*Data updated daily at 18:00 EAT
Swiss-Ghanaian cocoa processing start-up Koa has secured USD 3.5 Mn from The Landscape Resilience Fund (LRF) and IDH Farmfit Fund to boost cocoa fruit production. The investment will support Koa to set up a new processing facility in the country, increasing production capacity and creating additional income for cocoa farmers.
Koa is a young social enterprise committed to sustainability and creating shared value. The startup has unlocked a new decentralized value chain around the previously unused cocoa pulp which boosts farmer income and improves climate resilience. Koa also trains farmers in sustainable agricultural practices and post-harvest processing, reducing the environmental impact of cocoa farming.