Public Management

Côte d’Ivoire: The Port of Abidjan handled 22.556 million of goods in 2017 (+3.8%)

Tuesday, 27 February 2018 18:31

In 2017, the autonomous port of Abidjan handled 22.556 million tons of goods. A figure increase by 3.8% compared to that of the previous year (21.7 million tons). This was revealed by Hien Sié (photo), the port’s managing director, during the launch of the commercial year on February 26.

“This increase is due to a growth in domestic trade, which surged by 5.5% to stand at 19.3 million tons. The transit (ed:  from hinterland countries such as Burkina Faso, Mali, and Niger) also rose by 3% to stand at 2.02 million tons”, he said. He also revealed that the company also handled 663,601 tons of containers, this represents an increase by 4.4% on a year-to-year basis. 

The increase in domestic traffic was mainly driven by the exports of cocoa (+32%) and manganese (+149%) as well as cashew from Côte d’Ivoire.  Plus, the country recorded an increase in imports of rice and wheat.

For the record, the port of Abidjan is in a strong competition with other ports in the sub-region. Its authorities have announced significant investments estimated at CFA1, 100 billion (about $2 billion) in the 2018-21 period, in order to upgrade the infrastructures.

It should be noted that a series of works to extend the port had already been launched in October 2015. It includes the deepening of Vridi Canal pass, extending its depth from 12 to 16 meter to allow larger vessels to berth, modernization of the current wharves and fishing port, the construction of a mineral terminal and a second container terminal.

85% of the Estimated CFA560 billion (about $1 billion) required for the works was disbursed by Exim bank China and the construction group China Harbor Engineering Company (CHEC) was contracted to handle the works.

Hien Sié Yacouba also announced that the wharves would be commissioned in late March and works would be finished on Vridi terminal in August. It has also been revealed that the mineral terminal would soon be completed. Furthermore, a tender for the construction of a grain terminal is also planned for June.

First tuna port in sub-Saharan Africa, the port of Abidjan hosts nearly 50% of the Ivorian industries and mobilize more than 80% of the country’s customs revenue.

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
The Abu Dhabi roundtable yielded $16.4 billion in investment commitments. The IsDB and World Bank pledged over $3.3 billion in...
The new unified platform replaces the NIBSS Instant Payments system. It connects banks, fintechs, and mobile money operators for instant...
Nigeria implemented the National Payment Stack (NPS), a new unified infrastructure, to enhance digital payment interoperability. The NPS offers...
Burkina Faso successfully raised $230.8 million (CFA131.355 billion) through a regional public bond offering. The issuance was oversubscribed at...
Most Read
01

The Bank expects a 41% rise in 2025 and a further 6% increase in 2026. Gold topped $4,00...

World Bank sees precious metal prices staying high until 2027
02

Social media users accuse the UAE of backing Sudan’s RSF militia. Activists and celebrities c...

UAE faces backlash over alleged role in Sudan’s gold and arms trade
03

Ghana holds talks to address energy debt and tighten sector oversight New inspector, stricter...

Ghana Moves to Rein In $8.4 Billion Energy Debt with Stronger Regulation
04

COBAC raises bank capital requirement to 25 billion CFA francs from 10 billion Compliance dea...

CEMAC Regulator Quadruples Bank Capital Requirement, Matching Regional Trend
05

The World Bank forecasts a 21% annual increase in fertilizer prices. Urea, DAP, and potash pr...

Global fertilizer prices expected to rise 21% in 2025
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.