International law firm Bird & Bird advised the African Development Bank on a two-year, $100 million loan to Sucden, a commodity broker and industrial sugar processor, to finance cocoa supply and value chain development through Sucden's network of cooperatives, aggregators and suppliers in Cameroon, Ghana and Nigeria.
The project aims to improve sustainability, support smallholder farmers, and enhance supply chain efficiency. Through this, it will support economic growth in the region and improve the livelihoods of cocoa farmers, while ensuring compliance with environmental and social safeguards.
The African Development Bank was advised by Bird & Bird with a team comprising partner Boris Martor, counsel Sébastien Hoff and associate Kenza Fradji.
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