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Ryan Otto, Managing Director of South Africa’s Megatron Federal, and an Executive Director of Ellies Holdings, met with Côte d’Ivoire’s Prime Minister, Daniel Kablan Duncan, in Abidjan last week. During their visit, Megatron Federal signed a Memorandum of Understanding with the Ministry of Energy to develop hydroelectric projects in Missiliou and Marabadiassa, Côte d’Ivoire.
Côte d’Ivoire is proud to host Standard Bank’s Francophone African hub office. As the largest economy in the CFA zone, Côte d’Ivoire is the ideal launchpad for businesses looking for a foothold in this 300 million strong regional marketplace, and we look forward to working with Standard Bank and its clients to realise our economic potential.
Standard Bank identifies Francophone Africa as Next Frontier for Continent’s Investment Boom
Standard Bank plans to use its presence in the Ivory Coast to expand its service offering across the rest of Francophone Africa
ABIDJAN, Côte d’Ivoire, May 9, 2014/African Press Organization (APO)/ — Standard Bank (http://www.standardbank.com) plans to use its presence in the Ivory Coast (Côte d’Ivoire) to expand its service offering across the rest of Francophone Africa, which the lender believes is poised to experience an investment boom as foreign companies are lured by the region’s mineral wealth and economic growth.
Watch the video “Stanbic IBTC’s part in the West African Growth story”: http://youtu.be/DYL_zKEUbjc
Download the infographic “Gateways to West Africa”: http://www.photos.apo-opa.com/plog-content/images/apo/photos/gateways-to-west-africa.jpg
Africa’s largest lender opened its Ivory Coast representative office in the capital city of Abidjan in November last year to service its 145 clients with…
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This Friday, February 28, 2014, KPMG will host a dialogue on business and investment opportunities in Côte d’Ivoire at its offices in Park Town, Johannesburg, South Africa.
With growth of 9.8% in 2012, and 8.7% in 2013, Côte d’Ivoire is becoming an increasingly attractive investment destination and base for multinationals in West Africa. If you are in Johannesburg this Friday and would like to learn more about doing business in Côte d’Ivoire, you won’t want to miss this opportunity.
For further details and registration information, please see KPMG Africa’s Blog.
South Africa’s Megatron Federal to Build 3,000 New Homes & Expanded Polystyrene Panel Factory in Côte d’Ivoire
On January 24th, Mr. Loukimane Camara, CEO of Côte d’Ivoire’s Société Ivoirienne de Construction et de Gestion Immobilièr (SICOGI), signed a Memorandum of Understanding (MoU) with Mr. Ryan Otto, CEO of South Africa’s Megatron Federal, for the construction of 3,000 homes and an expanded polystyrene panel factory in Côte d’Ivoire by the end of 2015. As a leading company in infrastructure and real estate development in sub-saharan Africa, Megatron Federal will apply its innovative construction technology to building high quality homes in Côte d’Ivoire at affordable prices. Under terms of the MoU, Megatron Federal is committed to use local subcontractors and labor wherever possible, a process that will also transfer technology and skills, while creating 20,000 new jobs in the construction industry.
This partnership, which was concluded with support from Côte d’Ivoire’s Economic and Trade Office in Johannesburg, puts Côte d’Ivoire one step closer to reducing its severe housing shortage. Côte d’Ivoire’s Economic and Trade Representative, Mr. Patrice Mallet, says “Megatron’s turkey solution will help more Ivorians become homeowners, providing comfortable homes that are well-suited to Côte d’Ivoire’s tropical climate.”
Expanded Polystyrene, the material that will be used in the homes Megatron Federal plans to build in Côte d’Ivoire, is a new construction material which is light, yet extremely strong and moisture resistant. It is now internationally recognised as an advanced alternative to traditional construction materials.
SICOGI, the Ivorian partner, has been planning Côte d’Ivoire’s urban landscape and building homes domestically since 1962. As a government entity, SICOGI benefits from the full backing and support of the Ivorian state. However, its CEO and staff are empowered to operate with the flexibility and efficiency of a private firm, which has made SICOGI Côte d’Ivoire’s leading home builder.
Megatron Federal, a South African company, headquartered in Johannesburg, has been in business for over 15 years. They have completed projects in over 20 African countries and operate 10 factories in Kempton Park, Johannesburg. Megatron Federal’s four divisions focusing on housing, power, telecoms, and water allow it to provide clients with seamless turnkey solutions. Megatron Federal owned by Ellies Holding Ltd, a publicly listed company on the Johannesburg Stock Exchange (JSE), which was the JSE’s top performing share in 2012.