News

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

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

African Development Bank (AfDB) has finalized a $50 million equity participation investment in...
Read more |  20 April 2018
In Côte d'Ivoire, newsstand sale generated $5.6 million in 2017, down 18.8% from...
Read more |  20 April 2018
In Egypt, three power plants built by Siemens in Beni Suef, Brulus and...
Read more |  20 April 2018
Bassari Resources announces today April 20, the creation of Makabingui Gold Operation, a...
Read more |  20 April 2018
Mali’s national coordination of farmers’ organizations (CNOP) organized last April 17 a sharing...
Read more |  19 April 2018
African Development Bank (AfDB) has finalized a $50 million equity participation investment in...
Read more |  20 April 2018
In Côte d'Ivoire, newsstand sale generated $5.6 million in 2017, down 18.8% from...
Read more |  20 April 2018
Bassari Resources announces today April 20, the creation of Makabingui Gold Operation, a...
Read more |  20 April 2018
Mali’s national coordination of farmers’ organizations (CNOP) organized last April 17 a sharing...
Read more |  19 April 2018

Copyright Agence Ecofin © 2018. All Rights Reserved.