Search

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

  • $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.

This article is free to read.

Sign up for free or sign in to continue
reading. Unlike our competitors, we don't force you to pay
to read the news but we do need your email address to
make your experience better.

Create your free account or sign in


Recent Business

A vibrant display of traditional dance in Botswana. Photo by Xitsundzuxo Himina @ Pexels
Why Botswana’s inflation surge signals wider risks for commodity economies
Read More »
Molten metal pouring from ladle in industrial foundry. Photo by Bence Szemerey @Pexels
Can Kipushi’s zinc boom in Congo redraw Africa’s commodity power balance?
Read More »
Bassirou Diomaye Faye, President of Senegal. Photo @ Office of President, Senegal/Facebook
Is Senegal drifting towards default as political rift deepens?
Read More »

Recent Politics

Police watch on as protesters hold a sign demanding change in Nigeria during a peaceful demonstration. Photo by Dokun Ayano @Pexels
Will state police secure Nigeria or entrench governors’ power?
Read More »
Abiy Ahmed Ali, Prime Minister of Ethiopia. Photo @Abiy Ahmed Ali/X
US hands Abiy a win in Ethiopia. Can it stop another Tigray war?
Read More »
Maintenance of electricity transmission lines. Photo by Mario Spencer @ Unsplash
Can Zambia’s debt swap redefine Africa’s energy future?
Read More »

Latest Posts

Latest news insights