Invest in Cote d'Ivoire
Côte d’Ivoire has an abundance of investment opportunities in the agricultural, industrial (agribusiness, mining, oil, gas, energy), services and infrastructure. Moreover, the liberalization of the audiovisual space with freedom of the press and the telecommunication sector also offers investment opportunities.
Côte d’Ivoire has achieved remarkable results in the field of agriculture. The development of this field toward both export and import makes several African country envious of our program.
Crops of cocoa and coffee alone occupy more than 75% of the farmland mostly cocoa (56%). Today, Côte d’Ivoire is the first 3rd producer of coffee cocoa in the world and 1st in Africa (le partie francaise aussi a besoin d’une correction par ce que elle n’est pas correcte).
This area offers the following opportunities: In 2002, coffee production was 300,000 tons with about employing 440,000 farmers on 1,300,000 hectares. But production has declined in recent years, reaching its lowest level in 2008. But in 2009 coffee industry was revived due to good weather and orchard maintenance. Production in 2009 reached 144,716 tons against 67,610 tons in 2008.
The annual production of cocoa Dropped of 12.8% in 2008 to later increase of 14.7% and amounted to 1,304,494 tons in 2009. This production is supported by approximately 600,000 hectares of plantation operator 2,500,000 with an average yield of 500 to 600 kg / ha. CThe cocoa cultivation system most widely used in the western forest area of the country is of small family farms with size ranging between 1 and 1.5 ha.
Two types of operations: – Palm oil Industrial operations are beneficial technical and financial resources. They belong to large agro-industrial groups. The average yield is 10 t / ha. – The village farms, benefiting Small scale farming, using traditional equipment represents 75% of the total area (200,000 hectares) of the Ivorian palm farming. The yield is about 5 to 7t/ha. In 2004, production was 1,378,826 tons and 292,278 tons of crude palm oil. In 2009, she was 394431.6 tons of palm oil which is a growth rate of 9.8%.
The rubber production is classed into two groups: there are industrial plantations belonging to large private companies and out growers and the traditional small scale farms. The average yield of dry rubber obtained on all plantations are around 1.2 t / ha for village plantations and 1.7 t / ha for industrial plantations contrary of the 2 to 2.5 t / ha obtained suggested by research. The total area of 110 000 ha of rubber tree farmed is occupied by around 53% of industrial plantations and smallholdings 4.7%. Rubber production increased by 4.1% and reached to 202,094 tonnes in 2009 due to the expansion of farmland areas and also due to an increase in rubber price. The future of this product relies on investments, maintenance of farmland and the improvement of the cultural practices.
Cotton is grown on nearly 300,000 hectares mainly in the nothern savana. It employs around 150,000 farmers each year. Fiber production reached a record high of 177,000 tons in 1999/2000 with an average ginning of about 43.50% rate which is classified among the best shelling in the world. Today, production is revived by state subvenions to producers lifting it a record hgh of 140,611 tons.
Sugarcane production in Cote d’Ivoire is mainly industrial. Farming is conducted in pure culture with irrigation. In 2009, production rose by 8.8% reaching 168,414 tons. This production record was mainly the result of two agro-industrial companies innovative techniques.
Cashew is grown in the northern half of Côte d’Ivoire. Areas sown are small generally between 0.5 to 4 ha. Approximately 250,000 farmers grow this crop on a set of 750 000 ha. 2009 production rose by 9% and is 340 318T. However, the yields of between 240 and 600 kg / ha, are still far from the performance recorded in countries like Guinea Bissau, where it reaches 1200 kg / ha. This cons-performance is due to the non-use of large-scale and efficient equipment selected.
Cultivation of pineapple is due to smallholders and large agro-industrial groups. Small farmers have very limited financial resources and are installed on small farms (0.5 to 1 ha). Production in 2009 to fall by 21.3% to 77. They produce 60% of pineapple exported. The average yields are 25 to 30 t / ha. Large agro-industrial groups, with material resources and financial resources, exploit areas usually greater than 50 ha. Their high level of sophistication allows them to reach 50 t / ha close to the current varietal potential (60 t / ha). 776 T.
Current production is mainly provided by large agro-industrial groups representing multinational banana. These groups practice intensive cultivation with important means: installation of irrigation system, supply of inputs (fertilizers and pesticides) and can come into compliance with the new regulations on international trade. Production has almost doubled over the period 1997 to 2004 from 116,000 tons / year to 229,000 tons / year on areas increasingly reduced (100.00 ha in 1977 to 6,000 ha in 1999). In 2009, she recorded a withdrawal of 2.8% and amounted to 285,602 T. Both speculations are faced with the lack of investment, but also with strong competition from Latin American countries.
The ornamental horticultural
The ornamental Ivorian current concerns plants (1,200 tons), cut flowers (2,000 tons) and foliage. The sector has developed through private initiatives. There are two categories of operators: operators in the large number of 17 720 hectares and 20 outdoor acres in nurseries and small producers to the number 43, grouped in a cooperative called FLORACI, operating approximately 140 hectares . The annual export is estimated at 1,300 tons. Ornamental horticulture is practiced in the southern half, especially in the outskirts of Abidjan.
The ongoing work of the master plan for industrial development (SDI program being supported by UNIDO and ADB) highlight a huge agricultural potential underutilized by the processing industry. The rate of transformation of higher raw materials is estimated at about 20% in the cocoa and coffee for 8% against less than 5% in other sectors. Intensification and diversification of productive activities in this area but also in the intermediate sectors (packaging, building materials, spare parts, etc..) may be a potential for development of private investment.
THE MINING INDUSTRY AND OIL
The mining sector is experiencing a resurgence of activity. With more than 1% of GDP Ivorian mining sector are becoming.
In addition to manganese, which is by far the most exploited mineral resources, including gold deposits only 2 out of 10 are operated, nickel, diamonds, iron, cobalt and tantalite are part of an ambitious ten-year plan 2010 -2012 in preparation since 2009.
The Ivorian government aims annual production of 21 tons of gold, a million carats of diamonds, 24 million tons of iron …
This area is full of large and diverse opportunities:
- Project Nickel and iron Biankouma and Touba
- Operation of the Ity gold mine in Zouan Hounien
With its reserves of oil and gas estimated at 100 million barrels and 30 billion m3, the hydrocarbon sector begins to take an important place in the Ivorian economy. This sector is a source of growth and offers opportunities for investment.
Exploration / Production
Eight (8) exploration blocks still available.
Extension of the refinery in Abidjan (an increase of 30% of current capacity);
Construction of a multi-product pipeline at sea
Storage / Transport
Increase the storage capacity of gas;
A pipeline of petroleum products Abidjan Bouake.
Extension of the distribution of natural gas to industries;
Construction of service stations in the shadows.
Promoting the private sector is a transversal action, involving many departments, each capable of contributing to the improvement of the business environment, and thereby to promote the emergence of a strong private sector, dynamic and competitive. Côte d’Ivoire has a portfolio of projects with high profitability. These include:
No agro-industrial sector
Unit of recycling of waste plastics for the manufacture of packaging,
Unit recycle cardboard and paper,
Unit-based paper production waste cellulosic
Unit recycling broken glass used,
Unit for producing hollow glassware and pressed,
Channels of pharmaceutical and pharmaceutical products
Production unit extracts African flavors “Project Afriparfum”
Production unit extracts African flavors “Project Afriparfum”
Production unit Ivorian food fortification “Project Foralivoire”
Pharmaceutical excipients unit “Project Medexip”
Mobile unit extraction of essential oils from medicinal plants “Project Mobilhuile”
The capital goods sector
Unit of industrial production of sulfuric acid.