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IFC Partners with Nigeria’s Johnvents Industries to Boost Cocoa Processing Capacity

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Vincent Nwanma

Vincent Nwanma is a seasoned analyst, columnist, and reporter with over 30 years of experience in business and economics journalism across Nigeria and Africa.
  • $23.3m deal aims to double Johnvents’ cocoa processing to 120 metric tons per day
  • Initiative aligns with Nigeria’s goal to enhance value-addition in commodities and diversify the economy

 

Lagos, Nigeria – The International Finance Corporation (IFC), the private-sector financing arm of the World Bank Group, is partnering with Nigerian company Johnvents Industries Limited in a $23.3 million deal to double the company’s cocoa processing capacity to 120 metric tons per day.

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