Cote d’Ivoire: Côte d’Ivoire’s CIEC Sees 11 Percent Profit Rise Amid Domestic Demand Growth

TLDR

• Ivorian Electricity Company (CIEC) reports a 10.74% increase in net profit for H1 2024, reaching 4.50 billion FCFA, driven by temporary tax savings.
• CIE achieved an 11.71% increase in domestic sales, adding 420,400 new subscribers, totaling 4.2 million customers in line with the Electricity for All Plan (PEPT).
• Total sales volume rose by 7% to 6,224 GWh, with a slight decline in revenue to 113.52 billion FCFA, mainly due to reduced activity in some services.

The Ivorian Electricity Company…