AGP Executive Report
Last update: 4 hours agoMining and Energy: Côte d’Ivoire plans to mobilize 38 trillion CFA francs by 2040 to make mining, oil and energy a second economic pillar alongside agriculture. Targets include 500,000 barrels of oil a day, 11,400 MW of power capacity and more local processing of gold and manganese. Industry Outlook: Abidjan hosts SIREXE from November 18 to 22, bringing together officials and investors to discuss infrastructure for Africa’s extractive and energy sectors. Offshore Exploration: VAALCO has approval to advance exploration at block CI-705 and plans to drill a well by the end of 2028. Renewable Power: SIFCA, EDF and Meridiam have opened the country’s first biomass power plant, a 46-MW facility fueled by palm-oil waste that will supply the grid and create a market for plantation residues. Food Exports: Ivorian women entrepreneurs showcased dried fruit and hibiscus products at China’s import expo, seeking new buyers and equipment partners as zero tariffs improve access to the Chinese market.
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