Nestlé partners with IDH Sustainable Trade Initiative to increase food security

WEST AFRICA – Nestlé has signed a Memorandum of Understanding with IDH Sustainable Trade Initiative, as part of the Grown Sustainably in Africa (GSA) programme. The three-year partnership aims to support 25,000 farmers and 50 Small and Medium Enterprises (SMEs), as well as open-up new markets for them in Cote d’Ivoire, Ghana and Nigeria, increasing employment and food security. The collaboration seeks to develop and empower these farmers and SMEs to help Nestlé meet its goal of boosting from 60% to more than 70% by 2022, it’s responsibly and regionally…

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Nestlé joins public-private coalition to boost quality education in Ivory Coast

IVORY COAST– Nestlé has joined the Child Learning and Education Facility (CLEF) and the Early Learning and Nutrition Facility (ELAN) coalition to combat child labor and provide a good start in life and quality education for all children in rural communities in Ivory Coast. The CLEF & ELAN coalition is a pooled financing facility, and the first public-private partnership focused on scaling investments of 150million Swiss Francs (US$154.8m) to promote effective learning and early childhood development at scale in Côte d’Ivoire. Members to date include the Jacobs Foundation who has…

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Ferrero makes significant progress towards ending deforestation in cocoa sector

WEST AFRICA – Italian manufacturer of branded chocolate and confectionery products, Ferrero has reported significant progress on its action plan to protect and restore forests in Côte d’Ivoire and Ghana cocoa sector. This is part of the Cocoa & Forest Initiative (CFI), a partnership between the two countrys’ governments and the cocoa and chocolate industry, to contribute to ending deforestation to end deforestation in the cocoa sector. “We can say with confidence that we are on track and even ahead of schedule to reach our CFI targets for 2022. For…

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Nestlé achieves key sustainability milestones in Ghana, Côte d’Ivoire

WEST AFRICA – Nestlé, the Swiss multinational food and drink processing company has reported significant progress in its efforts to help end deforestation and restore forests in its cocoa supply chain in Côte d’Ivoire and Ghana. In 2017, Nestlé joined the Cocoa & Forests Initiative in collaboration with the governments of Côte d’Ivoire and Ghana with the cocoa and chocolate industry, to contribute to ending deforestation. This was later followed by Nestlé releasing a detailed plan to support these collective efforts and act in its Nestlé Cocoa Plan supply chain In March 2019. According…

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Mars expands collaboration in women focused agribusiness initiative with US$10m investment

WEST AFRICA – Mars, the global manufacturer of confectionery, pet food, and other food products has partnered with CARE, a leading humanitarian organization fighting global poverty, to promote women’s social and economic empowerment in cocoa-growing communities in Côte d’Ivoire and Ghana. CARE and Mars Wrigley are building on the success and learnings of their Village Savings and Loans Association (VSLA) initiative with an investment of US$10m to aid them to expand beyond the 12,000 members they have supported through mid-2019. Through the initiative they are targeting to reach 50,000 more…

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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. Being the first investment by ABC, it will help the cocoa farmers secure market access and revenue. Located in the North Western Region of Côte d’Ivoire, Socak Katana has over 2,700 members and procures raw cocoa from its members before processing, transporting, storing and selling the cocoa beans to local and international buyers. In addition…

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Nestle teams up with regional partners to launch youth-focused initiative in Africa

AFRICA – The multinational food and drink processing conglomerate corporation, Nestle in partnership with its regional partners has launched the Regional Alliance for YOUth in Sub-Saharan Africa. This joint effort is part of the company’s business-driven movement ‘Alliance for YOUth’ with a focus on creating and implementing employability programs, mentorship and training designed to equip young people with essential workplace skills. The alliance will combine the efforts of partner companies on hiring, skilling up and training young people by targeting tier three and four universities and vocational schools in and…

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Côte d’Ivoire, Ghana cocoa farmers to reap from the newly introduced premium living income

WEST AFRICA – Ghana and Côte d’Ivoire have agreed to sell cocoa with a premium Living Income of $400 a tonne added to the price in a bid to address a perceived imbalance between farmers’ incomes and money made by big commodities traders, reports Reuters. In a move aimed at easing pervasive farmer poverty in the countries who together produce more than 60% of the world’s cocoa led to the introduction of a living income differential (LID) in July on all cocoa sales for the 2020/21 season. This is a…

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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 capacity from the current 110,000 to 170,000 tons. The expansion will be carried out in two phases, the first phase will be completed in April 2020 and the second in April 2021. This initiative is part of Cargill’s strategy to increase its annual beans processing activity. Cargill is one of the leading cocoa grinding companies…

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The International Cocoa Organisation determined to forge ahead with relocated African headquarters

IVORY COAST – With the recently relocated International Cocoa Organisation (ICCO) headquarters from London to Abidjan, in Ivory Coast, the ICCO is poised to deliver more on its goals. The ICCO headquarters were moved to the world leading cocoa producer, Ivory Coast, in July 2017, which has been describe by the global organization as a “turning point that will bear fruit in the years to come.” According to data from ICCO, Africa accounts for almost 76% of world cocoa output, experts have argued it makes sense to have the headquarters…

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