EPT 2025-2040 launches 60 billion FCFA bond issue for "Electricity For All" program
via Abidjan.net9 min read
The "Electricity For All" program's common securitization fund, EPT 2025-2040, launched a 60 billion FCFA bond issue on April 23, 2026, at the Regional Stock Exchange BRVM in Plateau. This operation aims to finance the state program "Electricity For All." The bond issue is structured into three compartments: "FCTC EPT 7.50% 2025-2032," "FCTC EPT 8.00% 2025-2035," and "FCTC EPT 8.50% 2025-2040." The FCTC EPT 2025-2040 acts as a financial vehicle to mobilize resources by leveraging future income from electricity connections under the program. This mechanism converts future revenues into immediate financing, accelerating the deployment of electrical infrastructure and offering an alternative to traditional public debt. Koffi Yoboua Yves Alain, director of the market studies, strategy, and development department, highlighted the regional financial market's capacity to mobilize capital for high social impact projects. Securitization allows for the conversion of future revenues from electrical connections into immediate financial resources, facilitating faster access to electricity, especially for low-income households. However, the success of this arrangement depends on the program's ability to generate the expected financial flows, the pace of connections, households' payment capacity, and the stability of public energy policies. While these bonds are presented as social impact obligations aimed at expanding electricity access, their effectiveness relies on efficient program impl
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Côte d’Ivoire and the Cooperative Republic of Guyana officially established diplomatic relations on April 23, 2026, with the signing of a joint communiqué in New York. This move signifies a mutual desire to strengthen friendship and cooperation between the two nations, adhering to the principles of the United Nations Charter. The document was signed by the Permanent Representatives to the United Nations, Ambassador Carolyn Rodrigues-Birkett for Guyana and Ambassador Tiémoko Moriko for Côte d’Ivoire. Ambassador Rodrigues-Birkett hailed the event as a significant step in bolstering bilateral ties and highlighted promising prospects for cooperation. Ambassador Moriko noted that this aligns with President Alassane Ouattara's initiative to diversify Côte d’Ivoire's partnerships, emphasizing the country's progress in agro-industry, digital technology, education, energy, mining, trade, and culture. He also pointed out economic similarities, particularly in agriculture and extractive industries, reaffirming Côte d’Ivoire's leadership in cocoa and cashew production and its improved business climate. Guyana, historically reliant on sugar, rice, and bauxite, is experiencing rapid economic growth due to significant offshore oil discoveries, positioning it among the world's fastest-growing economies. Guyana is set to celebrate its sixtieth independence anniversary in May.
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