Ivory Coast aims to make tourism the third pillar of its economy by 2025

Wednesday, November 27, 2019

Ivory Coast raised 5.8 billion Euros ($6.4 billion) for its tourism sector during a roundtable in Germany on Friday, which is the second such bid in about a month for attracting foreign hotels and tour operators to the West African country.

The government said that it hoped to raise $1 billion during the roadshow in Hamburg. Last month, Ivory Coast raised $5 billion in pledges during a similar drive in Dubai.
Ivory Coast’s Tourism Minister Siandou Fofana said that the government had signed 12 memorandums of understanding with several companies. However, it didn’t name any of the investors.

Ivory Coast, which is the world’s top cocoa producer, wants to make tourism the third pillar of its economy by 2025 and create 700,000 jobs in the sector.

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