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.

You need an active subscription to continue reading this article.

Recent Business

breaking_news
Rwanda Inflation Slows, but Conflict in Congo Poses Economic Risks
Read More »
breaking_news
Egypt’s Inflation Cools for Third Consecutive Month
Read More »
Cellphone with webpage of African bank Ecobank Transnational Inc. on screen in front of business logo. Focus on center of phone display
Ecobank Partners With XTransfer to Enable African Businesses to Pay for Chinese Imports in Local Currency
Read More »

Recent Politics

generic-1-1024x683
Ghana Names Asiamah as Central Bank Governor as Addison Retires
Read More »
breaking_news
ECOWAS to Maintain Trade Ties with Burkina Faso, Mali, and Niger
Read More »
Ethiopia, Tigray Valley, day life
Cash Withdrawals Surge in Tigray Amid Instability Fears
Read More »

Latest Posts

Latest news insights