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
-
China commits 1.6 bln CFA in food shipments to Cameroon
21:20
-
New AFD Funding Supports Progress on Yaoundé Urban Mobility Project
20:45
-
Cameroon Tests CFA5 Billion SME Financing Program Focused on Youth and Women
20:42
-
CEMAC Prepares Regulated Crowdfunding Market to Expand SME Financing
20:40
-
Egypt to Expand Solar Capacity Twelvefold by 2035 (GlobalData)
19:38
-
Africa Gas Demand Climbs 4% to 185 bcm in 2025, GECF Says
19:18
-
Burundi Reshuffle Targets Key Ministries as 2027 Election Nears
18:56
-
The International Insurance Institute opens entrance exam for fourth insurance master’s cohort
18:31
-
Togo: IFAD Steps Up Support for PRIMA, New Investments Expected in 2026
18:10
-
Togo’s CNSS to begin proof-of-life checks on May 4, 2026
18:06
Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...
Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...
Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...
From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...
As the Japanese automaker faces global headwinds, it is doubling down on its operations in Egypt, ai...
Egypt’s solar photovoltaic capacity could rise from 2.9 GW in 2025 to 34.3 GW by 2035, according to GlobalData. Total renewable energy capacity could...
Africa’s natural gas consumption rose 4% to 185 billion cubic meters in 2025, driven by power and residential demand. North Africa led...
President Évariste Ndayishimiye replaces three ministers in his third cabinet reshuffle since 2020. Changes affect health, infrastructure, and...
Both partners target to expand supply chain finance across eight African markets with the deal $1.9 billion deal flow is expected to occurred over...
UK museum to return 45 Botswana artifacts after 150 years Items collected in 1890s; restitution follows Botswana request Return tied to...
The history of Kerma stretches back several millennia. Located in what is now northern Sudan, the site was inhabited as early as prehistoric times....