-
England's Feyi-Waboso in injury scare ahead of Six Nations opener
-
EU defends Spain after Telegram founder criticism
-
Novo Nordisk vows legal action to protect Wegovy pill
-
Swiss rivalry is fun -- until Games start, says Odermatt
-
Canadian snowboarder McMorris eyes slopestyle after crash at Olympics
-
Deadly storm sparks floods in Spain, disrupts Portugal vote
-
Ukrainian flag bearer proud to show his country is still standing
-
Carney scraps Canada EV sales mandate
-
Morocco says evacuated 140,000 people due to severe weather
-
Spurs boss Frank says Romero outburst 'dealt with internally'
-
Giannis suitors make deals as NBA trade deadline nears
-
Carrick stresses significance of Munich air disaster to Man Utd history
-
Record January window for transfers despite drop in spending
-
'Burned inside their houses': Nigerians recount horror of massacre
-
Iran, US prepare for Oman talks after deadly protest crackdown
-
Winter Olympics opening ceremony nears as virus disrupts ice hockey
-
Mining giant Rio Tinto abandons Glencore merger bid
-
Davos forum opens probe into CEO Brende's Epstein links
-
ECB warns of stronger euro impact, holds rates
-
Famine spreading in Sudan's Darfur, warn UN-backed experts
-
Lights back on in eastern Cuba after widespread blackout
-
Russia, US agree to resume military contacts at Ukraine talks
-
Greece aims to cut queues at ancient sites with new portal
-
No time frame to get Palmer in 'perfect' shape - Rosenior
-
Stocks fall as tech valuation fears stoke volatility
-
US Olympic body backs LA28 leadership amid Wasserman scandal
-
Gnabry extends Bayern Munich deal until 2028
-
England captain Stokes suffers facial injury after being hit by ball
-
Italy captain Lamaro amongst trio set for 50th caps against Scotland
-
Piastri plays down McLaren rivalry with champion Norris
-
ECB holds interest rates as strong euro causes jitters
-
Spain, Portugal face floods and chaos after deadly new storm
-
EU close to sealing trade deal with Australia
-
German Cup final to stay in Berlin until 2030
-
What does Iran want from talks with the US?
-
Taming the lion: Olympians take on Bormio's terrifying Stelvio piste
-
Wind turbine maker Vestas sees record revenue in 2025
-
Italy's Casse tops second Olympic downhill training
-
Anti-doping boss 'uncomfortable' with Valieva's coach at Olympics
-
Bitcoin under $70,000 for first time since Trump's election
-
'I am sorry,' embattled UK PM tells Epstein victims
-
England's Brook predicts record 300-plus scores at T20 World Cup
-
Ukraine, Russia swap prisoners, US says 'work remains' to end war
-
Wales' Rees-Zammit at full-back for Six Nations return against England
-
Sad horses and Draco Malfoy: China's unexpected Lunar New Year trends
-
Hong Kong students dissolve pro-democracy group under 'severe' pressure
-
Germany claws back 59 mn euros from Amazon over price controls
-
Germany claws back 70 mn euros from Amazon over price controls
-
VW and Stellantis urge help to keep carmaking in Europe
-
Stock markets drop amid tech concerns before rate calls
| CMSC | -0.04% | 23.51 | $ | |
| SCS | 0.12% | 16.14 | $ | |
| JRI | -0.08% | 13.14 | $ | |
| BCC | -2.65% | 87.9 | $ | |
| BCE | -4.07% | 25.31 | $ | |
| NGG | -0.88% | 87.025 | $ | |
| RIO | -4.74% | 92.11 | $ | |
| RBGPF | 0.12% | 82.5 | $ | |
| CMSD | 0.1% | 23.895 | $ | |
| GSK | 3.55% | 59.335 | $ | |
| RYCEF | -0.36% | 16.62 | $ | |
| BTI | 0.54% | 61.965 | $ | |
| VOD | -7.09% | 14.67 | $ | |
| BP | -2.62% | 38.2 | $ | |
| AZN | 0.47% | 188.33 | $ | |
| RELX | 1.23% | 30.15 | $ |
Ivorian brothers dream of transforming cocoa industry
In a factory in southern Ivory Coast, where machines hum to produce chocolate bars and spreads, twin brothers dream of becoming "giants of cocoa processing".
Ivory Coast, which holds its presidential election this Saturday, is the world's leading cocoa producer but only processes about 40 percent locally while the rest is exported.
Fousseni and Alahassane Diakite, 33, opened a processing factory in August in their hometown of Divo, situated in a cocoa-dependent region some 200 kilometres (124 miles) from the economic capital Abidjan, with hopes of closing the gap.
Stored in jute sacks, the beans are roasted to unleash their aroma, shelled, and then ground.
The factory has a processing capacity of 36,000 tons annually, with a target of 80,000 tons.
Comparatively, US giant Cargill, Switzerland's Barry Callebaut, and Singapore's Olam each process between 100,000 and 200,000 tons of cocoa annually in the west African nation.
The twins' added value lies in "the quality of our products, our services," and their story, they told AFP.
Sons of a producer, "we are the pure products of Ivorian cocoa," said Fousseni, asserting that they are now realising their "dream".
"We were sure that what we were going to do was not just for us, but also to inspire other generations," he said.
A few years after earning their high school diplomas, they created a union of cooperatives bringing together over 4,000 producers.
They then founded their first company to create products for the pharmaceutical and cosmetic industries, such as cocoa butter, from the inedible parts of a cocoa pod.
Later, a second company was launched to process cocoa for food products.
Alahassane earned a business degree in Abidjan and has now pursued training at the HEC Paris business school.
Fousseni, meanwhile, has taken up practical training in agroforestry and agronomy.
"We complement each other," Alahassane said.
While their cosmetic materials are exported "where there is demand", he said, their chocolate for consumption is sold in Ivory Coast at competitive prices.
In stores, most chocolate bars, often European brands, cost between 2,500 and 4,000 CFA francs ($4 to $7), while the brothers' bar costs 1,200 francs ($2).
Their small jar of spread is sold at the unbeatable price of 100 francs.
At a time of growing demand for ethical products, "all our productions are traceable," assured Alahassane, while his brother specified that the factory's machines run on renewable energy.
- Creating jobs -
Cocoa accounts for five million jobs in Ivory Coast, or one-sixth of the population.
The government-set price of cocoa paid to growers is at a record level of 2,800 CFA francs per kilo.
A few kilometres from Divo, in a shaded plantation carpeted with cocoa tree leaves, Kanga Prudence N'Guessan was cutting yellow pods with a machete.
"Our wish... is not to send our cocoa outside our country... when processing is done there, it becomes two or three times more expensive," he said.
At another plantation, 49-year-old grower Harouna Ouattara agreed, saying, "local processing is insufficient."
"The first obstacle to cocoa processing is the issue of financing," explained Fousseni.
Their factory cost nearly 50 million euros ($58 million), the brothers noted, without specifying the source of the funds.
The second obstacle has been the lack of qualified labour.
Still, the brothers said their factory has created 1,000 direct and indirect jobs, primarily for locals.
Technical jobs are held by young people trained in major cities.
Salimata Ouattara, a 35-year-old chemist, studied in the southern port city of San Pedro.
In her white coat, between analyses, she said she wants to "help the youth here who don't have much knowledge about industrialisation."
J.Fankhauser--BTB