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
BICEC ranked first in Cameroon for new credit issuance with a 17.60% market share in Q1 2025. Banks increased total new lending by 28.72%...
Benin plans to launch a national financial complaints platform by the end of the first quarter of 2026. OQSF-Benin will manage the platform with...
WAEMU states raised record 11.9 trillion CFA francs in 2025 Bond issuance surged as governments faced rising financing needs Investors increasingly...
Togo projects tax revenue up 10.8% in 2026 budget Taxes to supply over 82% of total state revenue Government relies on taxation as main budget...
Most Read
01

Togolese banks provided 16.2% of WAEMU cross-border credit by September 2025 Regional cross...

Togo accounts for 16.2% of cross-border bank financing in WAEMU
02

Nigerian fintech Paystack launches Paystack Microfinance Bank Bank created after acquiring ...

Stripe-Owned Paystack Enters Nigerian Microfinance Banking Via Acquisition
03

Microfinance deposits in Togo increased by CFA11.9 billion, a 2.7% rise in the second quarter of 2...

Microfinance: Deposits in Togo Rise 2.7% in Second Quarter of 2025
04

Nigeria granted Amazon Kuiper a seven-year license starting February 2026 The move opens comp...

Amazon wins approval to enter Nigeria’s satellite internet market
05

Tether partnered with the United Nations Office on Drugs and Crime to strengthen digital asset cyb...

Tether and UNODC Launch Digital Asset Cybersecurity Initiative in Africa
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.