Steel and Pharmaceuticals: 110 Billion FCFA to Boost Ivorian Industry

Author: DJOMANDE AzizPublished on: June 12, 2026Country: Ivory Coast

Business & Economy

Steel and Pharmaceuticals: 110 Billion FCFA to Boost Ivorian Industry

110 billion FCFA is being invested in the Yopougon industrial zone to boost metallurgy and pharmaceuticals, led by Groupe Ivoire Acier and Groupe B5. The project includes a steel plant and rolling mill, creating thousands of jobs and reducing import dependency. CEO Mukesh Thakwani plans to expand into medicine and vaccine production. Minister Kalil Konaté welcomed the investment as a sign of confidence.

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