1. Ghana accounts for 20% of the cocoa on the world market.
2. 30% to 60% on average of standard chocolate is made up of cocoa.
3. Yet, it has been a headache making chocolate in Ghana.
4. One main reason why Ghana's chocolate output has been rather meagre is because chocolate actually comes from cocoa beans, and Ghana pre-sells loads of it internationally to obtain precious dollars.
5. Better the cash in hand than to hope for uncertain chocolate exports.
6. But the thing is, cocoa beans make up only 25% of the cocoa fruit.
7. In many of Ghana's cocoa farms, 75% of the fruit is thrown away, or used for mulch.
8. Sounds inefficient? Well, it is.
9. Enter Michael Acquah, a solar engineer, who invented a kind of creamy-delightful juice from cocoa pulp, which constitutes a third of cocoa waste in rural Ghana.
10. No dollar blues here. All one has to do is figure out a genius supply chain to collect pulp from small farms (unlike Ivory Coast, Ghana's cocoa is a hamlet affair; no giant plantations.)
11. He drew the attention of two German-Swiss solar panel guys working for Chinese giant, Yingli (famous for being a sponsor of Bayern Munich.)
12. That is how the 100% pure cocoa pulp juice brand, Koa, was born in 2017. A 350ml bottle goes for about $4 in Accra's fancier supermarkets.
13. Made on a modern plant in Assin Akrofuom, deep in Ghana's rural cocoa belt.
14. Nearly $33 million later (most recently by ~$30bn French-HQed fund, Mirova), Koa Juice is now getting onto supermarket shelves in Accra.
15. Mirova had to create a specialised vehicle with a focus on land degradation and map the thesis to opportunities like Koa in Ghana and Pamoja in East Africa, a macadamia nuts play.
16. Having deployed the funds in that vehicle, Mirova is now going big with a $400 million fund targeting similar upcycling, circular economy, and wasteland to wealth-vault ideas.
Are you game? 😉
Been seeing posts here asking why pre-colonial Africans didn't act like Europeans - explore, build strong states etc.
Think key factor often overlooked here is role of GEOGRAPHY in state-building. Key because while people come and go, the geography of a space stays the same🧵
This is actually insane...
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"Girls commit suicide and are swiftly buried, but there is no media outlet to speak out." The suicide rate among Afghan women is escalating as they endure unbearable mental anguish, confined to their homes and deprived of all their rights.
Ford’s CEO: Stop talking about Huawei and TikTok, start talking about how much ahead China is in the electric car and battery industries.
Please watch - this is truly interesting!
Yet again we elect a President on the 7th but WITHOUT a national blueprint on education, energy, the economy, agriculture & food security, youth development, poverty, trade, etc! We continue to stagger from term to term divided! This can’t be the path to dev’t. #Unsustainable
A Kenyan domestic worker tried to quit her job in Saudi Arabia after 3 years. Her employer threw her out one night.
She’s been stuck in pre-deportation detention for 6 months. Without her employer’s release, she can’t leave the country
Given that citizens are very busy, trying to make a living, how do we get them to see the connections between bad policies & their immediate woes?
How will Kejetia traders understand that one of the reasons for the erratic power supply in West Africa's largest market is because Kumasi city govt officials keep using the fees they pay as collateral for fresh loans, which they then pump into poorly managed projects that don't deliver returns?
Or that there are big, private, businesses like Fidelity Ghana always standing by to cut these kinds of deals? And when confronted will hire big politicians as their lawyers in the hope that they will scare away activists?
Folks blame democracy in the abstract as the problem. But democracy has to be PUT INTO PRACTICE. Citizens have to be informed & primed to push for their interests. What happens when they are too busy trying to survive?
Give them a benign dictatorship so that they don't need to bother? How does a country/people CHOOSE a benign dictatorship? 🤷🏾♂️🤷🏾♂️
What the people of Western Nzema are asking from the President of Ghana is not unreasonable.
1. Govt is seizing 20000 acres of their land for an oil hub.
2. The hub will have 4 oil refineries, a port, chemical factories, & housing for workers.
3. The whole thing will cost $60bn. Phase 1 = $12bn.
4. Even BEFORE there is a bankable business plan, REAL investors, & a proper environmental plan, govt wants to go ahead & seize the land & launch the Hub.
5. The citizen activists say STOP & ENGAGE properly first bcos in Nzema culture the Chiefs don't own the land & can't sign them away.
6. The investors you have introduced as going to build the Hub have been proven to be broke. They can't fund anything.
7. There is a real RISK that the land will be seized for an Oil Hub, no Hub will be built & it will be diverted to commercial real estate benefitting a few, to the detriment of the people.
8. The compensation you plan to give out will be a pittance paid to individual farmers when the equitable thing to do is compensate THE COMMUNITY AS A WHOLE by treating the land as equity in any project that eventually gets funded.
Surely, Western Nzema deserves a better answer from the President?
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