WAMCO Is Back Makes $2m Profit

WAMCo, a cocoa processing company in Takoradi in the Western Region, is back to business and already making profit. The company was shut down for close to three years after Cocobod, under the erstwhile Mahama administration, allegedly stopped supplying cocoa beans to the company, forcing a total of about 254 employees of WAMCo to be […]

NIRSAL guarantees N2b facility for cocoa

T he Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) is providing a-50 per cent Credit Risk Guarantee (CRG) for N2billion working capital facility to a cocoa processing and export company in Ondo State with. As part of the plan, the Nigerian Export-Import Bank (NEXIM) and UBA are financing the purchase, storage, processing and […]