DANE HAS CRACKED THE NUT IN AFRICA
MIM Cashew produces organic cashew nuts in Ghana and focuses on business, development and training.
Africa is the world’s second largest producer of cashew nuts, and one of the producing companies is Danish-owned MIM Cashew located in Ghana’s Brong-Ahafo region. The company operates an organic cashew plantation covering almost 2,000 acres, and a processing factory. The high quality products are mainly exported to Europe and the USA.
4,000 out-growers engaged
The nuts are sourced from both the company’s own plantation and some 4000 out-growers in Ghana and Côte d’Ivoire. As most of the operations are done by hand, this is a very labour-intensive process, and the company employs around 1000 people at its site in Brong-Ahafo and a number of local satellite processing plants. The latter have been established to allow women, who represent 85 per cent of the employees, to coordinate their work at the company with their responsibilities at home.Since acquiring the company in
Since the company was acquired back in 2007, progress has been steady and in recent years the production capacity has been expanded, including the establishment of a new factory of 4000 m².
“We have established a very promising company that has a positive local impact, and that contributes to selling more products with a higher value from Ghana”
Lars Wallevik, CEO, MIM Cashew
Securing youth education in the local community
Besides practising high sustainability standards for its production, which is required for selling quality products to Europe and the USA, MIM Cashew is also engaged in work benefiting the Ghanaian community. The company has for instance established MIM Technical Academy, training youths from the age of 18 within agriculture.
IFU is playing an important role
IFU has been engaged in MIM Cashew since 2013, providing advisory services and contributing risk capital for the further expansion of the company’s production capacity.
– IFU is an important partner holding valuable local insight, strong business competencies and is able to supply risk capital for the expansion of our company, said Lars Wallevik, CEO, MIM Cashew.