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Economic News

Côte d’Ivoire’s Oil Production Reaches 80,000 Barrels per Day, Government Targets 500,000 by 2040

Côte d’Ivoire’s oil production has reached an average of 80,000 barrels per day in 2026, marking a significant milestone as the West African country seeks to expand its position in the regional energy sector.

The figure was announced on November 9 by Bienvenu Esse, director general of hydrocarbons, during the official p...

Published on Nov 11, 2026

Côte d’Ivoire’s Agricultural Sector Posts Mixed Results in First Half of 2026

 
 

Côte d’Ivoire’s agricultural sector recorded contrasting performances in the first half of 2026, with cocoa and dessert bananas posting strong production growth while coffee and cashew output declined.

According to data from the National Agency for Statistics (ANStat),...

Published on Nov 11, 2026

Côte d’Ivoire Unveils 38 Trillion CFA Francs Plan to Transform Mining and Energy Sectors

 
 

Côte d’Ivoire has launched a 38 trillion CFA franc ($68 billion) integrated policy aimed at making the mining, hydrocarbons and energy sectors a second major pillar of its economy alongside agriculture by 2040.

The Integrated Mineral Resources and Energy Policy (PIRME) was o...

Published on Nov 10, 2026

Côte d’Ivoire Sets Five Strategic Goals for Mining and Energy Sectors by 2035

 
 

Côte d’Ivoire has outlined five strategic priorities for its mining and energy sectors, including increasing local participation in the extractive industries, strengthening energy sovereignty and becoming a leading regional energy exporter.

Mines, Petroleum and Energy Minist...

Published on Nov 10, 2026

Côte d’Ivoire Targets 11,400 MW of Installed Power Capacity by 2040

 
 

Côte d’Ivoire plans to increase its installed electricity generation capacity to 11,400 megawatts (MW) by 2040, up from 3,337 MW in 2026, under its Integrated Mineral Resources and Energy Policy (PIRME), the government announced on November 9.

The strategy also aims to ensur...

Published on Nov 10, 2026

Africa's clean energy fund targets $15.6 billion in investment with $405 million in financial commitments

The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank (AfDB), is seeking to mobilise $15.6 billion in additional investment for clean energy projects across the continent, building on $405 million in financial commitments.

The fund aims to use its financing to attract additional capital from private inves...

Published on Nov 07, 2026

Côte d’Ivoire expects cotton production to rebound in 2026/2027, but fall short of industry target

Côte d’Ivoire expects cottonseed production to reach 352,300 tonnes in the 2026/2027 season, according to forecasts presented on November 3 in Abidjan by Agriculture Minister Bruno Nabagné Koné.

The projected output represents an increase of approximately 13.5% from the 310,307 tonnes recorded in the 2025/2026 s...

Published on Nov 07, 2026

Côte d’Ivoire inaugurates a new 390 MW thermal power plant in Jacqueville

 
 

Prime Minister Robert Beugré Mambé officially inaugurated the Atinkou thermal power plant, located in Jacqueville, on Friday, November 6, 2026. The ceremony brought together several government officials, including the Minister of Mines, Petroleum and Energy, Mamadou Sangafo...

Published on Nov 07, 2026

Côte d’Ivoire: Fortuna Mining invests $109 million to boost production at Séguéla gold mine

Canadian mining company Fortuna Mining has approved a $109 million investment to expand the processing plant at its Séguéla gold mine in northwestern Côte d’Ivoire, with the aim of increasing annual production to more than 200,000 ounces from the second half of 2028.

The expansion will increase the plant’s...

Published on Nov 06, 2026

Japan provides $78 million loan to Côte d’Ivoire for three Abidjan interchanges

Japan has agreed to provide Côte d’Ivoire with 48.4 billion CFA francs (approximately $78 million) in additional financing for the construction of three interchanges in Greater Abidjan, as the West African country seeks to ease traffic congestion and improve urban mobility.

The financing agreement was signed on November 4 in...

Published on Nov 05, 2026

Côte d’Ivoire: PETROCI ships first crude cargo after taking over operations of Espoir oil field

Côte d’Ivoire’s state-owned oil company PETROCI has completed its first crude oil shipment as operator of the Espoir offshore field, marking a new phase in the country’s efforts to strengthen its role in the management of its petroleum resources.

The first crude lifting was carried out on October 31 by PETROCI CI-...

Published on Nov 05, 2026

Côte d’Ivoire: Seven Local Banks Commit CFA148 Billion to Build Resolute Mining’s Doropo Gold Mine

Côte d’Ivoire’s banking sector is taking a larger role in financing the country’s expanding mining industry. Seven local banks have committed CFA148 billion (approximately $260 million) to support the construction of the Doropo gold mine in the country’s northeastern Bounkani region, in a project led by Australian m...

Published on Nov 04, 2026