Agence Ecofin TikTok Agence Ecofin Youtube Agence WhatsApp

Agriculture

Chad: Olam International to acquire 60% interest in Coton Tchad SN from government  

Wednesday, 25 April 2018 15:51

(Ecofin Agency) - The Chadian government will sell 60% of its stake in CotonTchad Société Nouvelle (CotonTchad SN), cottonseed purchase’s leading company, to the Singaporean Olam International.

This sale agreement, signed last April 23, is in line with the company’s partial privatization which will lead to a reduction of support from the State and a rehabilitation of the cotton sector.

The restructuring is therefore expected to allow the implementation of a program to boost cottonseed production to 300, 000 tons by 2023, from the current 100, 000 tons.

Moreover, Olam will fully finance cotton campaigns, upgrade the cotton oil production’s plant in Moundou as well as all CotonTchad SN’s ginning facilities.

For the record, the Chadian government has so far supported the sector by subsidizing agricultural inputs and equipment and acting as guarantor at Banks for credit granting needed by CotonTchad SN to finance agricultural campaigns.

Let’s recall that cotton is Chad's third largest export product after crude oil and livestock. The sector employs 350, 000 producers and sustains 3 million people.

Espoir Olodo 

 
Finance


 
Mining


 
Telecom


 
Public Management


Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

Benjamin FLAUX
bf@agenceecofin.com 
Téls: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

Please publish modules in offcanvas position.