Côte d’Ivoire aims to mobilise CFAF 38 trillion in investment by 2040 to develop its mining, oil and energy sectors. The government expects the private sector to provide 88% of the funding.

Presented in Abidjan by Mamadou Sangafowa-Coulibaly, Minister of Mines, Petroleum and Energy, the Integrated Policy for Mineral Resources and Energy aims to raise these sectors’ combined contribution from around 7% of GDP in 2025 to 14% by 2040. The government wants them to become a second pillar of the Ivorian economy alongside agriculture.

The power plan calls for installed capacity to rise from 3,337 MW in 2026 to 11,400 MW by 2040, with renewables accounting for at least 45% by 2030. The additional capacity is intended to meet domestic demand and help Côte d’Ivoire fulfil its electricity export commitments. With nearly nine-tenths of the funding expected from private investors, construction schedules will depend on securing financing agreements for individual projects.