Cote d’Ivoire aims to mobilize 38 trillion CFA francs (about 66 billion U.S. dollars) by 2040 to develop its mining, oil and energy sectors, doubling their combined contribution to GDP to nearly 14 percent, according to a policy document presented by the government on Monday.
The Integrated Mineral Resources and Energy Policy (PIRME), presented in Abidjan by Minister of Mines, Petroleum and Energy Mamadou Sangafowa-Coulibaly, seeks to make the three sectors a second pillar of the economy alongside agriculture.
The investment program will be funded mainly by the private sector, which is expected to provide 88 percent of the total funding, with the public sector contributing the rest.
Key projects include a mineral port in San Pedro, railway lines for mineral transportation and a second oil refinery in the port city.
The policy also aims to improve infrastructure for resource processing and strengthen local companies’ participation in industrial value chains.
By 2040, the country aims to increase oil production to 500,000 barrels per day and installed electricity generation capacity to 11,400 megawatts. It also plans to raise renewable energy’s share in its electricity mix to at least 45 percent by 2030.
In the mining sector, targets include producing 150 tonnes of refined gold and locally processing 1.25 million tonnes of manganese annually, according to the authorities.
The policy also emphasizes local processing and workforce development. By 2035, Cote d’Ivoire aims to meet at least 95 percent of the extractive industry’s demand for goods and services locally and ensure that nationals account for 95 percent of the workforce on oil platforms and at industrial mines.
Built around sustainability and inclusiveness, innovation and technology, economic integration, and governance and transparency, the strategy seeks to balance resource development with agricultural growth, environmental protection and more equitable distribution of economic benefits.
Adopted by the Council of Ministers on Dec. 3, 2025, the PIRME serves as a framework for coordinating policies and activities in the mining, oil and energy sectors. Its official presentation on Monday marks a further step in its implementation. Enditem
