{"id":458221,"date":"2018-02-11T21:08:34","date_gmt":"2018-02-11T21:08:34","guid":{"rendered":"https:\/\/www.financialafrik.com\/?p=458221"},"modified":"2018-02-11T21:08:34","modified_gmt":"2018-02-11T21:08:34","slug":"towards-setting-up-a-fund-to-revive-the-coffee-sector-in-africa","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2018\/02\/11\/towards-setting-up-a-fund-to-revive-the-coffee-sector-in-africa\/","title":{"rendered":"Towards setting up a fund to revive the coffee sector in Africa"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>The Inter-African Coffee Organization (IACO) has recently announced the establishment of a fund dedicated to the revival of coffee production on the continent. Called &#8220;African Coffee Facility&#8221; and endowed with an envelope of 150 millions of dollars (about 75 billion FCFA), the fund will be supported by the African Development Bank.<\/p>\n<p>According to the secretary general of the OPCW, Frederic Kawuma, &#8220;the said fund should act as a catalyst, a dynamic for the revival of the African coffee sector and begin the process of recovery with the training of producers and cooperative groups&#8221; .<\/p>\n<p>For the OPCW, African coffee production represents just over 12% of world production, far from the 25% it accumulated in the early 1990 years. According to data from the International Coffee Organization (ICO), African coffee production is declining year by year, leaving the field to Asia and Latin America.<\/p>\n<p>According to the OPCW, the aid needs of coffee producing countries in Africa amount to 2,5 billion. &#8220;The OPCW needs 2,5 billion dollars to make the Member States profitable,&#8221; said Frederic Kawuma.<\/p>\n<p>For now, &#8220;each member state must open credit lines with banks to address specific issues beyond this support fund,&#8221; said Mr Kawuma<\/p>\n<p>It should be noted that these new ambitions of the OPCW will be led by Gabon, led by the organization for the coffee year 2017-2018 and succeeding C\u00f4te d&#8217;Ivoire.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>The Inter-African Coffee Organization (IACO) has recently announced the establishment of a fund dedicated to the revival of coffee production on the continent. Called &#8220;African Coffee Facility&#8221; and endowed with an envelope of 150 millions of dollars (about 75 billion FCFA), the fund will be supported by the African Development Bank. According to the secretary<\/p>\n","protected":false},"author":533179,"featured_media":458167,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[12032],"tags":[12322,14458],"class_list":{"0":"post-458221","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-commodities-en","8":"tag-africa-en","9":"tag-coffee-sector","10":"post_format-post-format-aside","11":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Towards setting up a fund to revive the coffee sector in Africa - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. 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We aspire to neutrality, but we assume our subjectivity\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.financialafrik.com\/en\/2018\/02\/11\/towards-setting-up-a-fund-to-revive-the-coffee-sector-in-africa\/\" \/>\n<meta property=\"og:site_name\" content=\"Financial Afrik\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/FinancialAfrik\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-02-11T21:08:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.financialafrik.com\/en\/wp-content\/uploads\/2018\/02\/cafe2_0.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"578\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ndeye Magatte Kebe\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Financialafrik\" \/>\n<meta name=\"twitter:site\" content=\"@Financialafrik\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ndeye Magatte Kebe\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/02\\\/11\\\/towards-setting-up-a-fund-to-revive-the-coffee-sector-in-africa\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/02\\\/11\\\/towards-setting-up-a-fund-to-revive-the-coffee-sector-in-africa\\\/\"},\"author\":{\"name\":\"Ndeye Magatte Kebe\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#\\\/schema\\\/person\\\/55de6f6c153173c36b1543ff83ebe25e\"},\"headline\":\"Towards setting up a fund to revive the coffee sector in Africa\",\"datePublished\":\"2018-02-11T21:08:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/02\\\/11\\\/towards-setting-up-a-fund-to-revive-the-coffee-sector-in-africa\\\/\"},\"wordCount\":232,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/02\\\/11\\\/towards-setting-up-a-fund-to-revive-the-coffee-sector-in-africa\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/wp-content\\\/uploads\\\/2018\\\/02\\\/cafe2_0.jpg\",\"keywords\":[\"Africa\",\"coffee sector\"],\"articleSection\":[\"Commodities\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/02\\\/11\\\/towards-setting-up-a-fund-to-revive-the-coffee-sector-in-africa\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/02\\\/11\\\/towards-setting-up-a-fund-to-revive-the-coffee-sector-in-africa\\\/\",\"url\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/02\\\/11\\\/towards-setting-up-a-fund-to-revive-the-coffee-sector-in-africa\\\/\",\"name\":\"Towards setting up a fund to revive the coffee sector in Africa - Financial Afrik\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/02\\\/11\\\/towards-setting-up-a-fund-to-revive-the-coffee-sector-in-africa\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/02\\\/11\\\/towards-setting-up-a-fund-to-revive-the-coffee-sector-in-africa\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/wp-content\\\/uploads\\\/2018\\\/02\\\/cafe2_0.jpg\",\"datePublished\":\"2018-02-11T21:08:34+00:00\",\"description\":\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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