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ECONOMIC GROWTH, TRADE AND ENERGY

A man stands in front of of a row of tye-died shirts
Ivorian designer O'sey grows his textile industry with the support of USAID.
Trade Hub

BOOSTING REGIONAL AND GLOBAL TRADE

USAID supports a regional approach to economic recovery in Côte d’Ivoire, with a focus on increasing trade volume and value and decreasing trade barriers that will help the country embrace the path of economic prosperity. Through the Trade Africa Initiative, USAID helps export-ready firms in targeted value chains to compete in trade, as well as work with regional partners to attract investment into the region so as to boost regional and global trade.

STRENGTHENING  SME CAPACITIES

USAID develops a Public-Private Partnership (PPP) to help bridge the financing and capacity gap for SMEs in Côte d’Ivoire. Through the partnership USAID is fostering job creation and inclusive growth by providing capital and tailored technical assistance to high-growth SMEs, and build SME champions through targeted investments in high-impact value-chains. This partnership is a strong complement to USAID/Côte d’Ivoire’s existing Trade Africa program. It provides an alternative source of financing to many of the firms working with the West Africa Trade Hub.

On February 2018, USAID and Entrepreneurial Solutions Partners signed an agreement to promote small and medium-sized enterprises (SMEs) in Côte d’Ivoire.  USAID is providing $690,498 to support this activity to build the capacity of SMEs, and will contribute through this program to the creation of approximately 2,500 jobs, including 1,500 in rural areas.  This public-private partnership aims to transform the entrepreneurial landscape and to inspire a generation of youth and women leaders.

INCREASING POWER GENERATION AND ENERGY ACCESS

Power Africa was launched in June 2013 as a market-driven, public-private partnership to add 30,000 MWs of new generation capacity and 60 million new connections in sub-Saharan Africa by 2030. Power Africa works with African governments and its 140 public and private sector partners to remove barriers that impede sustainable energy development in sub-Saharan Africa.  Combining the expertise of twelve U.S. Government agencies, Power Africa is unlocking the substantial wind, solar, hydro, natural gas, biomass, and geothermal resources in the region to enhance energy security, promote economic growth, and reduce poverty.

In Côte d’Ivoire, Power Africa supports the development of new power generation and mobilizing partnerships and investments.  Power Africa has deployed, through its Transaction and Reform Program (PATRP), Transactions Advisors in Abidjan to help the Government of Cote d’Ivoire, projects developers, and financiers advance power transactions related to electricity-generation and improve access to electricity.

The Government of Côte d’Ivoire, has committed to reach the goal of making the country, the energy hub of sub-Saharan Africa through the provision of quality, cheap and abundant energy to national and sub-regional people. Our team is working closely with the energy sector on several energy opportunities including Off-grid and On-grid electrification, power generation projects development and gas and liquefied Natural Gas supply to help the government achieve its electrification goals.

Last updated: August 23, 2019

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