NOWA gets CFA4 billion loan from BIDC to open palm oil factories in Côte d’Ivoire and Togo

Agriculture
Wednesday, 18 April 2018 16:39
NOWA gets CFA4 billion loan from BIDC to open palm oil factories in Côte d’Ivoire and Togo

(Togo First) - ECOWAS investment and development bank (BIDC) committed to support palm oil producer Nada Oil West Africa (NOWA) so that it establishes factories and plantations in Côte d’Ivoire and Togo.

Indeed, Republic of Togo, citing the firm’s CEO, Ernest Dally Zabo reported that the bank just lent it CFA4 billion to this end.

Created in 2016, NOWA which is based in Bonoua, Grand-Bassam department (Côte d’Ivoire) is an Ivorian firm with a capital of CFA100 million.

The firm also produces, stores and sells refined palm oil and its derivatives.

Fiacre E. Kakpo

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