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Access to electricity in Côte d'Ivoire: IFC provides $28.3 million in guarantees

03/12/2025
Source : ORISHAS FINANCE
Categories: Sectors

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LA Society international finance (sfi ), member of the Bank Group global , announced at the end of November its support for a new bond issue intended to finance up to 600,000 electrical connections under the national Electricity Program for all (PEPT).

Ivory Coast continues to develop access to electricity through financing instruments that mobilize local and international investors. The authorities combine these efforts with plans to increase installed capacity, in particular by through renewable energies.

The operation is aimed at around 2.8 million beneficiaries. It extends a first show launched in 2023, which created the region's first social obligation for the energy sector in Within the Economic Union and West African currency (UEMOA). The SFI had supported this operation to the tune of 48.8 million dollars, covering half of the structure and allowing up to 800,000 new connections.

Ivory Coast aims for universal access by 2030, which requires an additional 17 million connections. The energies renewables must represent 45% of the energy mix by 2030 for to meet growing demand.

Mso-bidi-language:ar-sa"> According to World Bank data , the electrification rate of Côte d'Ivoire has reached 72% at the end of 2023, a figure higher than the African average sub-Saharan. However, the country aims for universal access to electricity. and foresees 17 million new connections by 2030

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