27 July 2024
We are delighted to announce that C&M under Leadership of Cowater International Consortium and in partnership with Global Factor won its first specific contract under the SEA 2023 Framework Contract Lot 8: Technical assistance to COFINA Côte d’Ivoire for the development of a pipeline projects in the Sustainable Cocoa value chain in Côte d’Ivoire.
Our team of experts will be providing the technical assistance to a leading subsidiary of the West and Central African financial group (COFINA) Côte d’Ivoire in the development and follow-up of operations in the sustainable cocoa value chain.
COFINA Côte d’Ivoire launched its operations in 2014 with the goal of addressing the financing challenges faced by the small and medium enterprises, cooperatives and individuals by introducing a “mesofinance” activity, a service positioned between traditional banking and microfinance.
The loan will be deployed in the context of the strengthening of European requirements for cocoa exported to the EU. In addition to the cocoa sector for which at least 70% of the loan will be earmarked, two cross-cutting priorities will be targeted in terms of support for women’s entrepreneurship and women’s employment for at least 30% of loans, and financing green investments for at least 30% of loans.
The activities have started in July 2004 and are expected to be completed by November 2025.