Logo

US$10.2mn project to boost Benin’s exports of organic cashew nuts

The United States Agency for International Development (USAID)-funded Trade Hub has launched a US$10.2mn co-investment partnership with Tolaro Global, to strengthen Benin’s certified organic cashew nut market and help meet the growing demand for cashew products

cashew USAIDTolaro Global is coordinating a project that will assist cashew producers in Benin to obtain certified organic qualifications. (Image source: Adobe Stock)

Tolaro Global is a leading cashew-processing company in Benin. The West Africa Trade & Investment Hub (Trade Hub) is a USAID-funded initiative that catalyses economic growth through co-investing with the private sector to generate new investment, creates new jobs, and increases the value of regional and international exports in West Africa. 

Tolaro Global is coordinating a three-year project that will assist approximately 3,863 cashew producers in Benin to obtain certified organic qualifications, increase its processing capacity for cashews, and create new lines of revenue through transforming cashew apples and broken cashews – both typically discarded into products that can also be exported. The project will be funded by a US$1mn co-investment grant from the Trade Hub and US$9.2mn in private capital and resources from Tolaro Global.

According to Tolaro Global, an insufficiency in the number of organic certified cashew producers has resulted in it not meeting the quantities of cashews demanded by the US and European markets. Building the capacities of the 3,863 cashew producers to obtain organic certification will increase its supply of certified organic cashew nuts from 1,567 metric tonnes to 8,000 metric tonnes during the 3-year project. This effort will be supported through Tolaro Global partnering with Away4Africa, a Dutch technical advisory firm, as well as two regional farmer cooperative unions, to give the cashew farmers the necessary tools and training to produce certified organic cashews.

Due to inadequate equipment and technical expertise, about 87% of Benin’s raw cashew nuts are exported to Asian markets, such as India and Vietnam for processing. To counter this, Tolaro Global will seek to expand its Benin based cashew-processing capabilities through infrastructure improvements and technical training, enabling it to process 8,000 metric tons of raw cashew nuts per year by the end of the project. Alongside this, it will increase its capacity to meet the burgeoning demand for nut-based products such as butters, spreads, and flours. These value-added products can be made from broken cashew pieces, but require additional processing. Through its processing improvements, Tolaro Global will reduce waste from the cashew pieces while adding additional revenue streams.

Tolaro Global will also seek to reduce waste from cashew apples, a potentially high-value part of the cashew nut that is also routinely discarded. As part of the project, Tolaro will recover 300 metric tons of cashew apples that will be transformed into animal feed. The company will train 204 people in collecting, drying, and disposing of cashew apples as part of this activity.

Regis Ouattara, a public-private partnership manager for the Trade Hub, said, “Like other countries in West Africa, most of Benin’s cashew crops are exported to be processed in foreign markets, resulting in a huge loss of revenue for both cashew producers and companies like Tolaro Global,” said Ouattara. “Through this partnership and similar ones such as with, the Trade Hub is helping West Africa cashew processors and exporters take full potential of the cashew nut value chain.”

“With the COVID-19 crisis and the general decline experienced throughout most of the world in 2020, our company, like many others, took a hit,” said Dabo Falilatou, grants management officer with Tolaro Global. 

USAID is the lead US Government agency that works to end extreme global poverty and enable resilient, democratic societies to realise their potential.

 


LATEST NEWS IN Agriculture

African food imports bill predicted to double by 2030

African food imports bill predicted to d…

Experts have warned that the cost of Africa’s yearly food imports could increase from US$50bn to US$110bn by 2030 if immediate measures aren’t taken to increase food production

Wildlife and forestry sector in the spotlight

Wildlife and forestry sector in the spot…

On August 22, the 23rd session of the African Forestry and Wildlife Commission, hosted by the Government of the Democratic Republic of the Congo opened in Kinshasa, putting the future...

Boosting investment for Africa-made cotton

Boosting investment for Africa-made cott…

At a partner’s conference on cotton, jointly organised with the World Trade Organization (WTO) and the UN Conference on Trade and Development (UNCTAD), donors were urged to mobilise resources for new partnerships.   

