Technical analysis of the Sucrivoire group's business plan (Côte d'Ivoire)

Sucrivoire is a subsidiary of the SIFCA group that operates two sugar complexes: Borotou-Koro (6,235 ha) and Zuenoula (6,449 ha). Over the past few years, Sucrivoire has been facing a difficult agricultural, operational and financial situation, which has significantly reduced its profitability. As such, a reorganisation plan was adopted by the Board of Directors at the end of 2022. PROPARCO held discussions with Sucrivoire with a view to granting a credit line to support this plan. Sucrivoire and PROPARCO commissioned Ginger SOFRECO to analyse the situation and provide a reasoned technical assessment and validation/invalidation of the assumptions made in the business plan.