Proparco is contributing to increasing the local processing capacity by supporting the construction of a cocoa processing plant in Côte d’Ivoire. This project is led by a subsidiary of the agribusiness group Olam International.
Olam Cocoa Processing Côte d’Ivoire is a subsidiary of the agribusiness group Olam International Ltd. OLAM operates throughout the value chain and covers the needs of over 13,800 clients for 20 agricultural raw materials in 65 countries. It is one of the largest food traders in Africa, thanks to its presence in 25 countries on the continent.
Proparco’s loan will contribute to financing the construction of a cocoa processing plant with an annual capacity of 70,000 Mt located in San Pedro.
This project will contribute to increasing the local processing capacity in Côte d'Ivoire and to the development of a key economic sector for the country. It will generate tax revenues for the Ivorian Government, create direct jobs, and provide an income for small local planters.