With investment, poultry farm offers new protein supply in Niger

Niger regularly records some of the highest malnutrition and mortality rates in the world—with more than 40 percent of children under 5 years of age suffering from chronic malnutrition—due to protracted food insecurity and prevalent infectious diseases. One solution is eggs, an inexpensive source of high-quality protein. But Niger has a shortfall of 200 million… Read More

In Senegal’s River Valley, Financière Africaine Secures Loans for Farmers

Mr. Madiop Diop, a farmer in northern Senegal, is in the process of acquiring a combined harvester through Financière Africaine, a financial advisory firm offering financial services and investments to small agribusinesses in the Senegal River Valley. The cost of operating the machine is $45,000, but Mr. Diop could rent it to surrounding farmers, achieving… Read More

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

Women-owned businesses and bank officials in Cote d’Ivoire learn how to bridge the finance gap

The Trade Hub rolled out the second phase of the gender access to finance strategy in Côte d’Ivoire this October to build the financial acumen of women-owned small and medium Enterprises (SMEs) and facilitate financing for their businesses. As part of the strategy, the Hub’s finance and investment team organized two three-day trainings for female… 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

Growth financing approved for Nigerian agro-processors

Three Nigerian agro-processors of various sizes have new bank financing totaling Naira 421,706,825 (about $1.35m) for equipment and working capital, thanks to facilitation by the Trade Hub and its financial advisors’ network. Leading cereals processor Graceco Limited received a N350 million (about $1 million) debt facility from the Bank of Industry and Access Bank to… Read More

Promoting access to finance for West African cashew processors

The Trade Hub is promoting large cashew factories to large financial institutions. To date, the nascent larger cashew processors are having difficulties in finding local banks to provide adequate working capital facility loans to purchase raw cashew nuts and cover their operational cost.  For example, a local bank could loan $1million, another $2 million, when… Read More

Communications team documents Hub impact in Côte d’Ivoire

In Côte d’Ivoire, the Trade Hub’s communications specialist, Jessie Lafourcade, teamed with Abt Associates’ senior communications manager, Ms. Leah Quin, to record major project collaborations with Ivorian businesses working in cashew, cereals, and apparel. On May 25, Ms. Lafourcade photographed a meeting between the founders of Ivorienne des Noix de Cajou (INC) and the chiefs… Read More

Trade Hub talks export requirements at food and products conference in Nigeria

On May 26, the Trade Hub participated in the African Foods and Products Exhibition and Conference in Lagos, Nigeria, hosted by the Nigerian American Chamber of Commerce (NACC) and attended by food producers, clothing and textiles manufacturers as well as African handcrafts producers. Dr. Okechukwu Enelamah, the Nigerian Minister of Industry, Trade, and Investment, and… Read More

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