Mauritius and Ivory Coast strengthen their economic partnership to boost investments
On June 7, the Chamber of Commerce and Industry of Ivory Coast, in collaboration with the Economic Development Board (EDB) of Mauritius, organized a Mauritius-Ivory Coast Economic Forum in Abidjan. The event aimed to promote relations between economic operators of both countries and establish strong partnerships.
Mauritius and Ivory Coast are embarking on a dynamic strengthening of their economic partnership, implementing a fruitful economic forum, and signing a good agreement to stimulate private investments between the two countries. Representatives from both countries highlighted the economic assets and opportunities each offers. Ivory Coast’s ambassador to Mauritius, Sakaria Koné, underscored his country’s attractive assets, particularly in tourism, culture, and the economy. He emphasized the importance of promoting the Ivory Coast and developing partnerships with Mauritius, which notably excels in the textile, tourism, and sugarcane sectors. Similarly, the vice president of the Chamber of Commerce and Industry of Ivory Coast, Bakary Maguiraga, highlighted Africa’s expertise and financing opportunities, expressing a desire to establish solid partnerships with Mauritians. « There is expertise and means to mobilize investment finances in Africa. One of our missions is to support companies; we have invited other companies, bankers, and a panel of investors and entrepreneurs to show them the opportunities we offer them. One of the reasons is to be able to exchange with Mauritians and see what we can borrow from them », he stressed.
During the forum, a detailed presentation was made on investment opportunities, sectors with high growth potential, business environment, and investment incentive mechanisms in Ivory Coast. Sachin Mohabeer, Deputy CEO of Mauritius’ EDB, explained that their goal is to invite the world to invest in Africa, highlighting the continent’s development potential. He also announced that exchanges would continue with Ivory Coast to realize investment projects on Ivorian territory.
As part of this economic cooperation, the Center for Investment Promotion in Ivory Coast (CEPICI) and the EDB of Mauritius signed a protocol agreement to strengthen private investments between the two countries. This agreement will enable both institutions to actively collaborate to develop and support key sectors such as agri-food, manufacturing, finance, construction, textiles, information and communication technology, tourism, etc. Mauritius, already one of the largest investors in the Ivory Coast with over 350 billion approved investments in the hotel and transport sectors, aims to strengthen its positioning and contribution to the structural transformation of the Ivorian economy.
This collaboration thus strengthens the economic and trade ties between these two dynamic African nations and opens new perspectives for business development and investments in the region.
Mias Sylvia
