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
-
JA Africa and Google Partner to Train 250,000 Children in Online Safety by 2027
07:17
-
Togo’s Fadila Ménage Connects Clients With Trained Domestic Workers
07:09
-
Koshiek Karan Builds Tools to Democratize Investment and Financial Education
07:06
-
Temitope Omotolani Launches Platform for Saving, Investing and Managing Payments
06:57
-
Crédit Foncier net profit jumps to CFA2.2bn in 2024 on lower risk costs
03:08
-
Cameroun weighs private concession for Semry rice mills
03:05
-
Cameroun sees weak midyear revenue from Chad–Cameroon oil pipeline
03:02
-
Togo Business Chamber, IMF Discuss Better Targeting of Private-Sector Financing
02:36
-
Work On Togo’s Grid Expansion Hits 34% Completion In Kara
14:06
-
Access Bank, Partners, Unveils Project to Support Women Entrepreneurs
14:03
(MCB) - The Mauritius Commercial Bank Limited (“MCB”) has successfully granted a strategic financing...
Anthropic, Rwanda’s government, and ALX launched Chidi, an AI mentor built on Claude. It wi...
S&P upgrades Zambia to CCC+ as debt talks advance and copper output rebounds. About 94% of $...
Government, ESCWA, and experts meet to shape national framework Plan aims to fight corruption, c...
ECOWAS launched the second phase of PAMCIT to expand training in translation and conference inte...
Environmental study confirms a 2026 start for the first 500 MW phase Project includes 1000 MW of solar capacity and 200 MWh of storage Egypt...
AEE Power plans a 14.04 MW hybrid mini-grid for the city Network to include solar, battery storage, and backup thermal generation System...
Army general Horta N’Tam is sworn in as transition president for one year Ceremony follows a military coup and arrests of top political and...
Government creates a multisector commission to implement drug-testing rules in schools and training centers. Medical teams will conduct periodic...
Hidden deep within the Arabuko-Sokoke Forest on Kenya’s coast near Malindi, the ancient city of Gedi stands as one of East Africa’s most intriguing...
Orange Egypt and Qatar’s Qilaa International Group have partnered to develop WTOUR, a digital platform offering trip planning, hotel bookings, local...