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.
Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...
BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...
This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...
A $147M Novastar Ventures fund backed by major Japanese firms offers co-investment rights int...
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
Libya oil output reaches 1.43 million barrels per day Production nears pre-2011 levels as operations stabilize Oil dominates economy,...
Morocco renewable capacity doubles to 4,851 MW by 2025 Wind leads growth; solar expands, hydropower remains stable High energy import...
M-PESA evolves into major financial platform with 35 million users Telecoms, fintechs expand into banking, intensifying competition with...
EACOP pipeline reaches 82% completion ahead of planned 2026 launch Project to transport 216,000 barrels daily from Uganda to Tanzania Legal...
Sungbo Eredo, located in southwestern Nigeria near the Yoruba town of Ijebu-Ode, stands as one of the most remarkable yet overlooked monuments of...
“Dodji, l’Archet Vodoun” is a documentary about reconnecting with ancestral culture to understand one’s origins, following an initiation ceremony that...