Ivory Coast Sees Oil, Gas Spurring Growth in Next Five Years

Ivory Coast’s economic growth is poised to accelerate in the next five years as the country sees an increase in oil and gas activity, Planning and Development Minister Kaba Niale said.

“We can do a much stronger growth rate in the coming five years,” Niale said in an interview at an African Development Bank conference in Rabat, Morocco’s capital, on Wednesday. A “strong increase” in production of fossil fuels will raise oil output to at least 200,000 barrels per day in the years 2027 to 2028, she said.