Barry Callebaut expands its plant craft range with new dairy-free chocolate

UK – Barry Callebaut has introduced a new 100% dairy-free ‘M_lk Chocolate’ as part of its ‘Plant Craft’ Indulgence range seeking to meet the growing consumer demand for plant-based confectioneries. The new dairy-free ‘M_lk Chocolate’ is made […]

Cocoa cooperative in Côte d’Ivoire receives backing from ABC Fund

COTE D IVOIRE – Socak Katana, a cocoa cooperative in Côte d’Ivoire has received an undisclosed amount of investment from the Agri-Business Capital Fund (ABC Fund), managed by Bamboo Capital Partners, in partnership with Injaro. […]

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 […]