Ivory Coast is the largest producer of cocoa beans in the world. Improving cocoa production requires significant investment in critical infrastructure.
Named for the elephants that once roamed its countryside, Côte d'Ivoire (Côte d'Ivoire) was credited last year with being the world's largest exporter of cocoa beans, and the country now boasts the largest economy in the Economic Union and West African Monetary Fund.
However, the economy remains predominantly market-based and relies heavily on agriculture. In June, Prime Minister Patrick Achi said he was working to tackle deforestation and the use of child labor to ensure his cocoa could continue to be exported to the European Union (EU), its most important market.
Earlier this year, the Ivorian Ministry of Mines, Petroleum and Energy and Côte d'Ivoire Energies (CI-ENERGIES) issued a prequalification request for the plant design financing, construction and operation contract Laboa 30MV photovoltaic worth $ 41 million.
African development finance company Financing Access has two upcoming projects for Ivory Coast with a combined value of $305 million. The company promotes public-private alliances based on private financing. It identifies its vocation as producing green energy for cities and industrial facilities, farmers and other actors within the agro-industrial value chain.
On a significantly smaller scale, Ivory Coast agro-industrial group Sociedad Africana de las Plantas de Hevea (SIFCA) has a $ 31 million project under construction. The company specializes in the three promising areas of the African economy, namely oil palm, cane sugar and natural rubber. It intervenes in the entire production chain from the exploitation of plantations, the transformation of raw materials and marketing.