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
-
Rwanda Tops Africa in World Bank’s Business Ready 2025 Ranking
20:27
-
Orabank to Close Four Branches in Togo From February 2026
20:13
-
Carrefour Enters Ethiopia After Ghana With New Franchise Agreement
19:32
-
Hardest-to-Reach Initiative Secures $250 Million to Expand Off-Grid Power Access in Africa
19:07
-
Ivory Coast Awaits New Cabinet After Post-Election Resignations
18:58
-
Cameroon Brings Informal Property Brokers Under VAT Rules
16:05
-
Novarea Textile, Togo Apparels Source Join Adétikopé Industrial Platform
16:01
-
Strengthening the Economic Bridge: Outgoing U.S. Ambassador Shares Vision for Future Cameroon-U.S. Investment
12:30
-
Strengthening the Cotton Value Chain: Crédit du Sahel Formalize Strategic Banking Alliance
11:50
-
Cameroon Scores Mid-Table in World Bank’s Business Ready 2025 Report
11:46
The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...
Togo passes new law tightening anti-money laundering and terrorism financing rules Legislat...
Gabon names Thierry Minko economy and finance minister in Jan. 1 reshuffle Move follows tra...
Ethiopia agreed in principle with investors holding over 45% of its $1 billion eurobond due 2...
Heirs Energies acquires M&P’s 20% Seplat stake for $496M, exiting french group Maurel & Pro...
Rwanda ranks first in Africa in the World Bank’s Business Ready 2025 with a score of 67.94. Benin and Senegal enter Africa’s Top 10 for the first time...
Acumen closed a $250 million blended-finance raise for off-grid electricity in sub-Saharan Africa. The H2R Amplify debt fund reached $180...
Ivory Coast expects a new government after the prime minister and cabinet resigned following December 27 legislative elections. The ruling RHDP won...
West African Resources produced 205,228 ounces of gold at Sanbrado in 2025, within its guidance range. Total Burkina Faso output from Sanbrado and...
The Sundance Institute selected three African films from more than 16,000 submissions across 164 countries. The 2026 festival will run from January 22...
Organizers opened submissions for the sixth Annaba Mediterranean Film Festival from Jan. 8 to Feb. 28, 2026. The festival accepts feature films, short...