Friday, 08 September 2017

Côte d’Ivoire ranks sixth in Africa in new projects financed by foreign capital

Côte d’Ivoire ranked sixth in Africa in 2016 in terms of new projects financed by foreign capital, with a total of 33 projects. This figure, up by 27%, makes Côte d’Ivoire the third best performer behind Algeria (+42%) and Tunisia (+60%). Côte d’Ivoire benefited from $747 million in new capital for projects, resulting in the creation of 3,787 new jobs. In 2016, Morocco and France provided the most foreign direct investment for new projects in Côte d’Ivoire, with France first in terms of the number of new projects supported (nine in total), and second in terms of capital injected ($108 million). The United States contributed $22 million to three projects.