The dual facilities will service key markets across the globe, significantly boosting African export capacity.
One of Nigeria’s leading agro-commodity exporter advances plans for a 70,000 metric tonne cocoa processing plant and an 80,000 metric tonne cashew processing facility, underscoring a bold continental strategy for value-added agro-processing.
Sunbeth Global Concepts Ltd, one of Nigeria’s largest cocoa exporters, has announced plans to establish a 70,000-metric tonne capacity cocoa processing factory alongside an 80,000 metric tonne cashew processing plant, both currently under construction, as part of its long-term strategy to deepen local value addition across Africa’s agricultural value chains. The announcement was made by the Managing Director, Mr. Olasunkanmi Owoyemi, during the Africa Cocoa Finance and Investment Forum (ACFIF) held at the London Stock Exchange. The facility is scheduled for commissioning in March 2027.
The dual investment reflects Sunbeth’s commitment to building industrial scale agro-processing capacity in two of Africa’s most strategic export commodities. The Managing Director noted that Sunbeth has evolved from a trading enterprise into an integrated processor, a transition designed to capture greater value, create sustainable employment and drive operational efficiency. The cocoa facility will reinforce Nigeria’s position in the global cocoa processing landscape, while the cashew plant will serve growing demand across West Africa and supply premium export markets in Europe, Asia and the Americas.
Having grown from a domestic trading operation less than a decade ago into one of Nigeria’s and indeed Africa’s foremost cocoa exporters, Sunbeth is now executing the next phase of its corporate journey industrial scale processing.