In line with its 2021-2025 National Development Plan, Côte d’Ivoire has signed several cooperation agreements with Canada to implement development projects, improve the well-being of its population and stimulate sustainable and inclusive growth.
Côte d’Ivoire and Canada recently signed a CFAF25 billion memorandum of understanding for development projects. The agreement was announced by the Ivorian government on Wednesday, April 26.
The memorandum of understanding is mainly aimed at strengthening the friendly relationship between the two countries and creating a framework for structured dialogue between the ministries in charge of development in both countries. It is accompanied by nine project protocols that are structured around four priority areas, namely: health, inclusive growth, education, and governance.
In line with Côte d’Ivoire’s 2021-2025 national development plan, the projects aim to support the government in the improvement of the population’s living conditions and the continuation of development efforts.
"This agreement is the tangible demonstration of Canada's commitment to complementing the efforts of the Ivorian government through the formulation and implementation of development projects," said Ms. Kaba Nialé, Minister of Planning and Development.
Côte d’Ivoire is one of the most dynamic economies in Africa. It has shown resilience to the recent economic shocks that hit it and recorded a 7% growth in 2021, compared to 2% in 2020. Despite the lingering effects of these shocks, Abidjan remains on a positive economic trajectory. According to the World Bank, the country should make more investments in new sectors likely to create wealth and jobs and be beneficial for women and the most vulnerable segments of its population, living in the most remote rural areas.
During the Consultative Group to Assist the Poor in mid-June 2022, in Abidjan, Canada committed to contributing CFAF60 billion ($100 million) over 2021-2025 to support the efforts of the Ivorian government.
Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...
Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...
Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...
From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...
Standard Chartered arranges $2.33 billion for Tanzania railway project Funding support...
Project targets up to 1 million tons of output using solar and wind Initial investment estimated at $5 billion, with expansion potential Plan...
Ghana rolls out Publican AI at Tema Port, with early revenue rising from GH₵2.4bn to GH₵3.6bn after deployment System flags undervaluation and fraud...
Rice is deeply rooted in diets but demand now far outpaces local supply Production has increased across the region, yet value chains remain...
Government launches plans to improve data use and public services Strategy aims to support responsible use of artificial intelligence Move...
UK museum to return 45 Botswana artifacts after 150 years Items collected in 1890s; restitution follows Botswana request Return tied to...
The history of Kerma stretches back several millennia. Located in what is now northern Sudan, the site was inhabited as early as prehistoric times....