Ivory Coast cotton company Citd plans to boost output threefold to 100,000 tonnes within three years,helped by 35 million euros ($38 millon) of assistance from Africa Export-Import Bank, the chief executive said on Friday.
The Companie Ivoirienne pour le Developpement du Textile (Cidt), one of Ivory Coast’s main cotton firms owned by the government, is rebounding along with the rest of the sector after a decade of political turmoil that halved Ivorian output.
The company, which operates in the centre of the country, produced some 120,000 tonnes a year before a 2002-2003 civil war split Ivory Coast in two and slashed output to 14,000 tonnes in the 2008/09 season. Production this year hit 34,000 tonnes.
Mamadou Coulibaly said the financial assistance will be used to purchase seeds for farmers and other farm inputs.
“We aim to hit 100,000 tonnes of production in three years,” Coulibaly said, adding that the number of company farmers rose to 11,000 in 2014/15 season from less than 5,000 during the crisis and 65,000 farmers in 2002.
Ivory Coast’s total cotton output rose 11 percent to a record 450,000 tonnes in the 2014/2015 season compared with the previous season on the back of favourable weather and more farmers. The government plans to boost production to 600,000 tonnes by 2017.