Canadian mining company Fortuna Mining has approved a $109 million investment to expand the processing plant at its Séguéla gold mine in northwestern Côte d’Ivoire, with the aim of increasing annual production to more than 200,000 ounces from the second half of 2028.
The expansion will increase the plant’s...
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Japan has agreed to provide Côte d’Ivoire with 48.4 billion CFA francs (approximately $78 million) in additional financing for the construction of three interchanges in Greater Abidjan, as the West African country seeks to ease traffic congestion and improve urban mobility.
The financing agreement was signed on November 4 in...
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Côte d’Ivoire’s state-owned oil company PETROCI has completed its first crude oil shipment as operator of the Espoir offshore field, marking a new phase in the country’s efforts to strengthen its role in the management of its petroleum resources.
The first crude lifting was carried out on October 31 by PETROCI CI-...
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Côte d’Ivoire’s banking sector is taking a larger role in financing the country’s expanding mining industry. Seven local banks have committed CFA148 billion (approximately $260 million) to support the construction of the Doropo gold mine in the country’s northeastern Bounkani region, in a project led by Australian m...
Published on Nov 04, 2026
Australian mining company Turaco Gold is seeking to acquire the remaining 20% stake in its Afema gold project in southeastern Côte d’Ivoire, in a deal valued at approximately $79 million, or 44 billion CFA francs.
The proposed acquisition involves Sodim Ltd, the Israeli private partner that holds the remaining interest in the...
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Canadian precious metals company Empress Royalty Corp. has completed a $62 million acquisition of rights to a portion of future gold production from the Tongon mine in northern Côte d’Ivoire, strengthening its position in the African gold sector.
The transaction, completed on October 19, gives Empress Royalty a contractual en...
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The 20 most profitable companies in Côte d’Ivoire recorded a combined profit of CFAF 1,764 billion in 2025, with the mining sector accounting for more than half of the total, according to a ranking published by Sika Finance.
Société des Mines d’Ity topped the ranking with CFAF 205 billion in profits, follo...
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Canadian gold exploration company Waraba Gold has signed an agreement to acquire an 80% stake in an exploration licence in northern Côte d’Ivoire, expanding its footprint in a region attracting growing interest from gold miners.
The agreement covers licence PR-683, a 212.66-square-kilometre area near Tengrela, and involves a...
Published on Oct 27, 2026
Côte d’Ivoire has launched construction of three new solar photovoltaic plants with a combined capacity of 152 megawatts-peak (MWp), as the country steps up efforts to diversify its energy sources and strengthen electricity supply.
The launch ceremonies took place from October 22 to 24, 2026, in Katiola, M’Bengué...
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Côte d’Ivoire plans to reduce value-added tax (VAT) to 0% on animal feed and the inputs used in its production for the 2026–2027 fiscal year, Livestock and Fisheries Minister Sidi Tiémoko Touré announced on Monday.
The announcement was made during the Grands rendez-vous de l’Agence ivoirienne de...
Published on Oct 27, 2026
Australian mining company Skylark Minerals has signed a binding agreement to increase its ownership in the Zaranou gold project in southeastern Côte d’Ivoire from 51% to 90%, following a sharp rise in estimated gold resources at the exploration site.
The company announced on October 19, 2026, that the project’s inferred...
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Côte d’Ivoire has agreed to reduce the wholesale price of cartons of horse mackerel and mackerel by 2,500 CFA francs following several days of protests by fish traders over rising costs, the government said on Thursday.
Under the agreement reached on October 22, the price of a 20-kilogram carton of the two fish species will f...
Published on Oct 23, 2026
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