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Ivory Coast looks to 'national champion' firms to lead economic development

After years of political and economic turmoil, the last fifteen years have seen Ivory Coast return to stability and strong economic growth. Now the government is looking to so-called "national champion" businesses to fuel economic development and small and medium enterprises. 

READ MORE : http://www.africanews.com/2026/07/20/ivory-coast-looks-to-national-champion-firms-to-lead-economic-development

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00:00After years of political and economic turmoil, the last 15 years have seen Ivory Coast return to stability and strong
00:08economic growth.
00:10Now the government is looking to so-called national champion businesses to fuel economic development.
00:17Among those champions is oil and gas distributor Petro Ivoire.
00:23Being named championed by your country gives you a very strong responsibility, a responsibility to set an example.
00:33In any case, that remains the guiding principle of our company, always being a civic-minded, responsible and sustainable business.
00:43Another recent success story is Kaira. Founded in the late 2000s, it now has 600 employees.
00:51The company sells natural cosmetics across West Africa and as far as Paris and Dubai, more than two dozen countries
01:00in total.
01:02The obstacles we might face are with certain African countries, especially when it comes to regulations and all that,
01:09because standards differ greatly from one country to another, and each country has its own requirements.
01:16So you have to go and comply with the regulations of each individual country and so on.
01:23If the African continental free trade area could start by introducing a single African standard in terms of regulation,
01:31it would make things much easier for us.
01:34Ivory Coast last week secured $80 billion in international public financing for its national development plan.
01:43It's expecting $150 billion more from the private sector.
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