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Burkina Faso Leads List of Foreign Investors in Côte d'Ivoire in 2023

CC BY-SA 4.0 / Eric browin / Ivory Coast's capital, AbidjanIvory Coast's capital, Abidjan
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According to the Côte d'Ivoire Investment Promotion Center (CEPICI), with economic growth of 7% in 2021, Côte d'Ivoire contributes 40% of the GDP of the West African Economic and Monetary Union (UEMOA), with an external trade volume of 35%.
Burkina Faso leads the list of foreign investors in Côte d'Ivoire in 2023, the Director General of the Investment Promotion Center in Côte d'Ivoire, Solange Amichia, said.
The country occupies this position with 11% of investments, the director general noted. According to Amichia, the sectors involved are cement, packaging and transportation.
The other key investors are: Turkey (7%); China, France, and Togo with 5% each, she said. Amichia emphasized that the sectors concerned by these investments are industry (52.20%), services (46.90%), and the agricultural sector (0.90%).
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She also announced that for the year 2023, a total of 25,429 companies were created on Ivorian territory, compared to 23,940 in 2022, with an average number of 101 companies created per day, compared to 13 companies in 2013.
In 2021, Côte d'Ivoire's economic growth of 7% resulted in the country contributing 40% of the GDP of the West African Economic and Monetary Union (UEMOA), alongside an external trade volume of 35%, the CEPICI said.