The government aims to increase foreign and private investment to 72% of the total and process at least 50% of raw export commodities domestically by 2030.
- Dec 11, 2022, 12:00 PM CST
According to data from the World Bank, the country averaged 7% GDP growth between 2015 and 2019. While this fell to 2% in 2020 amid the crisis, it recovered to 7% in 2021. . It is the number-one producer of cocoa, cashews and kola nuts globally, as well as the leading producer of latex and bananas in Africa.
Other reform initiatives include making paying taxes easier through the creation of an electronic filing and payment system, as well as streamlining value-added tax cash refunds, which can now be done automatically via an online portal. “Increasing and targeting investment flows in high-potential sectors will require a continuation of the government’s current multi-pronged strategy. National entities, including CEPICI, are charged with reinforcing support mechanisms, such as the one-stop shop, to enable private sector activities to be done efficiently and at competitive costs,” Bieffo told OBG.
Belgique Dernières Nouvelles, Belgique Actualités
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