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

Trade Hub partners with Nigerian-American Chamber of Commerce to build SMEs’ business-planning skills

To address a chronic access to finance gap, the Trade Hub and the Nigerian-American Chamber of Commerce (NACC) organized a business-plan development workshop for 15 agribusiness small and medium enterprises (SMEs) on March 8 in Lagos, Nigeria. “One major challenge that hinders businesses’ ability to access finance in the region is poorly developed business plans… Read More

Trade Hub trains agricultural assistance organizations in keys to finance

Regional organizations can make essential connections between West African agribusinesses and financial institutions. But these organizations themselves need tools to improve their clients’ access to finance. “After we have identified those farms and agribusinesses which have the potential to grow, we often are unable to help them apply successfully for loans,” said Mme. Kassambara Dienebou… Read More

West Africa Trade and Investment Hub - Accra, Ghana - contact@watradehub.com
This website is made possible by the support of the American People through the United States Agency for International Development (USAID.) The contents of this website are the sole responsibility of Abt Associates and do not necessarily reflect the views of USAID or the United States Government. For more information review our Privacy Policy and Disclaimer.
This website uses cookies. Involuntary personal information is not gathered or shared. Users can disable these cookies to prevent tracking user activity.

connect

Facebook Page Twitter Page Instagram Page