focus africa
Focus : Africa
Helping Indian companies do business with Africa
INDIA
INDIA
Africa
AFRICA
INDIA : India’s Trade with the African Region notched US$ 38.96 Billion in the year 2009-10 (DGCI&S provisional figures) constituting 8.37% share in India’s total trade. Trade with the region has grown at a CAGR of 18.10% from US$ 4.48 Billion in 1996-97.
AFRICA : 54 Countries, 1 billion people, US$ 1.01 Billion of trade. Imports worth US$ 468 billion include Mineral Fuels, Oils, Machinery, Vehicles including Boats, Ships, Aircrafts, Electronics & Electricals, Iron & Steel & Articles thereof, Cereals, Plastics, Pharmaceuticals, etc.

Top 20 product groups imported by select African countries ............. [More].
Investment Opportunities : Ivory Coast

The economy and the government of Ivory Coast is based on the liberalism which promotes the private initiative, the mechanisms of market and the opening to the capital and foreign trade.Ivory Coast holds the position of the world’s largest cocoa producer and the world’s third largest coffee producer and the two products alone represent more than half of the income of the country’s export. The other key products of exports are wood, rubber, palm oil and banana exports oil and gas. Foreign investment holds an important position in the Ivoirian economy and accounts for between 40% and 45% of total capital in Ivoirian firms. France is overwhelmingly the most important foreign investor.

FDI 
Values in USD Million
Inflow 
Outflow 
2002
212.6 -4
2003
165.4 23
2004
283 -26
2005
311.9 52
2006
318.9 -27
2007
426.9 0
2008
352.5 8.1

Real Estate Sector :

With the coming in of stability in Ivory Coast  there is a huge and viable  requirement  property. There is a wide gap between the supply and demand which has become more and more apparent with each passing year soon impeded efforts to promote building. To alleviate this problem and counteract the  illegal squatting and precarious neighbourhoods , the Ministry of Construction and Urbanism recently launched an operation to improve the supply of a wide range of land in urban areas so as to make them more accessible. Thus there is an opportunity for investment in this sector.

Rubber Industry :

Ivory Coast is aiming to triple its rubber production by 2025 .The Natural rubber plantation in Ivory coast , the continent's top producer, reached 200,000 tonnes in 2008, up from 188,500 in 2007.The farmers are confident that price support measures will keep output on the rise for years to come.

Ivory Coast is also the world's largest cocoa producer problems of crop diseases, aging trees are resulting lower yields and stunting growth in the country's rubber industry.

Many Ivorian farmers are now turning to rubber because of high cocoa taxes and a lack of government support, which many of the analysts say boosts prices in the short term but could be disastrous later.

The rubber sector, however, in Ivory Coast has launched initiatives to boost production in the country.

For Further Reference

 bNational Customs

 bCentre de Promotion des Investissements en Cote d’Ivoire

bDoing Business with Ivory Coast (Source: The World Bank Group)