Tag: cocoa industry

Pact to aid poor cocoa farmers in peril as COVID-19 hits demand

LONDON/ABIDJAN (Reuters) - The steepest dive in cocoa demand in a decade has thrown into jeopardy a plan by top producers Ivory Coast and Ghana to guarantee some two million...

DFIs provide $600mn loan to Ghana’s COCOBOD

The Development Bank of Southern Africa, alongside other development finance Institutions, are co-financing Ghana’s COCOBOD Syndicated Loan Agreement with a total of $600 million in a move aimed at boosting Ghana’s cocoa productivity. Mohan Vivekanandan, Group Executive, Origination and Client Coverage at The Development Bank of South Africa joins CNBC Africa for more.

Ivory Coast tax collection up 5% in 2019

Ivory Coast, the world’s top cocoa producer, accounts for around 40% of the eight-nation West African CFA franc currency zone’s economy.

Understanding how cocoa industry influences the global market

Cote d'Ivoire and Ghana plan to re-examine the Cocoa industry’s sustainability schemes. To discuss this and more stories impacting the global cocoa market, Independent Commodities Expert, Edward George joins CNBC Africa for more.

Here are three reasons why Ghana’s cocoa farmers are trapped by the chocolate industry

The chocolate industry is worth more than $80 billion a year. But some cocoa farmers in parts of West Africa are poorer now than they were in the 1970s or 1980s.

Ghana expected to produce 850,000 tonnes of cocoa in 2019/20 season, at the lower end of average levels…Here’s why

Ghana, the world’s second largest cocoa producer, is expected to produce 850,000 tonnes of cocoa in 2019/20 season, at the lower end of average levels on account of...

Why cocoa companies failed to keep promise to stop Africa deforestation

If deforestation continues unabated, Ivory Coast - the world’s top cocoa producer - risks losing all its forest cover by 2034.

Cote d’Ivoire issues 68 cocoa export licenses

Cote d’Ivoire has issued cocoa export licenses to 68 companies and cooperatives, but one of the country's largest exporters of the commodity is missing from this list. Edward George, Head of Group Research at EcoBank joins CNBC Africa to discuss the cocoa industry in Cote d'Ivoire.
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