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
• The structure relies on asset-based security and a local bank wrapper to mitigate airline risk.• Regional operators, such as Air Ghana, are already...
• The European Investment Bank (EIB) and the European Commission will provide a blended financing package worth up to €95 million ($110 million) to...
Yango Group, through its $20 million venture fund, has made a strategic investment in Zanifu, a Kenyan B2B fintech specializing in inventory...
The West African Development Bank held the first board meeting of its new foundation. Two thematic funds will target emergency solidarity and...

Most Read
01

• UAC of Nigeria acquired CHI Limited, known for Chivita juices and Hollandia dairy, from Coca-Cola ...

UAC of Nigeria Takes Control of CHI Limited, Former Coca-Cola Subsidiary
02

• AfDB chief Sidi Ould Tah met BOAD president Serge Ekué in Abidjan on Aug. 30.• Talks focused on jo...

AfDB, BOAD join forces to expand financing for West Africa projects
03

Côte d’Ivoire traced 40% of cocoa for 2024/25 season Most cocoa remains untracked due to info...

With 40% of Its Cocoa Traceable, Côte d’Ivoire Faces a Race to Meet New E.U. Standards
04

• World Bank raises 2025 growth forecasts for Benin, Mali, Burkina, Côte d’Ivoire• Senegal and Niger...

World Bank Revises Up 2025 Forecasts for Four WAEMU Countries, Amid Falling Inflation
05

IFC will provide up to $40 million to Banque Islamique du Sénégal (BIS) under a Mourabaha agr...

IFC Lends $40 Million to Senegal’s Islamic Bank to Triple SME Loans
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.