In brief
The new Integrated Mineral Resources and Energy Policy (PIRME) sets ambitious production and infrastructure targets, with the private sector expected to fund 88% of the projected 38 trillion CFA franc investment. In a related move, a memorandum of understanding covering mining and energy sectors was signed in Gaborone in July, signalling regional cooperation. This article compares the two developments to outline Ivory Coast’s strategy for economic diversification.
Côte d’Ivoire announced the Integrated Mineral Resources and Energy Policy (PIRME) on Monday, outlining a plan to mobilise 38 trillion CFA francs (about $66 billion) by 2040 to develop its mining, oil and energy sectors. The policy, presented by Minister of Mines, Petroleum and Energy Mamadou Sangafowa‑Coulibaly in Abidjan, aims to double the combined contribution of these industries to the country’s GDP to nearly 14 percent.
According to Xinhua, the plan foregrounds a 14 % GDP contribution target for 2040, with private investment covering 88 percent of the total funding. Key projects include a mineral port in San Pedro, railway lines for mineral transportation, and a second oil refinery in the port city, as well as the development of local processing and workforce development initiatives. By that year, the government also intends to raise oil production to 500,000 barrels per day and installed electricity generation capacity to 11,400 megawatts. Renewable energy is to account for at least 45 percent of electricity generation by 2030.
In the mining sector, PIRME sets goals to produce 150 tonnes of refined gold and to locally process 1.25 million tonnes of manganese annually. The policy stresses local value‑chain participation, targeting at least 95 percent of industry demand for goods and services to be met domestically and achieving a 95 percent national workforce on oil platforms and in industrial mines by 2035. The strategy is framed around sustainability, inclusiveness, innovation, governance, and transparency, while balancing resource development with agricultural growth and environmental protection.
Beyond the national policy announcement, a related development was reported from the African mining market website. During the launch of the SIREXE conference in Abidjan from 18 to 22 November 2026, a memorandum of understanding covering the mining and energy sectors was signed on 31 July 2026 in Gaborone, Republic of Botswana. The move signals cooperation among regional actors and may complement the PIRME framework, though the memorandum’s specific terms were not detailed in the source.
While Xinhua’s report articulates detailed figures and timelines for the policy’s objectives, the SIREXE announcement provides a broader regional context, highlighting a collaborative agreement that could facilitate cross‑border infrastructure and investment. Together, the two sources illustrate Côte d’Ivoire’s dual emphasis on a structured national strategy and on regional partnerships to drive economic diversification.