Itari, agreement with Ivory Coast to support breeding and agriculture: projects for 200 million

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A two-year protocol to support the activities of the Ministry of Livestock and Fisheries of Côte d’Ivoire, in a “package” of projects worth 200 million euros. It is the agreement signed by the Ivorian Minister Sir Temoko Toure and Itari, short for Italian resourcess, a company developing business and industrial initiatives in twelve countries of sub-Saharan Africa.

The agreement follows a €74 million project to develop technologies and infrastructures in the poultry sector, which Itare has already launched with Rota Guido, SB Impianti, Banca Intesa Sanpaolo, Sace and 10 other companies in the role of sub-suppliers. From Itare they announced that “advanced discussions” are underway for other projects in both the poultry and dairy sectors, but they could not provide details of the companies involved.

The goal is to strengthen the internal supply chain in Côte d’Ivoire

Itari, born seven years ago, was led by Raul Ascari, Riccardo Vanelli and Giorgio Tratti and closed 2021 with revenues of 725,000 euros and a profit of 9,000. The company has a direct presence in Kenya, Uganda, Tanzania, Senegal, Ivory Coast, Ghana and Cameroon, a tally that rises to 12 countries south of the Sahara if external partners are also considered.

The portfolio includes supply chain projects in the agro-industry and livestock sectors, which are also being implemented under the so-called public-private partnership scheme (Public-private partnership and public-private partnerships), as well as development initiatives for the exports of Italian companies and assistance services for financial institutions. Cooperation with Ivory Coast is part of the country’s strategy to boost agriculture and breeding, with the aim of developing the internal supply chain and freeing ourselves from a supply that is currently dependent on imports.

The International Monetary Fund expects the Ivorian economy to grow by 6.5% in 2023, after it was at a rate of +8.2% between 2012 and 2019, and after surviving a recession also in the year of Covid (+2%). The public debt has grown steadily to 56% in 2022, but it is expected to decrease and is “sustainable in terms of the foreign share”, as President Raúl Ascari explains, on the sidelines of the signature signed at the Rome headquarters of Afafrica. – Confindustria.