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Tuesday, April 23, 2024

CDG Capital, CDC-Côte d’Ivoire Ink Cooperation Agreement

Côte d’Ivoire’s Caisse des dépôts et consignations (CDC-CI) Director General Lassina Fofana on Tuesday signed a cooperation agreement with Morocco’s Caisse de dépôt et de gestion (CDG)

The agreement, signed in Abidjan, concerns the establishment of a subsidiary of the CDC-CI in charge of the management of the Long Term Investment Facility (LTIF), within the framework of the Competitive Value Chains for Employment and Economic Transformation Project (CCEPET).

The signing of this specific partnership is part of the cooperation agreement established last February between CDC-CI and the Groupe CDG, which had endorsed the willingness of both funds to intensify, diversify and consolidate their collaboration in several areas.

The CDC-CI solicited CDG Capital, a Groupe CDG subsidiary, specialized in financial engineering and investment consulting, to accompany it in the implementation of the LTIF.

CDG Capital’s support to CDC-CI within the framework of this agreement will focus on the legal and organizational structuring of the LTIF, the preparation of the various terms of reference in conjunction with the PCCET and the operational support in the implementation of the LTIF.

The CDC-CI chief and his counterpart at CDG Capital welcomed the signing of the agreement and pledged to work in synergy for the successful implementation of this agreement.

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