C么te d'Ivoire and US firm ABD Group sign infrastructure agreement worth over 330 billion FCFA
via Abidjan.net10 min read
The Ivorian government and ABD Group, a US company specializing in infrastructure development and investment, signed an agreement on April 16 in Washington D.C. This agreement aims to support the development and financing of a new portfolio of priority infrastructure projects valued at over 330 billion FCFA. The signing took place during the 2026 Spring Meetings of the IMF and the World Bank, at a Corporate Council on Africa roundtable. Adama Coulibaly, Minister of Economy, Finance, and Budget, and John Nevergole, CEO of ABD Group, initialed the memorandum of understanding. High-ranking officials from both governments, including US Under Secretary of Commerce David Fogel and C么te d'Ivoire's Minister of Planning and Development Souleymane Diarrassouba, were present. Charg茅 d'Affaires Junaid Munir stated that the agreement demonstrates how US companies achieve concrete results by creating opportunities for American businesses while supporting C么te d'Ivoire's development. This memorandum builds on two bilateral frameworks: the Commercial and Investment Partnership CIP, launched in 2024, and the Technical Assistance for Bankable Infrastructure TABI initiative, in which C么te d'Ivoire is a partner country. ABD Group, present in C么te d'Ivoire for over 15 years, has developed, financed, and executed projects worth over 560 billion FCFA in sectors like health and education. With this new initiative, its total portfolio is expected to exceed 920 billion FCFA, supporting over 1,000 jobs
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