Empowering Agricultural Trade in Africa Absa | Corporate and Investment Banking > Insights and Events > Empowering Agricultural Trade in Africa SHARE This USD 45 million facility supporting Royal Nuts’ subsidiary, Dorado in Côte d’Ivoire, the world’s largest single-roof cashew processing facility, driving economic growth, community upliftment, and global market expansion, will boost its working capital and optimise supply chain efficiency in West Africa. Absa is proud to have acted as Sole Arranger and Lender on a USD 45 million Structured Commodity Finance Facility for Royal Nuts, enabling its subsidiary Dorado, the world’s largest single-roof cashew nut processing and technologically advanced factory, to enhance working capital and drive end-to-end supply chain efficiency. With operations across West Africa. Royal Nuts plays a role in the regions agricultural sector, exporting high-quality cashews to global markets. This bespoke facility supports Royal Nuts strategic vision to lead Africa’s transformation in value addition, drive growth, and create lasting economic opportunities through job creation and fair value for producers. By structuring a tailored and bespoke commodity finance solution, Absa continues to unlock Africa’s agribusiness potential and strengthen value-added exports. Contact Tshimbi Ntuli for more information https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Charging Progress in Green Energy The R3.8 billion wind energy transaction will finance the design, development, construction, operation, and maintenance of a 150MW wind project that will generate clean energy for Discovery Green - advancing the just energy transition we are proud to support. Read more DEALS Accelerating transformative Infrastructure development for long-term impact Our $75 million deal with the Emerging Africa & Asia Infrastructure Fund (EAAIF) is set to accelerate infrastructure development for lasting impact - bridging Africa’s long-term debt gap, and supporting projects that promote infrastructure development, economic growth and renewable energy expansion. Read more DEALS Powering a sustainable future with Ferroglobe At Absa CIB, we believe that financing critical mineral supply is essential for advancing the Just Energy Transition. Our partnership with Ferroglobe supports the expansion of silicon metal production, which is key to semiconductor chips and solar panels, driving economic growth, job creation and Africa’s role in the renewable energy value chain. Read more
