June 14, 2019
ABIDJAN - Côte d'Ivoire - The Director General of the Cotton and Cashew Council, Dr. Adama Coulibaly, proceeded this Friday in Cocody-Abidjan, at the launch of the Promotion Project's Shared Cost Subsidy (SCP) mechanism. competitiveness of the cashew value chain (CAPC).
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"The Cashew Value Chain Competitiveness Project includes a component on facilitating access to investment capital and risk management instruments to address the financing gap in value chain of the cashew nut in particular. To this end, the PPCA provides cost-shared grants, "said the director general of the council of cotton and cashew, Dr. Adama Coulibaly, also coordinator of the project.
Recalling that the objective of the BPCP is to increase the production, quality and value-added of cashew for the benefit of smallholders and the local processing industry, Dr. Coulibaly explained that the subsidy mechanism The cost-shared program was set up to promote the financing of private investments in the value chain through three windows (A, B and C).
For his part, ACPC funding expert Arthur Coulibaly pointed out that Window A will allocate 50% of the cost of eligible investments to strengthen guarantees for the financing of projects to upgrade plant transformation technology. cashew and construction of new cashew storage facilities; Box B grants are made for the rehabilitation of small warehouses and the provision of services; Subsidies of 80% of the investment cost eligible for the realization of micro-projects will be granted by the counter.
Regarding the next steps, the coordinator of the PPCA, Dr Adama Coulibaly indicated that a national call for projects will be launched Monday, June 17 and that the withdrawal of applications will begin Friday, June 21, including in the regional directorates of the Ministry of agriculture and rural development (MINADER) of the nineteen cashew production regions, and at the headquarters of the Cotton and Cashew Council in Abidjan.
It also invited women and young micro-project holders, cashew producer cooperatives and cashew industry and warehouse operators to submit projects and actively participate in their implementation. He also urged the banking and financial sector to become heavily involved in the implementation of these sub-projects.
Côte d'Ivoire is the largest producer of raw cashew nuts in the world, with production of 761,317 t in 2018, or nearly 24% of world cashew production. However, since the local processing rate of cashews is less than 10%, most of the national production is exported in raw form to Asian countries, according to reports.
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