More spin-offs from Minister Lisée’s mission to Africa
(Courtesy of Bombardier Inc.)
The September mission to Africa led by Minister Jean-François Lisée, who was accompanied by about a hundred businesspeople, continues to generate spin-offs. Bombardier Aerospace announced recently that it has signed a purchase agreement with Air Côte d’Ivoire for up to four Q400 NextGen aircraft.
For the time being, Air Côte d’Ivoire, the country’s national airline, has signed a conditional purchase agreement for two Q400 NextGen aircraft with options for two additional aircraft of the same model. Based on the list price, the contract for the two firm orders for Q400 NextGen aircraft is worth approximately US$69 million. If the airline converts its two options into firm orders, the contract value will be US$141 million.
Minister Lisée was pleased to announce that 44 commercial and institutional agreements were signed in Senegal, Côte d’Ivoire and Burkina Faso in September, during the Québec government’s biggest-ever mission to Africa.
The Bombardier contract is on top of 22 other partnership agreements announced by businesspeople since the end of the mission. All told, 67 agreements have been signed so far — and another 50 potential agreements are pending.
The African economy is expected to grow at a rate of over 5% over the coming years, and this expansion should create interesting opportunities for Québec businesses.
The African mission and its results are aligned with the objectives set forth in Québec’s 2013-2017 External Trade Development Plan, announced recently by Minister Lisée. The plan is aimed at helping high-potential Québec businesses identify partners and consolidate their presence in foreign markets — making good use of the Québec government’s network of foreign offices.
Export Québec – Africa (in French)
2013-2017 External Trade Development Plan
MRIFCE press room – Côte d’Ivoire mission