The managing director of Kineden Commodities announced on Friday that his company has raised 40 million euros on the international financial markets to invest for one” ; sustainable cocoa”, a requirement, in particular, of the European Union (EU).

Stéphane Apoque, managing director of Kineden Commodities said that “Kineden will invest 40 million euros over three years” to improve the chain of processing and “prepare to integrate best practices in the fields of sustainability, certification and traceability of cocoa”.

Indeed, this funding comes at a time when tension has risen a notch between Côte d'Ivoire and Ghana, representing around 60% of world cocoa production, and the giants of chocolate. Cocoa from Côte d'Ivoire represents 45% of world production. It accounts for 14% of the national GDP and feeds 24% of the population of this country of around 27 million inhabitants.