In the Council of Ministers on Wednesday July 07, 2021 in Abidjan, the Ivorian government endorsed the decision of the Autonomous Port of Abidjan (PAA) to increase its share capital to 100 billion FCFA against 16 billion FCFA initially.

At the end of the Council of Ministers, the government spokesman, Amadou Coulibaly, announced an increase in the share capital of the Autonomous Port of Abidjan, increasing it from 16 to 100 billion FCFA. “The Council of Ministers adopted a decree authorizing an increase in the share capital of the state-owned company called Port Autonome d'Abidjan, abbreviated as PAA, and approving its amended statutes. The share capital of this state company goes from 16 to 100 billion FCFA, fully paid up and held by the State of Côte d'Ivoire,” said Amadou Coulibaly. According to him, this increase aims to ''harmonize the company's fixed assets with its share capital and correlatively to strengthen the confidence of financial partners and other international donors who support the PAA on its various projects''. It also aims to strengthen the PAA's equity and support its development strategy.

The autonomous port of Abidjan is one of the lungs of the Ivorian economy. This gateway to and from Côte d'Ivoire is the first port infrastructure in the country in terms of the size and quantity of facilities. Côte d'Ivoire's leading port ahead of San Pedro, the PAA, which claims an annual traffic of 24 million tonnes, has undertaken expansion projects in recent years with a view to positioning itself as the main port and logistics platform in West Africa. the West. At the end of December 2019, the PAA rated “AA-” by Bloomfield Investment had posted a turnover of 88.03 billion FCFA and a net profit of 15.71 billion FCFA, down 27.7% compared to 21 77 billion FCFA made in 2018. This capital increase operation will certainly breathe new life into the port, which remains one of the largest public companies in the State of Côte d'Ivoire.