Côte d’Ivoire: Leading Economic Power in UEMOA – FADIK 2023 and National Development Plan

2023-12-17 01:42:57

Côte d’Ivoire, the leading economic power in UEMOA, benefited this Saturday, December 16, 2023 from a Day dedicated to the country, on the occasion of the 31st edition of the Dakar International Fair (FADIK 2023).

This forum served, for actors in the Ivorian private sector, as a platform to promote business partnerships and encourage the diversification and increase of trade flows with Senegal and other African countries.

The Ivorian Minister of Commerce and Industry, Souleymane Diarrassouba, who led the state delegation, welcomed this opportunity which aims to promote the cultural and creative industry, as well as Ivorian know-how.

This day, he will say, beyond representing a platform for exhibiting the products and services offered by the industrial, financial, technological, artisanal and commercial companies established, allows the creation of business networks and the capture of markets.

“As you know, the Ivorian government has placed at the heart of its 2021-2025 National Development Plan the promotion of a strong, dynamic and innovative private sector, with a framework for developing competitive partnerships,” he said. recalled.

This plan, amounting to 59,000 billion CFA francs, identifies the private sector as a lever for inclusive and sustainable growth in Côte d’Ivoire, with a contribution of 75% devoted to the private sector.

Today, Côte d’Ivoire is aiming, through the PND, for a structural transformation of its national economy through industrialization. The country has thus developed seven priority clusters, namely agro-industry, packaging, construction materials, pharmaceutical industry, textile industry, assembly, assembly of spare parts and automobiles, chemistry and plastics processing.

Côte d’Ivoire has enormous potential in many sectors including agriculture, agro-industry, ICT, energy and infrastructure. The country’s agricultural performance is remarkable.

The world’s leading producer of cocoa, Ivory Coast represents 40% of the world’s supply. The country is also the world’s leading producer of cashew nuts with nearly 1 million tonnes of cashew nuts in 2022.

In terms of the rubber sector, Côte d’Ivoire has risen to 1st place in Africa with more than 955,000 tonnes of dry rubber produced. To increase the added value of agricultural sectors, the government encourages the development of processing units.

To ensure competitiveness in the private sector, the Ivorian State has put in place incentive measures to facilitate access to raw materials, notably cocoa, cashew nuts, rubber trees, cereals and oilseeds, at attractive prices. and promote the processing of agricultural products.

“The country also has good energy performance with a capacity of more than 2,300 MW. In September 2021, a major oil discovery was made in the Ivory Coast sedimentary basin with an estimated potential of 2.5 billion barrels of crude oil and 3.3 billion cubic feet of associated natural gas,” he noted.

In addition, the country has significant assets facilitating private investments, mentioned the Minister of Commerce and Industry, mentioning a road network of more than 82,000 km of interurban roads, a railway network of more than 6,500 km which will benefit from a 37 km long metro line.

Furthermore, the country has a booming telecommunications network, three international airports, two deep-water ports, notably in Abidjan and San-Pedro (South-West) and a workforce estimated at more than 16 million people out of more than 29 million inhabitants.

Concerning the hotel industry currently booming, Minister Souleymane Diarrassouba also highlighted that “Côte d’Ivoire aims, in fact, to be the 5th African tourist destination in 2025, with the implementation of the Strategy Sublime Ivory Coast. »


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