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
29 African currencies weaken amid Middle East war, oil surge Rising import costs, debt pressures fuel inflation, food risks Institutions urge...
New Casablanca-based firm targets M&A, capital raising, and strategic advisory Launch reflects rising demand for specialized financial advice in...
Bank of Africa proposes 1.091 billion dirham capital increase via bonus shares Board also suggests higher dividend of 5 dirhams per share Strong 2025...
BRVM plans first ETFs and derivatives on UEMOA market Delegation visits Nigeria’s NGX to learn from its experience Move aims to boost liquidity,...
Most Read
01

Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...

Flutterwave Secures Banking License in Nigeria, Joining Push by Fintechs Like Revolut, Wise
02

BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...

BCEAO Imposes June 30 Deadline to Complete Instant Payments Integration
03

This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...

Weekly Health Update | Africa Faces Health Supply Risks; DRC Ends Mpox Emergency
04

A $147M Novastar Ventures fund backed by major Japanese firms offers co-investment rights int...

Mitsubishi, Toyota Buy Options on Africa's Next Startups
05

EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...

EBID Charts Green Shift to Finance West Africa’s Growth
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.