La Compagnie Cacaoyère du Bandama

Subsidy : June 2023

BIO has granted EUR 38,513 of technical assistance to La Compagnie Cacaoyère du Bandama, a cocoa processing unit located in Ivory Coast.

Amount

€ 38,513.00

Type of investment

Subsidy

Beneficiary locations

Africa: Côte d'Ivoire

Investment field

Enterprises

Activity

C10.82 Manufacture of cocoa, chocolate and sugar confectionery

Organisation

La Compagnie Cacaoyère du Bandama

Domicile

Côte d'ivoire

More investments in

La Compagnie Cacaoyère du Bandama

Debt € 11,000,000.00 (2022)

Compagnie Cacaoyère du Bandama SA is a cocoa processing unit located in the Ivory Coast with an annual capacity of 32,000 tonnes of beans. The factory was set up in 2020 and is equipped with the most modern processing machines. The beans are processed into butter and cake (powder) and soon liquor, and 100% of production is exported. CCB is a subsidiary of Eurofind Participation.

CCB aims at doubling its processing capacity up to 64,000 tons/year over the next 2 years and is committed to contribute to national targets for local processing. The project aims at contributing to greater domestic value addition and provide economic opportunities in a rural area.

Technical assistance

To develop a computerised tracing system, making it possible to monitor the origin (geolocation data) of cocoa beans purchased by the Compagnie Cacaoyère du Bandama from its suppliers. The system will also make it possible to monitor the activities linked to the various components of the company's sustainabilty programme, such as preventing deforestation and child labour, improving the empowerment of women, the yield of cocoa trees and the sustainable agri-practices, …. and to eventually measure the impact on the living conditions of producers. The implementation of this system will be carried out with the technical support of an expert over a period of 3 years.

Expected impact

The technical assistance will enable the Compagnie Cacaoyère du Bandama to :

Have a controlled and more responsible supply chain
Identify and address the problems linked to sustainability in cocoa farming in order to improve the living conditions of producers and their families;
Meet national and international market requirements