Côte d’Ivoire’s energy sector is poised for rapid growth as the government targets 5,000 MW of installed capacity by 2030, up from roughly 3,000 MW in 2025. The nation aims for 100% household electrification and 42% renewables in its energy mix within five years. This shift is already attracting major inward investment, including an approximately $33 million solar plant in the north and the acquisition of local power providers by private equity firms. Meanwhile, the hydrocarbon sector is booming following Eni’s massive Baleine and Calao South discoveries; the country now aims to become a top-five African oil producer by 2035. To manage this newfound wealth, President Alassane Ouattara recently approved a Strategic Sovereign Fund (FSD-CI) to ensure transparent management of natural resource revenues for future generations’ benefit.
African Business
