Ivory Coast is set to invest 1 billion CFA francs ($1.6 million) to bolster its rubber sector. This move is aimed at strengthening local natural rubber supply chains and prioritizing industrial usage over the export of raw materials.

According to Africa News Agency, this fund allocation is part of a series of new measures focused on enhancing the rubber industry. The support is expected to benefit manufacturers operating in this sector significantly. This initiative reflects the country’s effort to maximize the value of its natural resources by encouraging domestic industrial processing rather than exporting them in their unprocessed form.