Côte d’Ivoire Launches €76m Bond Issue to Rehabilitate the Akouédo Landfill

  • The Ivorian government plans to raise €76.2m for landfill rehabilitation via bond issuance.
  • The government plans to repay the loan in 7 years at an interest rate of 5.8%
  • The landfill is set to be repurposed into an urban park.
The Côte d’Ivoire government is set to launch a bond issuance of CFA 50 billion (€76.2 million) on the regional financial market of the West African Economic and Monetary Union (WAEMU) to finance the rehabilitation of the Akouédo landfill 12 km from Abidjan, which been closed since July 4th, 2019. Subscriptions to the bond are open to investors until August 12th, 2021. The Ivorian government intends to repay this loan in 7 years, with an interest rate of 5.80 per cent. The rehabilitation of the landfill site will require a total investment of CFA121.49 billion (€85.2 million).

The government has selected PFO Africa to rehabilitate the site. PFO  will remodel the landfill to stabilise and secure the waste while filling in gullies and creating retaining walls. The fill will also be lined with a waterproof cover, while peripheral ditches will channel run-off water to the lagoon. In addition, the fermentation of the waste will allow for the production of biogas used to generate produce electricity. PFO also plans to deploy several measures to limit pollution, including digging wells to store leachate and treating effluents before they are released into the environment.

The rehabilitated landfill site will contain a  training and documentation centre dedicated to training about 50 people in environmental management. PFO will also transform the site into a 100 hectares leisure and sports park containing volleyball, basketball and football pitches, a skateboard platform and walking tracks.

Waste from Abidjan will now be sent to the Kossihouen technical landfill and recovery centre (CVET), 26 km from Abidjan. This 100-hectare site has a storage capacity of 4 million tonnes of waste and will process over 1.2 million tonnes of waste yearly – about  90 per cent of all waste produced in the district.

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