At the end of February, the ACA Executive Committee and ACA Advisory Board met at the ACA Secretariat offices in Accra for their annual meeting. The Executive Committee is ACA’s governing body, elected by ACA members, that provides direction, guidance, and oversight to the Secretariat, while the Advisory Board consists of donors contributing at least US$50,000 to ACA’s annual budget. Together, they discussed and approved strategic plans and budgets for 2012.
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30,000MT Facility Inaugurated in Côte d’Ivoire
A new page has been turned in the short history of West African cashew processing. On 23 February, ACA founding member Olam International Limited inaugurated a fully mechanized plant in Bouake, Côte d’Ivoire with a processing capacity of 30,000 MT, making it the largest cashew processing facility in Africa, and one of the largest globally. With this factory Olam multiplies by six the processing capacity of Côte d’Ivoire, the world’s second largest cashew producing country.
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A breakthrough in access to finance was announced on March 1st by the African Cashew Alliance (ACA), the USAID West Africa Trade Hub, and African Investors Management Services Ltd (AIMS). A Memorandum of Understanding with the Nigerian Export Import Bank (NEXIM) and Ecobank will facilitate access to US$2 million in financing for three Nigerian processing firms, which will lead to dramatic increases in processing capacity and create hundreds of jobs in the Nigerian cashew sector.
The three processors (ACET, Abod Success, and KD Foods) are members of the Nigerian Cashew Cluster...
Officials including President of Côte d’Ivoire Alassane Ouattara tour the new Olam cashew processing facility (photo copyright Olam)
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ACA Business Advisor discusses cashew processing with Summit participants during a field trip to a local processing facility
ACA was...
Global Cashew Task Force Steering Committee members in Banjul, The Gambia
On 22 September, representatives of all of the world’s major cashew players met for the first steering...
