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
-
Cameroon Steps Up Efforts to Promote Local Rice, Cut Import Dependence
16:59
-
Ghana Leverages Partnerships to Expand Teacher Training in Underserved Areas
16:55
-
Kenya Probes Meta’s Smart Glasses Over Data Privacy Concerns
16:42
-
Senegal Warns Against Unauthorized Starlink-Based WiFi Networks
16:39
-
Nigeria Plans 1,000 New Telecom Towers to Expand Connectivity
16:35
-
Togo flags price risks from Middle East conflict
15:59
-
Togo begins digitizing foreign affairs services in four-week project
15:37
-
Togo adopts draft law to reform competition and consumer protection
15:29
-
Togo earmarks 8.3 bln CFA francs to expand school infrastructure in 2026
15:15
-
Africatek 2025 in Ouagadougou to spotlight AI adoption across Africa
10:17
Novo Nordisk cuts Wegovy prices in South Africa amid competition Move targets rival Eli Lil...
WAEMU posts 3.31 trillion CFA francs trade surplus in Q4 Exports surge 50.4%, led by gold, ...
The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...
Operator explores renewable energy partnership with Italy’s Ascot Energy Move aims to stabilize p...
First investor town hall since 2021 signals renewed engagement with markets Authorities hi...
New teacher training college planned in underserved western region Project backed by government, GTEC, and Ghana Gas partnership Initiative targets...
Regulator investigates data collection and AI training practices Concerns focus on covert recording and handling of sensitive data Case reflects...
Regulator flags illegal resale of Starlink connections Informal networks spreading in underserved areas Violators face prison terms and fines up to...
Government targets underserved areas with new tower rollout Over 20 million Nigerians still lack basic connectivity Project is part of broader digital...
The Bijagos Archipelago, located off the coast of Guinea-Bissau, stands as one of West Africa’s most extraordinary island systems. Made up of around forty...
RFI confirmed the end of “Couleurs Tropicales” following Claudy Siar’s departure after 31 years. The move follows a series of high-profile exits...