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Nine Days ahead of SIREXE 2026, Côte d’Ivoire unveils FCFA 38 Trillion investment strategy in extractive and energy industries

11 November 2026 by Googler

Nine days prior to the opening of the International Exhibition of Extractive and Energy Resources (SIREXE 2026), Côte d’Ivoire has unveiled its roadmap to establish mining, hydrocarbons, and energy as the second engine of its economic transformation, alongside agriculture.

The Minister of Mines, Petroleum and Energy, Mamadou Sangafowa-Coulibaly, presented the guidelines of the Integrated Mineral Resources and Energy Policy (PIRME), which will mobilise FCFA 38 trillion FCFA ($64.7 billion) in investments to double the sector’s contribution to GDP from 7% in 2025 to 14% by 2040.

This ambition is built on optimising domestic resource development, expanding production and processing capacities, and strengthening the involvement of Ivorian businesses and talent.

88% Financed by the private sector

PIRME allocates FCFA 11 trillion for the initial phase (2026–2030), FCFA 21 trillion for the second phase (2031–2035), and FCFA 6 trillion for the final phase (2036–2040). The private sector is expected to fund 88% of the overall package, compared to 12% provided by the Ivorian State. By sector, 41% of resources will be directed toward energy, 30% to mining, and 29% to hydrocarbons.

“PIRME represents a paradigm shift in how we approach the extractive and energy industries. What we have observed until now—and this is not unique to Côte d’Ivoire—is that mining, oil, and energy are planned in silos. This fragmented approach restricts the optimal exploitation of natural resources,” stated Mamadou Sangafowa-Coulibaly.

The Minister added that such compartmentalisation overlooks the synergistic links among these three sub-sectors, whose interdependence has intensified amid the challenges of the energy and digital transitions and the reshaping of the global extractive landscape.

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Governance aligned with the National Development Plan (PND)

PIRME serves as the sectoral implementation of the National Development Plan (PND) 2026–2030 for mining, hydrocarbons, and energy. Monitoring and evaluation will fall under the PND monitoring framework overseen by the Vice-President of the Republic, Tiémoko Meyliet Koné.

Within the Ministry of Mines, Petroleum and Energy, an intersectoral committee will steer the policy and conduct midterm reviews under the Minister’s supervision.

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Five programmes, five principles, five objectives

The Minister structured PIRME around five core programme:

  1. reinforcing the regulatory framework and governance,
  2. developing infrastructure and logistics,
  3. executing energy projects,
  4. processing and adding value to resources, and
  5. expanding local content and human capital.

These programmes will be guided by five principles:

  1. balance with agricultural activities,
  2. equity,
  3. environmental sustainability,
  4. cross-sector complementarity, and
  5. transparent governance.

The targets set for this public policy match the government’s ambitions for the sector.

  • By 2035, Côte d’Ivoire aims to ensure that 95% of goods and services required by extractive industries are supplied locally, and
  • that 95% of personnel on offshore rigs and in industrial mines are Ivorian nationals.
  • By the same deadline, the country aims to rank as Africa’s leading gold producer.
  • By 2036, the government aims to position Côte d’Ivoire among Africa’s top five oil producers and make the nation a continental benchmark for long-term planning and responsible, transparent resource governance.
  • By 2040, Côte d’Ivoire is targeted to become the leading energy exporter in the sub-region.

Local content at the heart of the strategy

Local content represents a core pillar of PIRME. The objective is to ensure that Ivorian businesses and workers directly benefit from the sector’s rapid growth by increasing their footprint across the value chain, particularly in the provision of goods and services and local skill development.

The Minister urged domestic entrepreneurs to seize these opportunities, noting that the local content framework is designed precisely to facilitate their access to the sector.

Mamadou Sangafowa-Coulibaly also acknowledged the contribution of technical and financial partners, international investors, and public and private stakeholders mobilised around this goal. “PIRME will not remain a dead letter shelved in our drawers,” the Minister assured.

Have you watched? Supporting local manufacturers through infrastructure build programme

SIREXE 2026: Platform to mobilise investments

Financing PIRME will be central to SIREXE 2026. The event schedule includes a dedicated session with the African Energy Bank, established to support energy project financing across the continent.

This second edition will take place from 18 to 22 November 2026, at the Abidjan Exhibition Center (Parc des Expositions d’Abidjan), with Botswana as the guest of honor, under the theme: “Extractive and Energy Industries: What Infrastructure to Support Economic Development in Africa?“

The programme features SIREXE Invest, a matchmaking platform connecting project promoters with investors, as well as the SIREXE Awards, celebrating sector achievements and innovation.

About SIREXE

The International Exhibition of Extractive and Energy Resources (SIREXE) is an international gathering dedicated to the mining, oil, and energy industries hosted in Côte d’Ivoire. It convenes public authorities, investors, industrial leaders, financial institutions, experts, and economic stakeholders to address the challenges of natural resource development and value creation across Africa.

More About Sirexe

Held under the high patronage of President of the Republic of Côte d’Ivoire Alassane Ouattara, SIREXE aims to solidify the country’s role as a regional hub for dialogue, cooperation, and investment in the extractive and energy sectors.

Following its inaugural edition in 2024, the exhibition returns from again in 2026. Through conferences, business meetings, exhibition spaces, and targeted initiatives such as SIREXE Invest and the SIREXE Awards, the event seeks to foster partnerships, promote local processing, stimulate innovation, and showcase African expertise.

For more information, please visit the Sirexe website

Read More at ESI Africa

Category: Business, NewsTag: ESI Africa
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