Cargill invests US$113m in Ivory Coast and Ghana cocoa processing expansions

WEST AFRICA – Global agribusiness company, Cargill will be investing over US$113 million to expand its cocoa processing sites in Yopougon, Ivory Coast and Tema, Ghana. The company is planning to invest US$100 million to […]

Olam Cocoa unveils sustainability ambitions for the future of the cocoa sector

SINGAPORE – Olam Cocoa, one of the world’s leading cocoa suppliers, has announced its sustainability ambition for the future of the cocoa sector, committing to a child labour free supply chain and greater forest protection […]

China Development Fund to co-finance US$100m cocoa processing plant in Ghana

GHANA – The Ghana Cocoa Board (COCOBOD) has entered into a public private partnership with the China Development Fund and Genertec International Corporation to establish a cocoa processing plant at Sefwi Wiawso, Western region Ghana […]

Ghana’s Niche Confectionery secures US$8.82m financing to expand production capabilities

GHANA – Niche Confectionery Ltd, a chocolate manufacturer and subsidiary of Niche Cocoa Ltd Ghana has signed a US$8.82 million financing agreement with The Netherlands Development Finance Company (FMO) to support expansion of its cocoa […]

Ghana’s cocoa regulator secures US$1.3bn loan to finance cocoa purchasing

GHANA – The Ghana Cocoa Board (COCOBOD) has secured US$1.3 billion from a consortium of 24 International French banks to aid in financing the purchase of cocoa in the 2019/2020 crop season. Sources at COCOBOB […]

Mondelez International commits to sourcing 100% of cocoa from Ghana by 2025

GHANA – Mondelez International, world’s leading chocolate company, through its Cocoa Life Sustainability Programme plans to increase its 40% cocoa sourcing from Ghana to 100% by 2025, reports Ghanaian Times. The head of Cocoa Life […]

Cargill plans US$120.5m investment in expanding Côte d’Ivoire’s cocoa grinding plant

CÔTE D’IVOIRE – Multinational agribusiness company, Cargill has unveiled plans of investing US$120.5million in expanding its cocoa grinding plant in Micao, Côte d’Ivoire, reports Ecofin. The investment will see the company increase the facility’s annual […]

Hershey to acquire One Brands for US$397m to boost nutritional snacks segment

USA – American chocolate giant, The Hershey Company has entered into an agreement to acquire low-sugar and high protein bars maker One Brands for US$397 million. Hershey, which recently made a minority investment in Irish […]

Barry Callebaut expands in Indonesia with second chocolate plant

INDONESIA – Switzerland-based chocholate and cocoa products producer, Barry Callebaut has inaugurated its second chocolate manufacturing plant in Rancaekek, Indonesia. The new factory follows Barry Callebaut’s “plant in plant” concept, where the Group integrates new […]

World Bank and Ghana join forces to combat carbon emissions in cocoa producing regions

GHANA – The World Bank and Ghana have agreed to work together in a five-year programme that seeks to reduce carbon emission and promote climate-smart cocoa production. The five-year Emission Reductions Payment Agreement (ERPA) under […]