News

Côte d’Ivoire: World Bank disburses $500 million to develop the cocoa and cashew sectors

  • Comments   -   Friday, 23 March 2018 - 16:34

(Ecofin Agency) - World Bank will grant $500 million to Côte d’Ivoire to develop cocoa and cashew sectors. This information, relayed by Agence ivoirienne de presse (AIP), was announced by Makhtar Diop (photo), the bank’s vice president for Africa.

$300 million will be allocated to the cocoa sector while $200 million will be directed to the cashew sector. The fund should be granted in the first half of 2018 and will specifically be used to boost the crops’ higher-added-value processing.

For the record, the Ivorian government plans to increase its current 31% cocoa processing rate to at least 50% and process the entire cashew yield by 2020.

Espoir Olodo


APPP2018 480x110 ENG

Last weekend, Cradle Arc announced that its PL33/2005 and PL180/2008 prospecting permits...
Read more |  17 September 2018
Last Saturday, Egypt’s oil minister Tarek al-Moulla informed in a release that...
Read more |  17 September 2018
Blue Garnet Ventures, an investment company that invests in African companies specialized...
Read more |  17 September 2018
China would grant $11 billion to Angola, Macauhub indicated last week quoting Africa...
Read more |  17 September 2018
Tunisia plans to issue $1 billion Eurobonds at the beginning of October 2018...
Read more |  17 September 2018
Every payment above EGP100,000 (about $5,500) to government institutions should be done electronically...
Read more |  17 September 2018
This week, the TSXV-listed company Tango Mining, announced that it concluded an...
Read more |  14 September 2018
CI Capital, Egypt’s leading provider of investment banking, is planning to increase...
Read more |  14 September 2018
Last weekend, Cradle Arc announced that its PL33/2005 and PL180/2008 prospecting permits...
Read more |  17 September 2018
Last Saturday, Egypt’s oil minister Tarek al-Moulla informed in a release that...
Read more |  17 September 2018
Blue Garnet Ventures, an investment company that invests in African companies specialized...
Read more |  17 September 2018
Tunisia plans to issue $1 billion Eurobonds at the beginning of October 2018...
Read more |  17 September 2018
Every payment above EGP100,000 (about $5,500) to government institutions should be done electronically...
Read more |  17 September 2018
This week, the TSXV-listed company Tango Mining, announced that it concluded an...
Read more |  14 September 2018
CI Capital, Egypt’s leading provider of investment banking, is planning to increase...
Read more |  14 September 2018

Copyright Agence Ecofin © 2018. All Rights Reserved.