馃嚚馃嚠C么te d'IvoireWest Africa
SIB strengthens strategic partnership in mining, energy, and hydrocarbons sectors
via Abidjan.net10 min read
The Soci茅t茅 Ivoirienne de Banque SIB hosted a high-level meeting on April 16, 2026, with corporate clients and partners from the mining, energy, and hydrocarbons sectors at Palais WIA. This event aimed to foster strategic dialogue and co-construction amidst significant transformations in extractive and energy industries, particularly concerning energy transition, financing structures, and increased demands for performance and sustainability. Mohamed El Ghazi, SIB's Director General, reiterated the bank's vision to be a strategic partner, emphasizing its commitment to supporting these vital sectors for the country's economic development. Yeo Bakary, Deputy Director General for Commercial Affairs, highlighted the bank's evolving relational model, focusing on enhanced client proximity and tailored solutions. Marc Bogler, Director of the Corporate Market, explained the bank's sector-specific approach to address the unique needs of these industries. Hassim Diarrassouba, Director of Specialized Financial Services, underscored SIB's engineering capabilities in providing customized and robust financial solutions aligned with international standards. The meeting facilitated active listening, experience sharing, and identifying new collaboration opportunities. SIB, a subsidiary of Attijariwafa bank since 2009, operates across C么te d'Ivoire with over 1000 employees, offering a range of products and services to individuals, businesses, institutions, and the Ivorian state.
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Traor茅 Amidou officially assumed his role as the new director general of C么te d'Ivoire 脡nergies CI-ENERGIES on Friday, July 24, 2026. The handover ceremony was overseen by Yves Konan, the chairman of the board of directors. Traor茅 Amidou succeeds Noumory Sidib茅, who led CI-ENERGIES for nearly five years. The board of directors commended Noumory Sidib茅 for his "remarkable work" during his tenure. They also expressed confidence in Traor茅 Amidou, urging him to continue the transformation of CI-ENERGIES and contribute to C么te d'Ivoire's ambition of becoming the energy hub of the sub-region. CI-ENERGIES is a public company responsible for managing and developing the electricity sector in C么te d'Ivoire.
Adama Coulibaly, C么te d'Ivoire's Minister of Economy, Budget, and Finance, opened a joint ministerial session of the African Union's 9th Specialized Technical Committee STC on Finance, Monetary Affairs, Economic Planning and Integration, and the 5th STC on Trade, Tourism, Industry, and Mineral Resources on July 23, 2026, in Abidjan-Cocody. Speaking on behalf of Prime Minister Robert Beugr茅 Mamb茅, Minister Coulibaly highlighted the critical need for financing industrialization to achieve sustainable development in Africa. He emphasized that ministers would review expert conclusions to adopt policies aimed at accelerating the continent's industrialization. The minister noted that financing industrialization is a multifaceted challenge involving fiscal policies, debt management, financial market development, private investment, and regional economic integration. Despite opportunities presented by the African Continental Free Trade Area AfCFTA, African economies remain heavily reliant on raw material exports, vulnerable to international market volatility, and face high capital costs. According to the African Development Bank AfDB, Africa needs to bridge an annual financing gap of approximately $400 billion by 2030 for structural transformation. Coulibaly called for better coordination of public resources, concessional financing, guarantee mechanisms, public-private partnerships, capital markets, and long-term savings from pension funds and insurance companies. He also stressed st
The Cocoa-Coffee Council initiated the free distribution of phytosanitary products to producers and the Agricultural Interprofessional Organization OIA Cocoa-Coffee for the current campaign. The official ceremony took place on July 24, 2026, in Du茅kou茅, with Vice-Prime Minister and Minister of Defense, Mr. T茅n茅 Birahima OUATTARA, in attendance. As part of an agricultural investment program, the regulator acquired insecticides, fungicides, and fertilizers for the OIA Cocoa-Coffee and other farmer organizations. The goal is to maintain orchards and combat pests, insects, and diseases like brown rot. These distributed products are expected to treat approximately 1.5 million hectares of orchards. The Council clarified that this is a supplement to products producers purchase themselves, aiming to improve bean productivity and quality. The support program also includes the free distribution of improved "Mercedes" cocoa seeds and bush bags for commercialization. Additionally, through the Rural Investment Fund FIMR, the Cocoa-Coffee Council funds the reprofiling of village roads, access to drinking water, construction of health centers and classrooms, and distribution of school kits. These social actions benefit producers and their communities, enhancing their living conditions.