- Country: Benin
- Website http://agpowerbenin.com
- Award period: May 2016 - May 2018
More than 40 percent of the world's raw cashew nuts are grown in West Africa but more than 90 percent of that crop is exported for roasting, seasoning, and packaging. Benin's processors and smallholder growers are missing out on significant value added income that would result from in-country processing of cashews for retail sale. Tolaro Global is establishing an organic and fair trade cashew roasting, seasoning, and packaging plant to sell retail quality cashews to overseas markets.
Outcome: Tolaro will identify 3,200 smallholder cashew farmers to supply raw cashew nut to the company and will provide agronomic training to the farmers, assist them in becoming organic certified, pay Fair Trade certified prices for raw nuts, and provide them with equity ownership in Tolaro through stock.