outline - jetro...2014/09/29 · mr. essis esmel emmanuel ceo of cepici august 2014 outline 1...

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Mr. ESSIS Esmel Emmanuel CEO of CEPICI August 2014

OUTLINE

COUNTRY PROFILE 1

2

3 POLITICAL AND ECONOMIC ASSETS

BUSINESS ENVIRONMENT

INVESTMENT OPPORTUNITIES

SUCCESS STORIES 5

4

CONTEXT

CONCLUSION


INTRODUCTION

His Excellency, Alassane OUATTARA

President of Republic of

Côte d’Ivoire

My ambition is making

Côte d’Ivoire,

an Emerging Country by 2020

ECONOMIC OVERVIEW

• Double digit and sustainable

economic growth

• National Development Plan : 2012 – 2015,

Cost : $22 Billions

• Private sector investment (60%):

Cost: $ 13 billions

• Public sector investment (40%):

Cost: $ 9 billions

• Attractiveness of the Country

• Business Environment

improvement

• Incentives for investment

• Private sector as a pillar of this growth

• Economic growth

• 2012: 9,8%

• 2013: 9,1%

• 2014-2015: 10% forecast


After more than a decade of crisis, the Government of

Côte d'Ivoire has initiated a process to improve its

investment climate.

This entails implementing in 2011, a vast program of

reforms to make the business climate more attractive.

The Private sector plays an important role in the

economic resurgence

Introduction

- Area : 322, 462 km2

- Neighbouring countries : Burkina-Faso ,Ghana , Guinea, Liberia and Mali

- Population : 23 millions

- Population density : 68.1 inhabitants/km2

- Population Growth per year: 3.3 % / 2009

- Life expectancy : 55 ans (2010)

- Official language : French

- Religions : Islam, Christianism , Animisme Etc.

- Currency : Franc CFA (655,56 FCFA = 1 €)

COUNTRY PROFILE (1)


- GDP :

12, 600 billions CFA in 2012 (25,2 billions dollars US)

GDP growth rate : 9.8%(2012) ; 9.1% (2013)

Estimates for 2014-2015 : 10%

- GDP per capita : 1,200 USD (2012)

- Inflation rate: 1.3%( 2012), 2.6% (2013)

- Unemployment rate: 9.74 % (2013)

- Main suppliers : Nigeria 29.5 %, France 16.8 %, Chine 6.9 %, Belgium 3,5 % (2007)

- Main customers Netherlands, United States, Nigeria, Germany, France and Canada

- Human development index : 0.432 (2013)

- Trade balance (in billions F CFA): 698.4 In 2012 and 642.3 in 2013

COUNTRY PROFILE (2)

Private investments trend by sector (in billion of francs CFA)

Sectors

Primary Secondary Tertiary Total

2012 66 842 199 1108

2013 48 459 953 1460

- Major exports to Japan : Cocoa, Processed cocoa beans, Green coffee and

processed wood

- Major imports from Japon : Foodstuffs, chemical products, equipment and vehicles

- Yearly growth :

9 %

Good performance mainly due to services, communication

& transport sector (13.5%) and secondary sector (19.2%)

- GDP estimates for 2014 and 2015 10 %

COUNTRY PROFILE (3)


CREATION

• Decree No. 2012-867 of September 6th, 2012

• CEPICI is a National Public Administration

MISSIONS

Be the One-Stop Shop for Investment in Côte d'Ivoire.

Federates, coordinates and streamlines all initiatives and government actions to promote investment and private sector development

TOP MANAGEMENT

Management Board

- Private sector

( 3 members )

- Public sector ( 5 members)

General Management

Presentation of CEPICI (1)

THE ONE-STOP-SHOP

Starting Business Service

24 Hours

Investment Code

Service

Industrial Land Service Information Service

4 OPERATIONAL SERVICES

Presentation of CEPICI (2)


INDICATOR RANK

Starting Business 115

Registering 88

Enforcing contract 127

Construction permit

166

DB 14 : 167th – Top 10 reformers

Côte d’Ivoire Performances - DB 14

BUSINESS ENVIRONMENT (1)

Easing starting a business, by reducing company registration time,

procedures and costs :

Setting up CEPICI one stop shop for company registration :

- Bringing together in its midst all intervening agencies in a business

registration process

- Performing 24hours company registration time

Making registering a property easier and cheaper by streamlining

procedures, reducing property transfer time and tax

Reducing property transfer tax fees from 10 to 7% (in 2013) then

from 7 to 6%

Ease of credit availability

Enactment and implementation of the legal framework of credit

Bureau ( To fully operate in June 2015)

DOING BUSINESS MAJOR SECTOR REFORMS ACHIEVED TODATE



Reduction of time to obtain a building permit :

from 475 days to 364 days (in 2013) then to 213 days in 2014

with a target of 87 days next year

Improving judicial efficiency by reducing processing time of

commercial disputes and legal costs :

Creation of commercial courts within the legal system and setting up

of Abidjan Commercial Court (November 2012);

Creation of lay judges system (from the corporate world) sitting

along side professional judges ;

56 days on average to adjudicate commercial disputes (average time

for trials and hearings)

DOING BUSINESS MAJOR SECTOR REFORMS ACHIEVED TODATE


The new code provides:

16 guarantees to the investor

Minimum threshold : 200 000 000 FCFA (400 000 US$)

Deadline : 21 days

Investment period: 24 months

Scope of the authorisation : new and existing activities

Eligible sectors : all activities except from non industrial

buildings, trade , banking and financial services.

