Cote d’Ivoire Agriculture – thoughts on potential business investment.
Ivory Coast or more officially The Republic of Cote D’Ivoire is a country on the coast in West Africa. It has a good sized land mass of nearly 125,000 square miles of land. 70% of this land is suitable for agriculture. Currently only 40% is being used:
|100% Land Mass||125,000 square miles|
|70% Land Mass||87,500 square miles|
|Available Land Mass for farming||52,500 square miles|
The climate ranges from equatorial at the south of the country, to tropical in the middle and semi-arid at the top.
Cote D’Ivoire is the gateway for some of the landlocked countries in West Africa such as Mali and Burkino Faso. There is lots of potential to export food stuffs to these neighbouring countries as well as selling to the local market.
Currently the main cash crops (those crops sold for financial gain rather than for consumption) are:
There is huge potential in the Ivory Coast agriculture sector for:
- Equipment supply
- Processing units
French supermarket giants Carrefour announced in June 2013 that they were looking at opening stores across West Africa and Cote D’Ivoire was one of the countries they are keen on investing in.
Supermarkets such as Shoprite and Massmart need local high quality growers of vegetables as part of their supply chains so that would be an avenue worth investigating if you are looking to grow vegetables commercially in Ivory Coast.
The government is predicting a year on year growth of the economy in Cote d’Ivoire of 9.8% so there is lots of potential investment opportunity here.
Written by Fiona Johnson