Business relationship lifts Ivorian cashew farmer incomes

In northern Côte d’Ivoire, M’bengue’s bountiful cashew harvests have made it a strategic production center for the Société Coopérative d’Anacarde du Kafigue (SCAK), which buys raw cashews from 1,400 producers spread over 3,000 hectares there and in surrounding villages. One of them, Kassinibin Coulibaly, started cultivating cashew rather than cotton almost 20 years ago. Since… Read More

Ivorian cashew cooperative wins presidential honor, plans expansion

Côte d’Ivoire’s president awarded one of the Trade Hub’s star performers, Société Coopérative d’Anacarde du Kafigue avec Conseil d’Administration (SCAK COOP-CA), the 2017 prize for best exporting company during an August 7 award ceremony at the presidential palace. “Your merit and good quality work pave the way for the creation of a new Côte d’Ivoire,”… Read More

Cashew data collectors recommend improvements to ACA’s market information service

An African Cashew Alliance (ACA) workshop in early August gathered information from market analysts and data collectors from nine ACA member countries to guide improvements and boost use of its Market Information System (MIS). The August 1-3 workshop in Ouagadougou, Burkina Faso—organized by the African Cashew Alliance with Trade Hub support — will inform a… Read More

Second loan allows Ivorian cashew company to construct modern processing facility

In March 2017, the Ivorian cashew company, Ivorienne des Noix de Cajou (INC) received a loan of $8 million — capital that will enable INC to build a modern cashew-processing facility that will employ 300 full-time staff and secure about 6,000 MT of raw cashew nuts for processing. This loan is the second of two… Read More

New loan allows Ivorian cashew export company to start processing next year, thanks to Trade Hub support

The Ivorian cashew export company, Société Coopérative d’Anacarde du Kafigue avec Conseil d’Administration (SCAK COOP-CA), obtained a loan of $2,916,667  in March 2017 to purchase and export raw cashew nuts, and plans to install a processing plant next year,  allowing the company to expand its service offerings and increase its revenue in the long term.… Read More

ACA brings stakeholders together to plan for next decade

The Trade Hub participated in the African Cashew Alliance (ACA)’s Cashew Stakeholders Forum held in Ghanaian capital Accra on March 29 to develop a joint vision for the growth of the sector in Africa. Organized by the ACA in collaboration with USAID/West Africa and GiZ/Competitive Cashew Initiative (ComCashew), the event presented a detailed status update… Read More

Hub looks to build links with cashew exporters at Côte d’Ivoire trade fair

More than 5,000 visitors and 20 exhibitors and institutional partners met in Abidjan from November 17-19 at the second edition of the International Exhibition of Cashew Processing Equipment and Technologies (SIETTA). With 700,000 tons of cashew produced in 2015, Côte d’Ivoire has surpassed India to become the world’s largest cashew producer. However, only 10% of… Read More

Trade Hub builds capacity of Global Shea Alliance member FIKA-CI in Cote D’Ivoire

A key strategic object of the West Africa Trade and Investment Hub is to build the regional capacity of partners. One example is the collaboration with the Global Shea Alliance (GSA) to promote its organizational sustainability and improve service delivery to its membership. The goal of this collaboration is to increase the amount of shea… Read More

Deal with Coris Bank paves way for $17 million in loans to agro-processors

Through an agreement signed September 8 with Trade Hub, the regional Coris Bank group—with subsidiaries in Burkina Faso, Cote d’Ivoire, Mali, Togo, and soon Benin and Senegal—will award up to $17 million in loans for business expansion of small and medium processors and exporters working in cereals, cashew, shea, and other value chains. The Trade… Read More

Two cashew enterprises in Côte d’Ivoire receive $6.26 million to increase processing capacity

Two cashew businesses in Côte d’Ivoire have benefited from the Trade Hub’s network of Financial Advisors earlier this year, receiving a total of US$6.26 million as working capital and investment for a new cashew-processing facility. This type of financing supports the Ivorian Government’s policy to promote increased cashew processing in-country, generating jobs and furthering investments.… Read More

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