US trader Cargill plans $120.5 mln agribusiness investment in Côte d’Ivoire
Monday, 02 September 2019 16:34
US trader Cargill announces it plans an investment of $120.5million in the agribusiness sector in Côte d’Ivoire. Specifically, the company wants to finance the expansion of its cocoa grinding plant Micao.
Works will be carried out in two phases, the first phase will be completed in April 2020 and the second in April 2021. After it is done, the plant’s annual capacity will increase from 110,000 to 170,000 tons.
In April 2018, the American group unveiled a project to expand its cocoa grinding plants in Côte d'Ivoire and Ghana. This initiative is part of its strategy to increase its beans processing activity by 2 to 3% per year.
Chamberline Moko
Live News
-
Kenya Puts Three Insurers Under Administration Over Financial Strain
12:20
-
U.S. and Togo Seek to Deepen Security and Development Ties
12:18
-
Smartphone competition in Togo shifts toward AI features
12:09
-
Cape Verde Turns to Portugal to Align Its Education System With Global Standards
11:55
-
Zimbabwe steps up ZiG adoption drive with nationwide campaign ahead of April rollout
11:51
-
French Group Drives Cameroon Banana Exports Up 36% in January
10:53
-
Global Cocoa Surplus Pushes Cameroon Farm Prices Down by Up to 75%, Batters Farmers
10:27
-
Togo’s Yas, Moov Top WAEMU Mobile Internet Rankings in 2025
10:05
-
Deel opens applications for 2026 global startup pitch competition
09:43
-
Botswana rolls out innovation accelerator for climate, digital startups
09:31
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
Since its 2019 IPO, Airtel Africa paid Deloitte over $37 million in audit and non-audit fees,...
CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA trai...
World Bank announces $137 million to boost West Africa digital economy Program expands broad...
ECOWAS is proposing a regional digital platform for passengers to file and track complaints online...
U.S. and Togo discuss expanding cooperation on security and migration Washington continues support for stability efforts in northern...
Cape Verde partners with Portugal to roll out international student assessments The move aims to benchmark performance and improve education...
Government suppliers assured continued access to foreign currency despite shift to ZiG payments RBZ campaign reaches 610,000 people across 48...
Repeated attacks on fiber infrastructure disrupt telecom services Incidents highlight vulnerability of a recently deployed national...
Event highlights growing role of diaspora entrepreneurs across multiple sectors Networks support trade, investment and SME...
Afreximbank launches Impact Stories season two highlighting trade-driven transformations Series features projects across Africa and Caribbean, from...