Agriculture

imported 2024-03-17 17:43:06

Multinationals Olam and Wilmar are Investing in Agriculture in Côte d’Ivoire

SIFCA’s partners are Wilmar (Wilmar International Limited is an investment holding company engaged in the provision of management services to its subsidiaries. It operates in five segments: palm and laurics comprises the merchandising and processing of palm oil and laurics related products) and Olam (Olam International Limited operates as a supply chain manager and processor of agricultural products and food ingredients primarily in Asia, the Middle East, Australia, and Africa. The company engages in sourcing, processing, packaging, and merchandising agricultural products. It operates in five segments: Edible Nuts, Spices and Beans).

Main Problems of Agriculture Companies in the ECOWAS region

The biggest challenges for SIFCA and many other regional companies is smuggling and not respecting the free trade agreements. ECOWAS region still needs to develop and enforce the free trade between the member countries. Second issue is smuggling, due to the post-electoral crisis in Côte d’Ivoire the borders are loosely secured; widespread smuggling of sugar from South America and palm oil from Asia, free of any taxes/duties is rampant. The local companies are at the disadvantage. Despite the challenges, SIFCA remains optimistic for the future. With security restore the border issue should be resolved.

Largest Agriculture Company in Côte d’Ivoire: Palm Oil, Rubber and Sugar

Bertrand Vignes, Chief Executive Officer of SIFCA – Biography 
SIFCA is the leading company of the agriculture sector in Côte d’Ivoire. Côte d’Ivoire is the largest producer of cacao in the world and an important producer of other strategic agricultural commodities such as rubber, sugar and palm oil among others. Agriculture will become the main engine of socio-economic development of the country.

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