"For #Africa to experience a take-off, the economic structures have to change. It can be realised by promoting local manufacturing that drives value addition of major commodities like cocoa & gold." #governance #globadev #SDGshttps://www.linkedin.com/pulse/africa-growing-rising-stephen-yeboah/?trackingId=SYoTxq2SIX3A9Aqdtd8ihQ%3D%3D …
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Certainly, there are benefits to adding value to
#cocoa: bringing economic spin-offs to#Switzerland, the Netherlands, US. etc. It can be done in#Africa too. This is why governments are beginning to rethink the whole chain, not just producing and exporting raw beans.
Right but'$100bn market' - big chunk is retailing, then manufacturing (inc branding, blending, cost of other ingredients etc.. ) Value add at processing/grinding not huge - Maybe cocoa producing countries can be competitive in other parts of chain but theres not $100bn in it!pic.twitter.com/GFqX42PeR6
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This is a good article on this topic. With a focus on fixing binding constraints & the targeting of the growing market in
#Africa, there is scope to capture a larger share of the pie. See Cemoi and Olam new chocolate factories in#cotedivoire https://qz.com/981562/ghana-ivory-coast-are-marketing-more-chocolate-to-the-world/ … -
Re product space, while
#cocoa doesn't score all that well I think this is partly due to West Africa's dependence on commodity exports & lack of value addition efforts. It can support cost reduction in other agri & light manuf sectors eg cosmetics, soaps, animal feed, beverages - 5 more replies
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