Didier Drogba Secures $15 Billion for Tourism Projects in Côte d’Ivoire

October 9, 2020

3 minutes read

Didier Drogba

International soccer star Didier Drogba has played a pivotal role in securing commitments totaling $15 billion (UShs 55 trillion) to support tourism projects in his home country, Côte d’Ivoire (Ivory Coast). This significant achievement comes ahead of the UNWTO Forum for Africa, scheduled to take place in Abidjan from February 20-22, and the Forum de l’Investissement Hotelier Africain (FIHA) set for March 23-25.

FIHA is renowned for connecting new investors with developers, consultants, contractors, hoteliers, and political leaders. As a UN world tourism ambassador and former Chelsea striker, Drogba has been instrumental in promoting Côte d’Ivoire as a burgeoning tourist destination. The country experienced an impressive GDP growth rate of approximately 8% in 2019 and ranks third in Sub-Saharan Africa for international visitors, attracting 2 million travelers, trailing only South Africa and Zimbabwe.

Matthew Weihs, Managing Director of Bench Events, which organizes FIHA, remarked, “Côte d’Ivoire’s efforts are extraordinary and impressive. This year’s Forum is particularly exciting as funding commitments are secured, and now the focus is on making these projects a reality.” Last year’s FIHA in Marrakech drew 300 delegates from 28 countries.

Under the initiative “Sublime Côte d’Ivoire,” Drogba was part of a team of prominent Ivorian business and political figures, as well as entertainment personalities, who traveled to Dubai and Hamburg. Their efforts resulted in over $15 billion in funding commitments for various tourism projects, including hotels, resorts, and coastal developments. All backers are invited to participate in FIHA.

Philippe Doizelet, Managing Partner of Horwath HTL, the world’s leading hospitality consultancy, has been guiding Côte d’Ivoire’s tourism initiatives. He noted, “This is a blank canvas for the industry, offering exciting opportunities for development. Much needs to be built—hotels, cultural centers, and conference facilities, among others.”

Côte d’Ivoire’s stunning coastline presents excellent “bleisure” (business and leisure) opportunities, with promising locations beyond Abidjan, such as Boulay Island, Bassam, and Jacqueville. Doizelet sees significant potential in mixed-use projects that combine leisure, office, and retail spaces with hospitality, particularly in branded 2-star and 3-star hotels and extended-stay apartments.

Tourism Minister Siandou Fofana is leading the country’s vision to position tourism as a cornerstone of the economy. Doizelet describes him as “visionary and deeply committed,” highlighting his efforts to unite stakeholders and attract top experts.

Weihs concluded, “FIHA and the affiliated Africa Hotel Investment Forum are vital in driving investments in regional hotel and mixed-use projects. These events connect key international and regional players, private and institutional investors with hotel developers and operators, fueling growth in the hotel industry across the continent. The projects promoted at FIHA not only drive tourism investments but also stimulate economic growth, create jobs, and enhance infrastructure in regional markets.”

Share:
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Related Links

Youth farmers

FG Unveils Youth Farmers Portal to Combat Unemployment and Boost Food Security

FG launches Youth Farmers Portal to tackle unemployment and boost food security. The platform provides ...
Savings bonds

FG Targets N1.8tn from Bond Market in Q1, Introduces Two Savings Bonds

Nigeria targets N1.8tn from the bond market in Q1 2025, introduces two savings bonds with ...
GDP rebasing

FG Defends GDP Rebasing Plan as CBN Postpones January MPC Meeting

Nigeria plans to rebase GDP to capture emerging sectors and improve economic planning. CBN delays ...
Equity market

Nigerian Equity Market Rebounds with N54bn Gain After Three-Day Decline

Nigerian equity market rebounds with a N54bn gain after three-day losses. NGX All-Share Index climbs ...

Latest News

Today in History

January 18th is the day in 1944 that the Metropolitan Opera House in New York City hosts a jazz concert for the first time.

Exchange Rate Per Dollar

AM Armenian Dram401.0794
GH Ghana Cedi14.9046
GM Gambian Dalasi71
GN Guinea Franc8,650
NG Nigerian Naira₦1,558.67
CF CFA Franc BEAC636.6969
18 Jan · CurrencyRate · USD
CurrencyRate.Today
Check: 18 Jan 2025 07:10 UTC
Latest change: 18 Jan 2025 07:00 UTC
API: CurrencyRate
Disclaimers. This plugin or website cannot guarantee the accuracy of the exchange rates displayed. You should confirm current rates before making any transactions that could be affected by changes in the exchange rates.
You can install this WP plugin on your website from the WordPress official website: Exchange Rates🚀

YOUR THOUGHTS

Let us know what you think

Contact the People’s Paper with feedback on stories and how we could make wapress.africa even better!

newsletter image

Stay up to date with the latest from West Africa Press

Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on WApress.

Subscribe Newsletter!

Be the first to receive our latest contents and more...

Need help?