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West Africa's Cashew Sector to Get $60 Million Processing Boost

  • U.S.-backed Prosper Cashew project wants more local processing
  • Ivory Coast is the top producer, but only processes about 10%

A U.S.-backed project plans to help invest about $60 million in West Africa’s cashew nut industry as part of a goal to boost local processing.

The target was announced by the Prosper Cashew project at an event in Abidjan in Ivory Coast, the top cashew producer. Started by non-profit TechnoServe and supported by the U.S. government, it will create a fund to strengthen the commercial viability of processing in Ivory Coast, Ghana and Nigeria.