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100 mln USD to be invested in Cote d'Ivoire's cocoa


08:47, November 21, 2012

ABIDJAN, Nov. 20 (Xinhua) -- Up to 100 million U.S. dollars will be invested in Cote d'Ivoire's cocoa production, a chocolate manufacturing company announced on Tuesday, just a day after the official opening of the first world conference on cocoa in Abidjan, the economic capital of the West African country.

The announcement was made by Tim Cafer, the European president for Monderler International, which is one of the biggest chocolate making companies in the world, after meeting with Cote d'Ivoire Prime Minister Jeannot Kouadio-Ahoussou on Monday.

"We came to see the prime minister to inform him that Monderler International will invest 100 million dollars for the benefit of Cote d'Ivoire cocoa producers and their families," Cafer told the press in Abidjan.

He said the investment will be done under the auspices of a program dubbed "Cocolaille," which will see 400 million dollars set aside for the benefit of cocoa producers in some African and Asian countries.

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