Maputo, Mozambique, 15 Sept – The cashew industry in Africa has the potential to generate over US$300 million in added value and create over 200,000 new jobs in rural areas, the President of the African Cashew Alliance (ACA) said Tuesday in Maputo.
During the 5th annual conference of the ACA, which brought together in Maputo over 250 sector professionals from several cashew producing countries, Carlos Costa said that Africans were tired of exporting their produce in a raw state to third countries that then got greater gain from processing that produce, estimated at US$300 million.
The African continent is responsible for 40 percent of world cashew production, but only 10 percent of its cashews are processed locally and Costa called for the creation of partnerships for joint intervention in the cashew chain, which can be grown, processed and sold locally.
Filomena Maiopué, director of the Mozambican cashew institute (Incaju), the body that also organised the meeting (along with the Association of Cashew Manufacturers), lamented that the country, with its great potential, was unable to expand cashew production.
“Mozambique has capacity to process 30,000 tonnes, despite the industry not working to its full capacity,” she said.
The Minister for Food and Agriculture of Ghana, one of the largest cashew producing countries in Africa, Hon Kwesi, said that at the Maputo conference his country would propose the creation of an African cashew brand. (macauhub)