COCOBOD opens Shea office as government plans to set up board by 2024

GHANA - The government cocoa regulatory agency, Ghana Cocoa Board (COCOBOD) has opened a Shea Unit Office in Tamale to serve as an operational secretariat to develop the industry through supply chain in the region. Meanwhile, the government is planning to set up a Shea Development Board by 2024 in a bid to transition the…

COCOBOD to pump US$600m into cocoa sector to revive the industry

GHANA - The Ghana Cocoa Board (COCOBOD) will invest US$600 million into the cocoa sector in a way to revive the industry in the country, GNA reports. Making the announcement, Mr Joseph Boahen Aidoo, the Chief Executive of COCOBOD said the board had almost finished negotiations to secure the credit facility from the African Development…

COCOBOD to introduce organic fertilizer on cocoa farms

GHANA - The Ghana Cocoa Board (COCOBOD) has unveiled plans to introduce use of organic fertilizer on cocoa farms in another strategy to increase yields and cocoa production in the country. The fertilizers will help in enriching the soil as opposed to use of chemicals and weedicides that has affected the soil fertility and yields…

Parliament approves COCOBOD’s US$1.3bn trade finance for cocoa

GHANA - A US$1.3 billion trade finance facility between Ghana Cocoa Board (COCOBOD) and a consortium of banks and financial institutions for the purchase of cocoa for the 2018/2019 crop season has been approved by the parliament. The facility holds the government of Ghana as the guarantor and was granted on merit that cocoa industry…

Colombia pledges to eliminate deforestation from cocoa supply chain by 2020

COLOMBIA - The government of Colombia, along with cocoa companies Casa Luker and Compañía Nacional de Chocolates, has pledged to eliminate deforestation from the country’s cocoa supply chain by 2020. According to FoodBev, Colombia has joined the Cocoa and Forests Initiative, a global effort to ensure deforestation-free cocoa. The governments of Ghana and Côte d’Ivoire were…

Nestle to reward US$1.08m to cocoa farmers under the Nestlé Cocoa Plan (NCP)

GHANA - Nestle Ghana Ltd will reward US$1.08 million to over 17,615 farmers under the Nestlé Cocoa Plan (NCP) as the company looks to doing business profitably while ensuring sustainable development in the community they operate. The increased premium payment is geared at motivating farmers for quality cocoa production, meet production standards, increase local sourcing…

Cadbury Nigeria to focus on growing market share for profitability

NIGERIA - Cadbury Nigeria Plc has said that it will focus on growing market share, expand and improve its distribution network as a way of achieving sustainable growth as delivering better returns to shareholders, reported the Vanguard Nigeria. As the company strives to retain its market share, the company’s chairman Mr Atedo Peterside noted that…

Barry Callebaut reports 6.9% sales growth in first 9 months of FY 2017/18

USA – Barry Callebaut, the world’s leading manufacturer of high-quality chocolate and cocoa products, has reported grew its sales volume by 6.9% to 1.5 million tonnes in the first 9 months of fiscal year 2017/18. According to the company, it achieved very good volume growth across all regions and product groups in a global chocolate…

UberEats inks product distribution deal with Café Coffee Day (CCD)

INDIA - The American online food ordering and delivery platform, UberEats through UberPortier B.V has entered into an agreement with Café Coffee Day (CCD) for food products distribution in India. According to Coffee Day Enterprises, CCD’s parent company, the partnership will help in expansion across the retail sector, reported ET Retail. "Coffee Day Global Ltd…

Ghana Cocoa Board to boost cocoa production to one million metric tonnes

GHANA - Ghana’s Cocoa Board (COCOBOD) has announced that it expects to increase cocoa production to one million metric tonnes as a result of combined efforts to improve crop yield, reported GNA. According to Dr. Yaw Adu Ampomah, the Deputy Chief Executive, COCOBOD, the Board was also charting a new course that would enable it…