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Tourism & Hospitality

Ivory Coast to Resuscitate Tourism after Receiving $6 billion in Investments

by Yinka Akanbi November 25, 2019
by Yinka Akanbi November 25, 2019

Ivory Coast has resolved to create 700,000 jobs through tourism and make it the third pillar of its economy by 2025.

According to Bloomberg, the world’s top cocoa-producing country, in a bid to attract foreign hotel and tour operators, has raised $6.4 billion for its tourism industry during a round-table in Hamburg, Germany.

The West African country has had its tourism sector wiped out due to during a decade-long conflict that split the nation into a “rebel-held north and government-run south”.

Tourism Minister, Siandou Fofana said that the government had signed 12 memorandums of understanding with several companies but didn’t name the companies.

The government’s fund-raising goal of $1 billion has been exceeded after it announced last month that it had received $5 billion dollars in pledges at a similar event in Dubai.

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