Côte d'Ivoire's new mining and energy policy aims to double the two sectors' contribution to the economy within 15 years, with investment estimated at 38,000bn FCFA (€57.9bn), 88% of it from private investors, Mines, Petroleum and Energy Minister Mamadou Sangafowa-Coulibaly said when presenting it in Abidjan on November 9, state news agency AIP reported.
Analysis: Spread over the policy's 15-year horizon, the investment would come to about 2,533bn FCFA (€3.86bn) a year, by our calculation, though AIP gave no timetable for the spending. That equals 13.7% of the draft 2027 state budget of 18,466.1bn FCFA (€28.2bn). The 12% public share would be about 304bn FCFA (€463mn) a year, or 1.6% of that budget. The policy also aims for a place among Africa's five largest oil producers by 2035. AIP gave no current output or share of GDP, so the baseline for doubling is not public. Five reform and project programs will follow, AIP reported. No date has been set.
Source: Agence Ivoirienne de Presse (state news agency), AIP, 'La PIRME vise à doubler en 15 ans la contribution des secteurs minier et énergétique à l'économie ivoirienne (ministre)', November 9, 2026, No period given for the investment (policy's doubling target is 15 years; presented November 9, 2026) and Targets to 2035, 2040 and about 2041; Fraternité Matin (state daily), Communiqué du Conseil des ministres du mercredi 14 octobre 2026 (reproduced by Fraternité Matin), FY2027