INVESTING IN CÔTE D'IVOIRE. Cote D’ Ivoire Economic Promotion Bureau in USA, Canada and Mexico www.speciamerica.org. Plan. •Why invest in Côte d'Ivoire? • What are the investment opportunities offered by The Republic of Côte d'Ivoire ?
Cote D’ Ivoire Economic Promotion Bureau in USA, Canada and Mexico
•Why invest in Côte d'Ivoire?
•What are the investment opportunities offered by The Republic of Côte d'Ivoire?
•What are the reforms undertaken to improve the climate for foreign investors?
2. Côte d'Ivoire is an immediate access to the ECOWAS market. (A market of 300 million potential consumers).
3. An effective socio-economic infrastructure:
Infrastructure relatively developed; compared to other West African Nations, with a road network of 82.000 Kilometers.
Second largest Port in Africa
A modern international airport with an extensive network of routes offering connections to Europe, Africa and the Middle East.
4. A qualified abundant competitive Labor Market
The Ivorian population is relatively young. (Median age is 20 years, with an active population of 9 million)
Cote d’ivoire has the best schools in West Africa (INP HB)
5. An ambitious National Development Plan was adopted by the Government
17 billion Euros of investment was identified by the Government over the periods 2012-2015.
6. Availability Of A Free Zone
Which expend over 680 Hectares. Ivory Coast offers an exceptional investment opportunity in the real estate, industry, research, services and (capacity-building).
Integrate an attractive economic environment, offers to national and multinationals companies.
A way to reduce the digital divide is to by bring, Cote d’ivoire and the sub-region to the economy of the 3RD Millennium.
A financial sector in full reform
•the most developed financial sector in the ECOWAS region (25 commercial banks with approximately 497 branches, agencies and, 3 credit institutions.
•National strategy to develop the microfinance sector has been adopted by development partners.
•Activity levels at the Regional Bourse des Valeurs Mobilières (BRVM) is dominated by the Ivorian companies, which has records positive trend as a whole.
1. The Agriculture and Agro-industrial Sectors
1. The agriculture and agro-industrial sector
2. The Livestock and the Fishing sector
Only 54% of the consumption of meat is covered(110,000 tons per year)
Only 10% of the consumption of milk is covered (225 000 tons per year)
Only 31% of the annual consumption of fish is covered (200 000 to 250 000 tons).
These coverage rates show the importance of the existing potential market.
Côte d'Ivoire is the first African exporter of canned tuna and the second largest in the world (50,000).
3. Mining and energy sector
Among these: Iron, gold, diamond, nickel, manganese, tantalite, bauxite, copper, tungsten. Only gold and diamond are exploited.
The feasibility studies for the exploration of various mineral deposits are available.
50,000 barrels oil production per day. (the potential of the production is estimated to be more than 19.400 million barrels.
Many blocks are waiting for explorations.
Côte d'Ivoire produces 110 million feet cubic per day of natural gas (the potential is more than 25 400 billion cubic feet).
4. The tourism sector
The potentiality in tourism is rich and varied. Many investment opportunities exist in the creation of infrastructure, and to develop tourism products and different type of tourism (religious, seaside, cultural, sports...).
5. The Housing Sector
The annual need for housing is estimated at 25 000-30 000 in Abidjan and in the cities.
6. The National Development Plan (2012-2015)
Peace and social cohesion:83 billion FCFA
Agriculture, Animal and Fishery resources:940 billion FCFA
Transport and infrastructure :2, 819 billion CFA FRANCS
Trade:185 billion FCFA
Tourism:29 billion FCFA
Education:290 billion FCFA
Environment and sustainable development:43 billion FCFA
Governance:270 billion FCFA
Mines:608 billion FCFA
Hydrocarbons:622 billion FCFA
Energy:610 billion FCFA
A new and lucrative investment Code.
Creation of one-stop shop. Specifically for formalities of enterprises, which is operational and can reduce the formalities in less than 48 hours.
Tax benefits (total exemption from value added tax, VAT during the investment phase)
A new code of public contracts (2009) and an independent regulatory entity referred as “Authorite Nationale De Regulation des Marches Publics (ANRMP)” National Authority For Public Market’s Regulation is to make the management and the public contracts more transparent.
creation of a single window of foreign trade(One-stop-shop), operational since July 2013
2 Make the justice department more transparent and efficient.
Rehabilitation of the courts;
Creation of courts of Commerce: to ensure a better arbitration and the private sector’s affairs the Government has adopted in 2012 a decree establishing the commercial courts and the law on enforcement of arbitral decisions, to facilitate the settlement of trade disputes.
3. Support to the private sector
Creating and strengthening the structures of support to the private sector;
Creation of a Consulting Committee between the State and the private sector, chaired by the Prime Minister
Further efforts for the clearance of Interior arrears;
Regular payment of the capital investment within a period of 90 days.
4. Fight against corruption and improve security
Creation of an anti-corruption police.
Creation of a unit to fight against racketeering and hassles on the roads.
Creation of the Command center on operational decisions (CCDO).