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Several billion tonnes of cocoa previously pre-sold to major international players has been sold on to trading companies close to the president’s office. [...]
President Alassane Ouattara is keen to boost local companies in Ivory Coast’s strategic cocoa industry - while treading carefully around the international traders the country has always done business with. [...]
Multinational companies and locals firms that buy or process cocoa beans like Cargill Cocoa, ADM, Cemoi or Barry Callebaut are [...]
Hastened into existence by the IMF, the new body that administers Ivory Coast’s cocoa sector will be overseen by a clutch of Prime Minister Guillaume Soro’s friends. [...]
A second tier of cocoa exporters is bidding to make inroads into a marketplace dominated by four major companies. [...]
Ivory Coast’s cocoa sector is in for some big changes, including a possible 22% tax cut for foreign companies. The Armajaro group is also growing in influence while other companies’ stars are expected to wane. [...]
Alassane Ouattara has been attempting to starve Laurent Gbagbo’s regime by blocking cocoa exports but Gbagbo is fighting a determined rear-guard action. [...]
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