General

CFAF 150 billion investment in the Ivory Coast sugar sector

Recently, the main players in the sugar industry in Côte d’Ivoire (the Sucaf-CI and Sucrivoire companies) have signed a plan with the government, the objective of which is to invest more than 150 billion CFA francs between 2021 and 2025.

This agreement “concludes the first part of the work we are doing with the two main companies in the sugar sector to make the Ivorian sugar sector productive and competitive,” said the Minister of Commerce and Industry, Souleymane Diarrassouba.

The honorary president of the Association of industrialists of the sugar sector, Joseph Kouamé-Kra, shared his positive opinion about the investment plan, since in this way it will be possible to offer a stable framework to manufacturers to make their investments and keep them in proper operation all your business.

The sugar sector in Côte d’Ivoire still has some challenges to overcome, especially production costs or less favorable weather conditions; however, it is an industry with great potential. This plan-contract should allow increasing sugar production, which will go from 206,037 tons in 2021 to 255,091 tons in 2025 and will improve the competitiveness of the sugar sector.