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

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

AGOA outreach workshop guides Ghanaian companies through export financing

An April 28 workshop continued a series of Trade Hub-led outreach and information events to help Ghanaian businesses understand the basics of the U.S. African Growth and Opportunity Act (AGOA). Co-hosted with the Ghana Chamber of Commerce and Industry (GCCI) in Accra, the one-day workshop focused on export financing, specifically contracts and payments. Mr. William… 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

In Ghana, agribusiness exporters learn how to access finance to grow their businesses

Seasoned and potential Ghanaian agribusiness exporters from various value chains—including cashew, shea, cereals, aquaculture and tubers—learned types and sources of financing available at the latest event in the Trade Hub’s information series on the U.S. African Growth and Opportunity Act (AGOA). About 40 exporters attended the March 24 event in Accra, Ghana. The Hub’s Finance… Read More

West Africa Trade and Investment Hub - Accra, Ghana - contact@watradehub.com
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