The African Development Bank approves €100 million loan to strengthen Cote d'Ivoire's cocoa value chain
Cote Dlvoire, Sept. 29 -- The Board of Directors of the African Development Bank Group has approved a €100 million agricultural commodity financing facility for Sucres et Denrees Cote d'Ivoire, bolstering the country's output as the world's top cocoa producer and advancing sustainable agricultural practices.The package includes €25 million from the Africa Growing Together Fund (AGTF) - a co-financing initiative of the African Development Bank and the China Development Bank- and $10 million from the Bank Group's Agribusiness Small and Medium Enterprise Catalytic Financing Fund (ACFM).The renewable two-year facility will expand pre-financing arrangements with cooperatives and local suppliers, bridging critical financing gaps in a ...
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