Eyes expanding Nigeria’s value in $67bn cocoa market The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), has provided Russet Limited, a major cocoa sourcing and exporting company located in Lagos State, with 50 percent credit risk guarantee (CRG) on a working capital facility worth N1.15 billion. According to a statement by the $500 […]

Managing Director, ADT Russet Ltd, Mr. Charles Eteri (left); Managing Director/CEO, NIRSAL Plc, Mr. Aliyu Abdulhameed; and Mr. John Chukwu, Regional Head, Keystone Bank during the NIRSAL-ADT Russet Ltd CRG Project Launch in Lagos.<br /> • ADT Russet Ltd to export 4,000MT yearly As the world global cocoa market value hits $67 billion, the Nigeria […]

A key agreement has been signed by Ghana’s Cocoa Board (COCOBOD) and Swiss equipment and systems business, Bühler, to build the West African nation’s local cocoa processing capacity, as well as boost training and technology development, writes Neill Barston. According to the organisation, the move is seen by the region’s government as central to its […]

Ghana Cocoa Board (COCOBOD) has signed an agreement with Bühler of Switzerland, one of the world’s biggest cocoa processing and chocolate making companies, to process more of Ghana’s cocoa. As part of the agreement, Ghana will also benefit through training, product development and technology guidance to build its local capacity in cocoa processing and value […]

The signing of the memorandum of understanding by the Ghana Cocoa Board with the Swiss cocoa processor, Buhler, to process Ghana’s cocoa into finished products for the local and the international market is one of the leading stories in the Ghanaian press on Wednesday.The Graphic reports that Ghana Cocoa Board (COCOBOD) has signed a memorandum […]

Artisanal cocoa processors in the country have called on the government to provide them with the necessary support to expand their businesses and enable them to fully participate and benefit from the African Continental Free Trade Area (AfCFTA). The Vice President of the Cocoa Value Addition Artisans Association of Ghana (COVAAAGH), Mrs Ida Dela Kuekey […]

One-District, One-Factory (1D1F) Following Ghana’s independence in 1957, the Nkrumah government embarked on an industrialization drive that saw manufacturing’s share of GDP grow from 10% in 1960 to 14% in 1970. This growth resulted in the establishment of a diverse range of industrial enterprises, the most notable of which are the Volta Aluminum Company (Valco) […]