Public Management

Côte d'Ivoire sees surge in business growth and investment in 2023

Côte d'Ivoire sees surge in business growth and investment in 2023
Tuesday, 27 February 2024 04:12

In line with the National Development Plan (PND) 2021-2025, Côte d'Ivoire aims to raise CFA59 trillion in investments, largely supported by the private sector. The Investment Promotion Agency of Côte d'Ivoire (CEPICI), serving as the country's one-stop shop for investment, has committed to contributing 20% of these private investments.

During its financial review conference on February 22, CEPICI announced a notable achievement with over CFA1000.15 billion in approved investments, marking a 6% increase from the previous year and significant growth compared to 2021.

According to General Director Solange Amichia, this success stems from a targeted strategy aligned with the national strategy established by the government. "We first identified countries most active in foreign direct investments and then focused on key sectors that align with the guidelines of the National Development Plan, which sets our sectoral priorities," she said in an exclusive interview set to appear on Agence Ecofin.

The number of new businesses has also seen a substantial increase, reaching over 25,429 last year, thanks to initiatives aimed at promoting small and medium-sized enterprises (SMEs). This has resulted in the number of businesses created daily rising from 13 in 2013 to 101 in 2023.

With the PND 2021-2025, Côte d'Ivoire plans to raise CFA59 trillion in investments, predominantly supported by the private sector. CEPICI has pledged to make a significant contribution, accounting for 20% of these private investments.

The growth in business creation and the increase in approved investments highlight the country's commitment to fostering an environment conducive to economic growth and development. Through targeted strategies and sectoral focus, Côte d'Ivoire is making strides toward achieving the ambitious goals set out in its National Development Plan.

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
South Africa’s Happy Pay raises $5 million to expand BNPL services Funds to boost partnerships, technology, and fraud prevention...
Boston Consulting Group estimates Africa’s creative exports could reach $140–150 billion by 2030. The sector currently generates $59...
Ivory Coast outlined eight budget priorities focused on reforms, performance, and revenue mobilization. Authorities aim to complete the IMF-backed...
(SOUTHBRIDGE) - SouthBridge Investments announced its selection, for the second time, as an Emerging Impact Manager (EIM) in the ImpactAssets 50® (IA 50)...
Most Read
01

Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...

Telecel Ghana plans 150% investment increase in MTN-dominated market
02

Namibia and Russia agreed to expand cooperation across energy, mining, and agriculture. Both coun...

Namibia and Russia Expand Economic Cooperation Across Key Sectors
03

Four years after Russia’s 2022 invasion of Ukraine, the fertilizer market is facing a new shock as m...

Hormuz Tensions Rattle Fertilizer Markets, Adding Pressure to Global Food Supply
04

Cameroon signs MoUs for $1.5 billion waste-to-energy projects Plans target waste treat...

Cameroon Signs $1.5 Billion Waste-to-Energy MoUs Amid Urban Sanitation Strain
05

Côte d’Ivoire raises 110bn CFA francs, meeting full target Investor demand hits 291bn CFA fra...

Côte d’Ivoire Raises $193 Million as Banks Drive Demand for Short-Term Bills
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.