government to help the agriculture sector face the crisis. Agriculture is a key economic driver in Côte d’Ivoire, providing about 21.5% of GDP according to the World Bank.

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Africa’s ultra-wealthy population expected to rise 15% by 2031 Continent’s share of global wealth declines amid faster growth...
Togo holds talks with IMF and World Bank during Washington meetings Focus on tools to manage crises and protect vulnerable...
Bank exits non-sovereign shareholders to protect multilateral status Move aims to avoid losses in future sovereign debt restructurings Institution...
Awash Bank becomes fourth company listed on Addis exchange Move adds depth to a market launched in 2025 Listing reflects broader financial sector...
Most Read
01

(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
02

Mahindra & Mahindra is considering a CKD assembly plant near Durban to strengthen its presence i...

Mahindra & Mahindra Eyes Major Shift to Full Vehicle Assembly in South Africa
03

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 
04

BOAD exits BOA Bénin and Niger, sells stakes to Sonimex BOA Bénin posts growth; BOA Niger see...

BOAD exits BOA Bénin and Niger, Sonimex takes stakes as performance diverges
05

MTN Ghana launches crackdown on mobile money agent fraud Audits trigger warnings, suspensions...

MTN Ghana tightens controls on mobile money agents over fraud concerns
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.