Rabat – The Moroccan-based holding Denia, which produce snacks, is expected to invest EUR 20 million in a cashew processing plant in the Ivory Coast.
African news outlet CommodAfrica reported on May 22 that the subsidiary, the Holomacrom Group, will invest EUR 20 million in a 10,000-ton cashew nut processing plant.
The factory is scheduled to open its doors by 2019 and will be located in the city of Grand-Bassam, 40 kilometers from Abidjan.
An implementation protocol was signed on May 9 with the company in charge of operations and promotion of the Grand Bassam free zone, Information Technologies, and Biotechnology Village of Cote d’Ivoire.
CommodAfrica added that Denia Holding has the only cashew nut processing plant in Morocco.
