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Support for the Ivorian private sector: The volume of ADB loans amounts to 412 billion FCFA

27/02/2023
Categories: Sectors

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The Business Opportunities Seminar (SOA) was attended by the Minister of Planning and Development, Kaba Nialé. On the occasion, he indicated that the volume of current loans from the African Development Bank Group (AfDB) to Ivorian private sector operators is 412 billion FCFA.

The Bank's investment supported the transport, energy, agriculture, and financial sectors. According to the Minister, with this seminar dedicated to the private sector, the African Development Bank is pursuing its strategy for the structural transformation of the Ivorian economy, which is, moreover, in line with its private sector development strategy 2021—2030. This strategy has three major priorities, namely improving the business climate, promoting access to integrated socio-economic infrastructures, and promoting business development.

It should be noted that the business opportunities seminar is a real opportunity for the private sector to take ownership of the financing mechanisms and instruments offered by the African Development Bank Group.

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