Benefits granted: 40 to 50 % reduction on customs duty tax

during the investment period and total exemption of VAT on

equipments

Fiscal exemption during the exploitation period (TAX ON

INDUSTRIAL AND COMMERCIAL PROFITS, business licensing

and permits, contribution paid by employers

Additional taxes exemption granted above the upper threshold

of 1 billion CFA(2000 000 US$)

THE INVESTMENT CODE



The revision of sectorial codes (Electrical Code, Mining

Code, Petroleum Code)

The adoption of the new Code of Telecommunications

and Information Technology

Environmental Code

Free Zone for biotechnology and ICT (VITIB)

Free Zone (point) for fishery products

OTHER SPECIFIC CODES


Security Improved security

index down from 4

to 1 according to

the AFDB

Policy

Political stability

Economy

Long term stability

by strengthening

governance

Social

National

reconciliation on

going

Institutional,

security, social

and economy

POLITICAL AND ECONOMIC ASSETS (1)


Opened to Africa:

WAEMU: Market of 80 millions consumers ECOWAS: Market of 300 millions consumers

- Common currency CFA Franc(FCFA); - Existence of a common duty tax system (TEC)

From 0% to 20%

Côte d'Ivoire debt rating by :

Fitch Rating: B Moody's : B1


Social and economic infrastructures

Road networks (82000 km) Reliable railways network(1260 km) Competitive ports International Airports Telecommunication Networks Availability of important energy capacity

Health structures Universities and graduate schools



Diversified banking and financial system

• Existence of a single currency (CFA) pegged to the Euro at a

fixed parity

• Headquarters of the Regional Stock Exchange (BRVM)

• Bank networks and insurance companies of international

standards.

• Relocation of the AfDB in Abidjan

Availability of skilled and experienced labor


20

- MINES, OIL AND GAS

- AGRICULTURE

- INDUSTRIALIZATION

- INFRASTRUCTURES

- HOUSING

INVESTMENT OPPORTUNITIES


6th

World Coffee Producer

(120 000 t)

First world Cocoa

producer

(1 700 000 t)

1st palm oil exporter

(418 000 t)

2nd World cashew

Producer

(450 000 t en 2012)

1st african Tuna port

1st African rubber producer

(255 000 t)

AGRICULTURE SECTOR

INVESTMENT OPPORTUNITIES (1) In

vestm

en

t o

pp

ort

un

itie

s a

nd

bu

sin

ess c

lim

ate

in

Cô

te d

’Ivo

ire

A RICH AND DIVERSE

MINING POTENTIAL

GOLD

OIL - GAS

IRON ORE

DIAMOND

COPPER

URANIUM


23

TYPE OF RESSOUCES RESERVES

IRON 4 000 millions tons

NICKEL 260 millions tons

BAUXITE 1 200 millions tons

MANGANESE 6 millions tons

DIAMOND + 5 millions carats

GOLD

+ 500 tons

COLOMBO TANTALITE 145 tons

INVESTMENT OPPORTUNITIES (2) SOME DEPOSITS OF MINES

Cote d'Ivoire has a high potential for gold mineralization of more than 100 000 km2

Discovery of new offshore oil fields The crude oil reserves estimated at 339 million barrels (2012) Current concessions are established in the ultra-deep The construction of new pipelines Gas reserves are estimated at 35 billion m3 Current production of 1,777 million m3, covering less than 90% of

demand The increase of the storage capacity of gas Extension of the distribution network of gas and electricity to

industrial customers in the West African region Thermal power stations provide 70% of electricity produced in Côte

d'Ivoire

INVESTMENT OPPORTUNITIES (3) OIL AND GAS RESERVES


EDUCATION & HEALTH

CONSTRUCTION OF 60 000 HOUSING

HOUSES

REHABILITATION AND EQUIPMENT 30,000 PRIMARY SCHOOLS

Cost : US $ 150 millions

Cost : US $ 856 millions

INVESTMENT OPPORTUNITIES (4) OTHER SECTORS

housing

Construction, Planning

Agriculture

Industry, Industrial

Zone, Development

Hubs

Energy, Industry,

Mines

Animal and fish

resources

Water and Forest

Sport, recreation, tourism

Culture and Youth

Health, Education

environment,

Sanitation, Drinking

Water

Buildings and major equipment

Infrastructure and Transport

Airport Extension of Abidjan and San Pedro Airports

60 projects are categorized in line with the National Development Plan.

INVESTMENT OPPORTUNITIES (5) Public and private partnerships In various sectors, as:


OLAM GROUP

NESTLE


ORANGE

CEMOI


GROUPE ACCOR

COLA


MTN

SGBCI


BNP PARIBAS

AJINOMOTO


RANGOLD RESSOURCES

CIMAF


CITY BANK

Côte d'Ivoire remains a country with

• a high potential and investment opportunities,

• an important social and economic infrastructure,

• a business climate in constant improvement

We invite you to contact CEPICI for your

investment projects in Côte d'Ivoire.

www.cepici.gouv.ci

CONCLUSION


Arigatō Thank You!

outline - jetro...2014/09/29 · mr. essis esmel emmanuel ceo of cepici august 2014 outline 1...

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