# Ivory Coast : The Nexans Group comes closer to the West African market with the inauguration of its factory in Côte d'Ivoire. A project of EUR 15 million, located in Abidjan, and chiefly led by Nexans Morocco, a first in Africa. The details.
Nexans Ivory Coast, which will produce household and industrial cables, but also electric transformers for the entire Western African region, officially opened on November 9 in the new Abidjan industrial area.
With a cost of 15 million euros, or 9.8 billion FCFA, the plant benefits from an investment that places Côte d'Ivoire as part of the Group's development strategy in Africa.
Most of the neighbors of Nexans Maroc, in collaboration with Nexans France, the project also includes the Envol Group, based in the UEMOA zone, which has distributed the Nexans brand in the region for more than 30 years.
Built on an area of 32,000 m², this infrastructure is equipped with the latest generation equipment handled by hundreds of young ivorians trained in Nexans Morocco facilities.
>>> READ ALSO: Côte d'Ivoire: the Moroccan Nexans implant with an investment of 12 million euros
Nexan's presence in Côte d'Ivoire comes in a particularly favorable context for the electricity sector, noted the Ivorian vice president Daniel Kablan Duncan.
The country is pursuing an ambitious policy to expand its electricity production, which is expected to increase from 2 200 MW to 4 000 MW 2020 and to 6000 MW by 2030.
In addition, an ambitious rural electrification program under the PRONER program is under way, with 4,600 electrified villages in 2017, targeting 8,500 targeted villages by 2020, according to Daniel Kablan Ducan.
Between 2014 and 2030, Côte plans to invest Ivoire $ 22.5 billion, or about $ 11 billion CFAF, to meet demand from the country and its neighbors at the same time. said vice president again.
This latest generation investment will certainly benefit the country's largest cable manufacturer. For Abdelkrim Alaoui, CEO of Nexans Côte d'Ivoire, this facility is part of the Nexans Group's development strategy in Africa.
"This is a hallmark of confidence in Côte d'Ivoire, the first economy and the entrance to the WAEMU zone and a proximity to the regional market," he explained. Nexans's Côte d'Ivoire will really cover the Ivorian market and will mainly target the entire WAEMU zone, or even the whole of West Africa.
This investment of EUR 15 million is just the first phase of the development of this Abidjan factory. A second phase should intervene "within two to three years" according to the group's managers, to expand the Nexans Côte d'Ivoire offer.