Like most African economies, the Ivorian economy is heavily dependent on agriculture. The population engages in various agricultural pursuits to the tune of 70%. Even though the majority of its cocoa, palm oil, and coffee production has been extorted, Cote d’Ivoire is one of the world’s top producers of these commodities.
This scenario is changing in the present. For instance, it is anticipated that the whole production process for cashews will be fixed locally by 2020. Old cotton industries are also being restored, which enhances worker conditions while also significantly boosting the economy.
Finally, since the private sector develops and manages all food production, the Ivory Coast offers many investment opportunities and a good environment for small firms.
Another example of Ivory Coast’s superior infrastructure compared to other African nations is its location. Around 13,000 km of paved highways, cutting-edge telecommunications capabilities, seaports, reliable air, and rail links, and real estate growth for the business, industry, and individual usage.
Here are some of the business opportunities that can be found here in Ivory Coast.
Internet services and all vital ICT infrastructure
Because there isn’t widespread regular Internet access in Africa, foreign investors are interested in this sector. The recent lack of competition in this market makes it a fantastic concept among Ivory Coast’s business chances.
There are many businesses in Cote d’Ivoire today that decline to open their offices for the simple reason that there are no telecoms. This harms the entire nation’s business climate. Additionally, there are gaps in the services offered to citizens of remote locations.
To construct a solid foundation for the ICT project, you can start by installing fiber optics for both domestic and commercial use.
Remote business process services
Due to the low cost of skilled labor, it is easy to start a company that provides call center and administrative services, data entry, customer and technical support, etc.
Agribusiness investment in Ivory Coast
As was previously indicated, a sizable portion of the Ivorian population works in agriculture. The majority of the local economy’s income comes from this industry, which is highly developed. Because of this, there is an increasing need for agricultural machinery, chemical supplies, and waste recycling businesses. Find out what is required to address any needs inside specific areas.
Telecommunication services
African economies lack high-quality international and intra-country connections and are still developing their communication infrastructure. Additionally, one of the most lucrative nations for fixing telecommunications is Ivory Coast. Starting a private company in the telecom sector that relies on international calls is simple. Simply purchase a little device, set it up, and begin transferring phone conversations. Call termination is quite common and also extremely profitable. Check out Anthrax and see what they have to offer. It’s a ready-to-use business solution! incredibly profitable and fascinating!
Power generation
The other industry attracts many foreign investments. It’s time to create and market a business plan, right? The need for a reliable and trouble-free electrical supply is still present. Do you want to know how to start a business in Ivory Coast? Solar, wind, and nuclear power generation are all environmentally friendly and cutting-edge investments in Ivory Coast.
Ivory Coast presents investment opportunities that should be taken right once. If you choose in three to four years, the available niches will already be occupied. It’s now your turn to be in the ideal location for you and make all of this potential a reality.
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