Belgian chocolate maker Belvas plans €1mln investment in Côte d’Ivoire
Tuesday, 04 February 2020 16:41
The Belgian chocolate maker Belvas announced plans to build a fair trade chocolate plant in Côte d’Ivoire, by September 2020. The project is valued at €1.05 million and the company has already raised €250,000 through the investment platform Lita.co.
The remaining amount will be provided by the Ivorian cooperative Ecookim, King Baudouin Foundation, and the Belgian cooperation. The working capital to pre-finance harvests and pay farmers will come from social fund kampani and Alterfin.
According to Belvas, the project will not only create jobs but will also allow nearly 300 households to sell cocoa at fair prices. “The project does not have an economic objective. The money and job generated will benefit Ivorians. The plant will be managed by Kimvas, a joint venture between EcooKim and Belvas, and EcooKim has the majority stake,” said Thierry Noesen, CEO of Belvas.
André Chadrak
Live News
-
Togo: Government Adopts 2026 Draft Finance Bil
16:36
-
China Overtakes EU to Hold Majority of Cameroon’s Industrial Equipment Market
16:34
-
Tanzania Names Angellah Kairuki to Lead ICT Ministry
16:32
-
Congo: Kokamba Platform Eases Corporate Management
16:26
-
Petroleum: Glencore’s Cameroon Output Drops 31% by End-September
16:17
-
Africa Turns to Multilingualism to Fill High-Skill Jobs
16:10
-
Somalia Enforces Mandatory Electronic Tracking for All Port Cargo
16:04
-
Tanzania’s LimaBot Uses AI to Cut Crop Losses
15:46
-
Togo and Benin Set 30% Agricultural Trade Growth Target Under PRIMA
15:08
-
Tradex to Invest CFA10 Billion in Equatorial Guinea Network in 2026
14:38
DRC minister visited Huawei China center to boost AI training cooperation Talks focused on launch...
China says Premier Li Qiang will attend instead of President Xi Jinping The U.S. and Russia also ...
After two years of limited testing, WhatsApp will soon let users and businesses hide their phone num...
Public Eye claims over 90% of Cerelac samples in Africa contain added sugar, averaging 6 g per por...
MTN Innovation Lab hosts Africa HealthTech Export 2025 Bootcamp in Cotonou Event targets s...
China lifts its market share from 23.8% in 2016 to 52.5% in 2024, gaining 28.7 points. Imports of industrial machines more than double, rising...
The NICTBB backbone already covers 78% of Tanzania and receives 73 billion TZS (≈ USD 30 million) for its next expansion phase. Tanzania is...
Glencore’s attributable production falls to 122,000 barrels over nine months, down from 176,000 barrels in 2024. Cameroon’s government revises...
ECOWAS launched the second phase of PAMCIT to expand training in translation and conference interpreting. The global market for professional...
Orange Egypt and Qatar’s Qilaa International Group have partnered to develop WTOUR, a digital platform offering trip planning, hotel bookings, local...
Singita will invest $60m to build a 60-bed lodge on Santa Carolina Island and $42m in projects across the Bazaruto Archipelago. The...