The Ivorian government has announced an ambitious investment plan worth 38,000 billion CFA francs, about 66 billion dollars, to develop the mining, oil and energy sectors and raise their contribution to the national economy to nearly 14% of gross domestic product by 2040, from 7% in 2025.
The plan, known as the "integrated policy for mineral and energy resources", relies on the private sector to provide 88% of the required financing, against 12% for the public sector, with a focus on developing infrastructure, strengthening local processing and increasing the added value of natural resources.
According to China's Xinhua news agency, the planned investments are spread over three phases: 11,000 billion francs between 2025 and 2029, 21,000 billion between 2030 and 2035, then 6,000 billion over the 2036-2040 period.
