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

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

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 takes AGOA awareness series to Mali

More than 70 Malian producers, processors and exporters attended a two-day exporters’ workshop in the capital city of Bamako. The March 1-2 workshop was the latest in the Trade Hub’s outreach and information series on the U.S. African Growth and Opportunity Act (AGOA). Though a number of the country’s major exports—including gold, cereals, and vegetables—are… 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

In Mali, Trade Hub workshop for bankers to transform agribusiness lending

Related video here Coris Bank officials in Mali learned risk mitigation strategies for agricultural lending and how to better negotiate with loan applicants during a Trade Hub training in the capital, Bamako, February 17-18, 2017. Following similar workshops in Cote d’Ivoire and Burkina Faso, the training walked 15 participants through practical modules on different agribusiness… Read More

Readying financial access program for small women-owned businesses in Côte d’Ivoire

The Trade Hub’s finance and investment specialists held a series of meetings from January 30 to February 3 with prospective beneficiaries of the Trade Hub’s Gender Access to Finance Strategy, soon to be rolled out in Côte d’Ivoire. Business Development Services Specialist Ms. Kafui Djonou, Finance and Investment Specialist Mr. Charles Adegnandjou and a local… Read More

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