Investor Presentaiton
JICA
Japanese companies in agro-processing/machinery sector identified a few
consistent challenges and opportunities to improve the business environment
Japanese companies identified three major
challenges in Côte d'Ivoire...
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Difficulties for
✓ local players to
get financing
High cost of
processing
when compared
to other markets
Need for
improvement
in Government
policies
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High interest rate by financial
institutions (e.g. over 20%) prohibits
their customers (contractors) to
purchase farming/processing
machinery
Processing costs are higher in Côte
d'Ivoire due to higher logistics,
management, security, machinery
and maintenance costs
Incentives provided by the
government to promote processing
are short in nature (3-5 years), which
limits long-term planning/investment
Need for the government to promote
local rice farming and processing
Existence of unfair competition due
to some treatment favoring certain
players
... and highlighted some actions that can be
taken to improve the environment
Expectation for
JICA's support
Request for
this market
research
Advocate to Cl government to
remove Pre-export Verification of
Conformity for agriculture machinery
and its spare parts (to avoid extra
time and cost for export from Japan
to CI)
Further advocate importance to
effectively promote local rice
production
Provide funding beyond feasibility
study/piloting phase
Market data on rice farming in Côte
d'Ivoire: information on contractors;
level of mechanization by region;
transport infrastructure; upcoming
investments
Cost benchmarks on processing
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