Posts Tagged World Cocoa Foundation

Gates Foundation aids African cocoa, cashew farmers

The Bill & Melinda Gates Foundation announced Thursday 48 million dollars in grants for public-private projects designed to boost the incomes of poor small cocoa and cashew farmers in Africa.

The US foundation, created by the wealthy founder of software giant Microsoft, Bill Gates, and his wife, said it had joined two partnerships marshalling 90 millon dollars to help the small farmers lift themselves out of poverty and reduce hunger.

The projects focus on improved training and access to markets for hundreds of thousands of small cocoa and cashew farmers in sub-Saharan Africa, the Gates Foundation said in a statement.

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Chocolate companies found World Cocoa Foundation (WCF) to support sustainable cocoa production in West Africa

Sustainable cocoa is needed now more than ever as demand increases in Western countries to fuel the ever-growing love for chocolate products. As a result of this growing demand, chocolate companies are about to unite with the World Cocoa Foundation (WCF) to support sustainable cocoa production in West Africa. By doing this, the supply chain to Western manufacturers will be strengthened at a time when it is needed most.

The collaboration has a goal to assist 150,000 farmers and their families over the next five years with financing from the U.S. Agency for International Development, in addition to help from chocolate industry heavy-hitters Hershey, Cadbury and Mars International.

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