The African Development Bank is leading a call to action on Africa’s agro-industrialization in the cocoa value chain
Around the world, chocolate in all shapes and sizes symbolize Easter and bring joy to millions of kids and adults alike. And the demand for chocolate will most likely continue to increase, according to experts. There is huge opportunity for Africa, the largest producer of cocoa in the world, to rake in economic value that the global market offers.
Africa produces about 75 percent of the world’s cocoa. But the region faces a daunting paradox: though it accounts for a majority of the world’s cocoa production, Africa gets just 5 percent of the US $100 billion annual chocolate market value.