Top Tweets for #cocoavc
@mkulimayoung @tzDiscovery @noor_abdul @EdwinSigey_ @IrriHub @Golichas @ezrashedracks @Ushaurikilimo @rodgers_kirwa @africaupdates @diangaronald No sentiment, are we talking bout chocolate or cocoa value chain? We CAN NOT produce world class chocolate in Africa due to many factors to include hot climate, no texture, access to electricity through out the VC, culture we not sweet tooth, health we know better, Tech #CocoaVC
Had a great time yesterday at the cocoa value chain Tweet Chat.
Weβll unroll the threads from it into articles so you can get the full gist at a glance.
Thanks so much for all the questions and contributions.
#CocoaVC
@AFEXNigeria @FmardNg Thanks to the AFEX Team for joining us! Weβre glad to have hosted you! #cocoavc
@Nairametrics @FmardNg Opportunities in the Cocoa VC include but not limited to;
Input sales and Agric-services provision; including extension, financial services (savings and loans), Insurance services.
Primary production activities; owing cocoa estates, regeneration and maintain cocoa farms. #CocoaVC
@Nairametrics @FmardNg Marketing: Africa needs to set prices of Cocoa, and not be a price taker in a commodity it produces. This can only be achieved through the introduction of Commodities exchanges in the country of origin. #CocoaVC
@Nairametrics @FmardNg Aggregation and Grading: State governments need to invest in cocoa processing clusters, dryers, grading sheds, and bonded warehouses. #CocoaVC
@Nairametrics @FmardNg Thank you!
Our intervention to revitalize the Cocoa sector needs to be inclusive, wholistic and urgent. There has to be a simultaneous focus on the three core elements of the value chain. Production, Aggregation and Grading and Marketing #CocoaVC
@Nairametrics We also introduced the first-ever education platform for The Commodity Market called EDEX. There you can get more access to information on how to participate in the Commodity market more efficiently.
You can find a few of our videos on youtube https://t.co/VQIi4kBz0t #CocoaVC /
@Nairametrics Weβre currently building a first of its kind Commodities Exchange Trading platform at AFEX which will be launched very soon, this will give the investors the ability to access the market easily and efficiently. #CocoaVC
@Nairametrics What is on the front burner now with regards to the packing of cocoa is a debate on what is ideal vs average bag weight; today 64Kg a Bag = 15.6Bags a ton.
Packaging also helps to position and differentiate the product. #CocoaVC /
@Nairametrics Use of Jute bags is largely recommended because of little or no impact on the quality of the content, also in the HSE context of WTO agreements and the importing countries requirements. #CocoaVC
@Nairametrics Generally, packaging is a vital component of export success. Among other things include selection and use of appropriate packaging material, labelling and security tags declaring grade and standard. #CocoaVC
@Nairametrics Input sales and Agric-services provision; including extension, financial and Insurance services.
Primary production activities; owning cocoa estates, regeneration and maintain cocoa farms.
Fee-based maintenance services; pre-harvest, harvest and post-harvest services. #CocoaVC /
@Nairametrics Of all the numerous opportunities in the Cocoa VC, a lot of persons will naturally focus on quick wins which are completely opportunistic and lack offering long term impact. In any case, some easy entry points for interested investors are;
#CocoaVC
@Nairametrics 2. Know the intrinsic quality of the cocoa variety; this is an essential element to produce and aggregate high-quality beans and is the first point of attention for cocoa buyers, chocolate makers in the speciality segment will always be interested in fine cocoa beans. #CocoaVC
Away from fraud for a bit, @Nairametrics and @AFEXNigeria are doing a Tweet Chat around the cocoa value chain in Nigeria.
#CocoaVC to read or chime in.
@Nairametrics 1. Organize the process of engagement and safeguard the traceability of cocoa beans. This is one of our strong contributions as a supplier and processor at the origin. This degree of control and information gives credibility to the supply chain. #CocoaVC
@Nairametrics What was done was an abandonment of our responsibilities.
The weak and inefficient value chains we have in Nigeria today was as a result of the unstructured transition from a stage led monopoly, to a liberalized private sector driven sector. #CocoaVC /
@Nairametrics When you dissolve a marketing corporation and you nurture private enterprises and build regulatory capacity, then you can liberalize trade and create a new industry. That was not what Nigeria did in 1986. #CocoaVC
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