Niche Cocoa Industry Ltd

Subsidy of March 2016 - June 2018

Niche Cocoa produces high quality semi-finished niche products including organic and fair-trade products: cocoa liquor; cocoa butter ; natural
and alkalised cocoa powder. The company sources its raw beans from Ghana Cocoa Board (COCOBOD) and exports its products globally.

Amount

€ 41,603.00

Type of investment

Subsidy

Development impacts

Local economic growth
Private sector consolidation/innovation
Food security & rural development

Beneficiary locations

Sub-Saharan Africa: Ghana

Investment field

Enterprises

Activity

Agribusiness - Cocoa

Organisation

Niche Cocoa Industry Ltd

Website

http://nichecocoa.com/

Domicile

Ghana

More investments in

Niche Cocoa Industry Ltd

Debt € 449,000.00 (2010)
Debt € 4,300,000.00 (2015)

BIO has given Technical Assistance to Niche Cocoa to cover the provision of extension and certification services to farmer-based organizations in the Suhum area and the Volta region to build farmers’ capacity in organic cocoa farming and achieve organic certification. As the organic cocoa sector in Ghana is still in a nascent stage, the TA will give an important boost to the sector. Niche will benefit through a secured supply of organic cocoa beans and cocoa farmers through increased incomes and improved health.

Development impacts

Local economic growth
90 permanent jobs; processing of beans locally;

Niche will work with fairtrade cacao farmers; this is a gradual process and the share of fairtrade and organic farmers will increase once NICHE found a fairtrade and organic market;

The company will export globally; the aim is to export to emerging markets such as japan and china
Private sector consolidation/innovation
Niche products: Fairtrade and organic cacao semi-finished products: butter, liquor and powder; locally produced

Local processing of cacao products. Niche will be the first 100% private Ghanaian cocoa processor in Ghana
Food security & rural development
Niche indirectly supports thousands of farmers and seeks to increase its organic and fairtrade production.