Sucden

This facility will help Sucden CI to expand its pre-financing arrangements with cooperatives and local suppliers in the cocoa sector in Côte d’Ivoire. This project is well aligned with AfDB’s objective of fostering inclusive growth as well as with the core operational priority of private sector development. The facility will provide a stable source of funding and the necessary liquidity to Sucden CI, and over time help to increase the export of cocoa from Côte d’Ivoire, build the capacity of local suppliers and cooperatives and in the process expand output of the cocoa sector. The facility will be used to provide financing to scores of cooperatives and local suppliers to help strengthen the cocoa supply chain and promote private sector development in Côte d’Ivoire.