Nature-based solutions help farmers in Ghana

Nature-based solutions help farmers in G…

Organic pesticides, waste-based fertilisers and forest regeneration are just a few of the green initiatives being employed in Ghana to boost farming communities’ resilience to the impacts of climate...

Boosting soil nutrient mapping in sub-Saharan Africa

Boosting soil nutrient mapping in sub-Sa…

The Food and Agriculture Organization of the United Nations (FAO) is set to fast track an impact-oriented project in sub-Saharan Africa and Central America for digital soil nutrient mapping, after...

Gambia-Korea partnership seeks to double rice production to curb food insecurity

Gambia-Korea partnership seeks to double…

President Adama Barrow has received a delegation led by the Korean Ambassador to The Gambia, HE Kim Ji-Joon, at the State House in Banjul to announce the delivery of sample rice...

Prev Next

OTHER RELATED ARTICLES - Agriculture

Ghanaian farmers to benefit from US$50mn MasterCard Fund

Ghanaian farmers to benefit from US$50mn…

Canada-based MasterCard Foundation has announced it will provide a US$50mn fund to help improve the lives of smallholder farmers in Ghana by enabling agricultural businesses to extend financial services in...

FAO seeds distribution drive continues in South Sudan

FAO seeds distribution drive continues i…

The UN Food and Agriculture Organization (FAO) has distributed seeds and essential farming tools to 500 households as part of its Emergency Livelihood Response Programme (ELRP) in South Sudan

Nigeria's cashew nut exports for 2015 cross US$250mn

Nigeria's cashew nut exports for 2015 cr…

Export of cashew nuts from the 2015 planting season has contributed more than US$250mn to Nigeria’s economy

FAO: Gender gaps in African agriculture are holding back progress

FAO: Gender gaps in African agriculture …

Gender gaps in agriculture in Africa are holding back progress towards ending hunger and must be urgently addressed, according to the UN Food and Agriculture Organisation's director-general José Graziano da...

Mali farmers receive training on decreasing pesticide use

Mali farmers receive training on decreas…

The UN Food and Agriculture Organisation (FAO) announced that schools in Mali have been training cotton farmers on the use of natural substances in order to reduce the use of...

Louise Jupp explains benefits of commercial drone systems and drone surveying to farmers

Louise Jupp explains benefits of commerc…

Louise Jupp, co-founder and director of Terreco Aviation (Pty) Ltd and a licensed drone pilot, has released her debut book ‘Precision Farming from Above: How Commercial UAV/Drone Surveys are Helping...

AGRA announces partnership with Aceli Africa

AGRA announces partnership with Aceli Af…

Alliance for a Green Revolution in Africa (AGRA) has announced a partnership with Aceli Africa to enhance capital flows to SMEs in the agriculture sector and support a financially inclusive...

Wefarm secures US$13mn in funding to scale smallholder agricultural ecosystem

Wefarm secures US$13mn in funding to sca…

Wefarm, the digital network for global small-scale agriculture, has raised US$13mn in a Series A financing round led by Silicon Valley venture capital firm True Ventures

Mpongwe District produces US$18,000 worth of crops

Mpongwe District produces US$18,000 wort…

Zambia's Mpongwe District produces more than US$18,000 worth of crops annually, of which US$10,000 accounts for small-scale farmers, district commissioner George Nsali stated

AfDB signs US$41mn deal to develop Sudan’s agribusiness

AfDB signs US$41mn deal to develop Sudan…

The African Development Bank (AfDB) has signed a US$41mn agreement with Republic of Sudan to finance a public sector agriculture value chain development project in the country

Scottish farmers visited floating farm

Scottish farmers visited floating farm

Fifteen Scottish Enterprise Rural Leaders and five Rural Youth Project delegates were the first to experience Rotterdam’s floating dairy in action on a recent urban/rural learning journey to the Netherlands

Cummins QSK19 powers largest John Deere forage harvester

Cummins QSK19 powers largest John Deere …

THE CUMMINS QSK19 ENGINE will power the largest self-propelled forage harvester ever built by John Deere. The new 7950 SPFH utilises the 597kW (800-hp) rated output of the 19-litre engine...

Prev Next

Template Design © Joomla Templates | GavickPro. All rights reserved.