Investment Opportunities in Ivory Coast
Investment opportunities in Ivory Coast
The economy and the government of Ivory Coast is based on the liberalism which promotes the private initiative, the mechanisms of market and the opening to the capital and foreign trade. Ivory Coast holds the position of the world’s largest cocoa producer and the world’s third largest coffee producer and the two products alone represent more than half of the income of the country’s export. The other key products of exports are wood, rubber, palm oil and banana exports oil and gas. Foreign investment holds an important position in the Ivoirian economy and accounts for between 40% and 45% of total capital in Ivoirian firms. France is overwhelmingly the most important foreign investor.
Real Estate Sector:
With the coming in of stability in Ivory Coast there is a huge and viable requirement property. There is a wide gap between the supply and demand which has become more and more apparent with each passing year soon impeded efforts to promote building. To alleviate this problem and counteract the illegal squatting and precarious neighbourhoods , the Ministry of Construction and Urbanism recently launched an operation to improve the supply of a wide range of land in urban areas so as to make them more accessible. Thus there is an opportunity for investment in this sector.
Ivory Coast is aiming to triple its rubber production by 2025 .The Natural rubber plantation in Ivory coast , the continent's top producer, reached 200,000 tonnes in 2008, up from 188,500 in 2007.The farmers are confident that price support measures will keep output on the rise for years to come.
Ivory Coast is also the world's largest cocoa producer problems of crop diseases, aging trees are resulting lower yields and stunting growth in the country's rubber industry.
Many Ivorian farmers are now turning to rubber because of high cocoa taxes and a lack of government support, which many of the analysts say boosts prices in the short term but could be disastrous later.
The rubber sector, however, in Ivory Coast has launched initiatives to boost production in the country.