Country Info

Ivory Coast

← Back to country list

Cocoa, cashews and miracle football wins may be top of mind for most when thinking Côte d’Ivoire, but the West African country is working hard to change that to development and diversification through renewable energy.
At a meeting of the Council of Ministers on 28 February 2024, the Ivorian government approved a socio-economic development policy for the east of the country, focusing on sustainability. Households and economic activities in this part of Ivory Coast will be powered by photovoltaic solar energy.
The International Finance Corporation (IFC) and the Emerging Africa Infrastructure Fund (EAIF) are investing more than €91 million in the first securitisation of the Electricity for All Programme (PEPT) in Ivory Coast:. This transaction, denominated in local currency, is aimed at electrifying 800,000 households.
The Ivorian unit of the France-based renewable energy company Baobab+ recently borrowed EUR 1.2 million (USD 1.3 million) from Dutch cooperative investor Oikocredit. Baobab+ is active in six African countries, primarily selling solar panel kits, solar lamps and touchscreen tablets. The firm sells many of these items on a pay-as-you-go basis.
Up to 40,000 off-grid households in rural and semi-urban areas across Côte d’Ivoire will soon have access to energy and digital platforms as a result of a new loan from Oikocredit to Baobab+ Cote d’Ivoire (Baobab+ CI). Oikocredit has made € 1.2 million available in fresh funding to the Ivorian affiliate of Baobab+ SAS.
Orange Ivory Coast wants to improve the carbon footprint of its data centres in West Africa. The subsidiary of the French telecommunications group Orange has just entered into a partnership with SolarX. The recently signed agreement covers the installation of solar systems to power Orange’s data centres.

Latest Documents