The Government of Côte d'Ivoire has signed a memorandum of understanding with Ghana based B5 Plus Group as part of a major investment aimed at supporting the country's industrialization objectives. Under the agreement, valued at approximately CFA 110 billion (USD 196 million), a steel production facility incorporating a rolling mill is planned to be established.
The agreement, signed on July 7, 2026, was attended by Côte d'Ivoire's Minister of Trade, Industry and Handicrafts, Ibrahim Kalil Konaté, and B5 Plus Group CEO Mukesh Thakwani. The signing ceremony took place on the sidelines of consultations held under the country's 2026–2030 National Development Plan.
Minister Konaté stated that the MoU would contribute to the implementation of large scale investments aligned with the government's industrialization driven economic transformation strategy. He also affirmed that the government would provide the necessary support for the implementation of the strategic project, adding that the investment would not only strengthen the country's industrial capacity but also make a significant contribution to economic growth and employment.
For his part, B5 Plus Group CEO Mukesh Thakwani said the company aims to implement the project as quickly as possible and plans to establish a facility capable of producing to international standards with the support of the Ivorian government. Thakwani added that the investment would increase domestic production capacity, reduce dependence on imports, and contribute to strengthening the country's industrial infrastructure.
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