Export – Import in Côte d’Ivoire
Simat was created from A to Z by an Ivorian entrepreneur. Currently, the company is listed on the Euronext in Paris and is eyeing the sub-regional markets. The CEO of the company presents Simat and its activities
imported 2024-03-17 17:43:07
Simat was created from A to Z by an Ivorian entrepreneur. Currently, the company is listed on the Euronext in Paris and is eyeing the sub-regional markets. The CEO of the company presents Simat and its activities
The shipping, transit, freight forwarding, handling, storage sector has been negatively affected because of the post electoral crisis.
The main obstacle for Ivorian entrepreneurs, especially in capital intensive industries, is to secure long term financing. Mr. Eholie, an Ivorian entrepreneur talks about entrepreneurship in Côte d’Ivoire and how Simat is trying to secure long term financing.
In a video interview, Mr. Eholie, an Ivorian entrepreneur, offers his advice for the international investors that consider investing in West Africa.
Video interview with Michel Hérbert assessing current situation in Côte d’Ivoire and outlook for the telecom sector. According to Comium the vision of the ministry of PTIC, to transform Côte d’Ivoire onto a knowledge economy is feasible within the next decade.
IIF forecasts 4.7% growth for Middle East & Africa region in 2011.
Batelco wins CommsMEA Annual Telecoms Technology Investment of the Year award.
IIF forecasts Kuwait to grow at 4.4% in 2011.
SIFCA’s partners are Wilmar (Wilmar International Limited is an investment holding company engaged in the provision of management services to its subsidiaries. It operates in five segments: palm and laurics comprises the merchandising and processing of palm oil and laurics related products) and Olam (Olam International Limited operates as a supply chain manager and processor of agricultural products and food ingredients primarily in Asia, the Middle East, Australia, and Africa. The company engages in sourcing, processing, packaging, and merchandising agricultural products. It operates in five segments: Edible Nuts, Spices and Beans).
The biggest challenges for SIFCA and many other regional companies is smuggling and not respecting the free trade agreements. ECOWAS region still needs to develop and enforce the free trade between the member countries. Second issue is smuggling, due to the post-electoral crisis in Côte d’Ivoire the borders are loosely secured; widespread smuggling of sugar from South America and palm oil from Asia, free of any taxes/duties is rampant. The local companies are at the disadvantage. Despite the challenges, SIFCA remains optimistic for the future. With security restore the border issue should be resolved.