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Priority Investment Program in Ivory Coast: BOAD and Capital Of Africa mobilize 60 billion FCFA

16/02/2023
Source : ORISHAS FINANCE
Categories: Sectors

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Dans l' objectif de réaliser un p Priority Investment Programme in Côte d'Ivoire (PETROCI), the West African Development Bank (BOAD) and CAPITAL OF AFRICA announced on February 13, 2023 the success of their mission to structure and arrange long-term financing for a total amount of 60 billion FCFA.

Petroci has initiated an ambitious Investment Program, whose total cost is estimated at sixty billion (60,000,000,000) CFA francs in order to meet the strong demand for oil and gas products in Côte d'Ivoire, and in accordance with the recommendations of COP 15. This program consists of the transformation of the SOCOPAO wharf into an oil dock, the increase in the transport capacities of existing pipelines and the construction of new pipelines, the construction of new butane gas storage capacities, as well as the expansion of the natural gas distribution network.

CAPITAL OF AFRICA, PETROCI's exclusive financial advisor, approached BOAD to arrange the financing required of sixty billion (60,000,000,000) CFA francs to mobilize funding for the Programme.

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