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• EddyHBCU 8 hours ago

  Manufacturing
  The Ivoirian industrial sector retains much of the legacy of a colonial policy founded on export rather than the more desirable expansion of the local market. Many French and Lebanese companies shifted their he ...
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  Manufacturing
  The Ivoirian industrial sector retains much of the legacy of a colonial policy founded on export rather than the more desirable expansion of the local market. Many French and Lebanese companies shifted their headquarters to Abidjan after Dakar lost its status as the federal capital of the French West African federation when the regions in it became independent countries. More than 700 industrial companies were registered in the mid-1980s, but most of them were kept at low levels of activity, because of reluctance to invest capital locally and competition for skilled labourers. Nevertheless, the country became one of the best-equipped in western Africa. Since the beginning of the 1990s, the government has made a serious attempt to privatize many state-owned companies, including electricity and water utilities, as well as palm-oil and sugar companies.

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