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Article: World Cocoa Foundation accepts $40 million investment.(NEWSLETTER)
- Article from:
- Candy Industry
- Article date:
- March 1, 2009
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The Bill & Melinda Gates Foundation together with chocolate companies have funded a $40-million program to be managed by the World Cocoa Foundation (WCF) to benefit cocoa farmers in Cote D'Ivoire, Ghana, Nigeria, Cameroon and Liberia. The five-year West Africa Cocoa Livelihoods Program plans to enhance farmer knowledge and competitiveness, improve productivity and quality, promote crop diversification and improve supply chain efficiency, which should help increase farmers' incomes and improve the cocoa community's well being.
Of the $40 million, $23 million came from the Bill & Melinda Gates Foundation, while the other $17 million came from major branded ...