US trader Cargill plans $120.5 mln agribusiness investment in Côte d’Ivoire
Monday, 02 September 2019 16:34
US trader Cargill announces it plans an investment of $120.5million in the agribusiness sector in Côte d’Ivoire. Specifically, the company wants to finance the expansion of its cocoa grinding plant Micao.
Works will be carried out in two phases, the first phase will be completed in April 2020 and the second in April 2021. After it is done, the plant’s annual capacity will increase from 110,000 to 170,000 tons.
In April 2018, the American group unveiled a project to expand its cocoa grinding plants in Côte d'Ivoire and Ghana. This initiative is part of its strategy to increase its beans processing activity by 2 to 3% per year.
Chamberline Moko
Live News
-
Ghana Accelerates Implementation of Energy Transition Plan
03:42
-
Namibia’s President Nandi-Ndaitwah Takes Control of Industry, Mining and Energy Portfolio
03:39
-
Nigerian Finmal Finance Seeks to Launch Chad's First Islamic Bank
03:36
-
Mali Shuts Schools Amid Fuel Crisis and Security Threats
20:01
-
Ivorian Sébastien Kouassi launches EmploiRapide.Net to tackle youth unemployment
15:45
-
Chad names Zara Ahmed Sedick to head newly created AI Directorate
15:17
-
São Tomé and Príncipe, FAO launch platform to digitize agriculture
14:57
-
AFD opens green funding for Togo’s cocoa cooperatives
14:15
-
Togo inflation slows to 0.8% in September as food prices decline
13:57
-
Paul Biya declared winner of the presidential election with 53.7% of votes cast
13:34
Sonatel is a major telecom company in West Africa that investors trust, offering steady growth and...
Wave launches Wave Bank Africa in Côte d'Ivoire with $32M capital Move follows €117M fu...
Cameroon's Constitutional Council declared Paul Biya the winner of the presidential election, secu...
ECOWAS will integrate AI into its early warning systems to strengthen crime prevention and intelli...
NGE wins two contracts for sanitation, coastal protection in Senegal Projects target Dakar’s Hann...
Ghana targets carbon neutrality by 2070 under a $550 billion transition plan. Renewables represent less than 2% of the energy mix while...
President Netumbo Nandi-Ndaitwah removes Industry, Mines and Energy Minister Natangwe Ithete. Namibia seeks to accelerate development of offshore...
The government suspended all schools and universities until 9 November due to transport disruptions. Fuel shortages stem from repeated jihadist...
Methane drives about 30% of global warming since the industrial era and warms the planet 80 times faster than CO₂ over 20 years. Only 12% of...
The Eyo Festival, also known as the Adamu Orisha Play, stands among the most iconic cultural events in Lagos, Nigeria. This traditional Yoruba procession,...
Asmara, the capital of Eritrea, is often described as Africa’s modern city for its remarkable architectural heritage and forward-thinking urban design....