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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 ?

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investing in c te d ivoire

INVESTING IN CÔTE D'IVOIRE

Cote D’ Ivoire Economic Promotion Bureau in USA, Canada and Mexico

www.speciamerica.org

slide2
Plan

•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?

why invest in c te d ivoire
Why invest in Côte d'Ivoire?
  • The macroeconomic framework is safe
  • Strong and sustained economic growth. The growth rate for 2012 was 9.8% (9% in 2013 and 10% in 2014).
  • Growth is driven by the secondary sector (12.1%) and the tertiary sector (12.9%).
  • Many reforms has been taken, to improve the spending of the government in a more transparent way, as well as the productiveness of the governance in the economic sector
why invest in c te d ivoire1
Why invest in Côte d'Ivoire?

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.

why invest in c te d ivoire2
Why invest in Côte d'Ivoire?

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.

why invest in c te d ivoire3
Why invest in Côte d'Ivoire?

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.

why invest in c te d ivoire4
Why invest in Côte d'Ivoire?

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.

what are the opportunities of investments in c te d ivoire
What are the opportunities of investments in Côte d'Ivoire?
  • The Agricultural and Agro-industrial sectors
  • Coffee and Cocoa
  • World first producer of cocoa (1,400,000 t).
  • Objective: to transform the productivity from 30% to 50%.
  • Coffee: to increase the production from(95 000t) to (300.000 t) by 2015.
  • Reforms : make the management sector more transparent and increase the pay and productivity of the producer.
what will be the measures to improve the climate of business in c te d ivoire
What will be the measures to improve the climate of business in Côte d'Ivoire?
  • The agriculture and Agro-industrial sectors
  • Oleaginous
  • 2nd producer in Africa (384 000 tons). The potential growth rate in this sector, over the period of 2011-2020, estimated to be 7% per year.
  • The objective is to increase the production to 650,000 tons by 2020
  • There are possibilities of installing the mini-oil mills of 3 to 6 tons/ hour in the peripheral areas of the village.
what are the opportunities of investments in c te d ivoire1
What are the opportunities of investments in Côte d'Ivoire?

1. The Agriculture and Agro-industrial Sectors

  • Cotton, Cashew-nuts and Textiles
  • Cotton: The objective is to promote the production of cotton fiber from 20% to 40% through the creation of new capabilities in weaving at least 15 000 tons per year.
  • Cashew Nuts: 2nd producer in the World, (340,000 t). The Objective, is to transform at least 50% of this production.
  • To realize the objective, the Government is currently finalizing the reform of the cotton sector - cashew nut.
what are the opportunities of investments in c te d ivoire2
What are the opportunities of investments in Côte d'Ivoire?

1. The agriculture and agro-industrial sector

  • Rubber.
  • African first producer (300,000 t).
  • Only 2% of this production is processed on-site. This sector represents a strong development sector and the rubber wood is a great quality.
  • Investment opportunities exist in the development of transforming natural rubber into finished products.
what are the opportunities of investments in c te d ivoire3
What are the opportunities of investments in Côte d'Ivoire?

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).

what are the opportunities of investments in c te d ivoire4
What are the opportunities of investments in Côte d'Ivoire?

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).

what are the opportunities of investments in c te d ivoire5
What are the opportunities of investments in Côte d'Ivoire?

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.

what are the opportunities of investments in c te d ivoire6
What are the opportunities of investments in Côte d'Ivoire?

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

what will be the measures to improve the climate of business in c te d ivoire1
What will be the measures to improve the climate of business in Côte d'Ivoire?

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.

what will be the measures to improve the climate of business in c te d ivoire2
What will be the measures to improve the climate of business in Côte d'Ivoire?

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.

what will be the measures to improve the climate of business in c te d ivoire3
What will be the measures to improve the climate of business in Côte d'Ivoire?

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).