Cocoa Processing

Cocoa Processing

Photo by UNDP Sierra Leone / Janet Dabire

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Cocoa Processing
Cocoa Processing
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SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Food and Beverage
Food and Agriculture
Business Model Description

Build and operate facilities and value chains, including storage and farmer productivity, for the growing and processing of cocoa into products for sale on local and international markets.

Expected Impact

Increased income for farmers, enhanced job creation, and higher profit margins as well as exports of higher value products.

How is this information gathered?
Updated: 28 Nov, 2023
Sierra Leone
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
15% - 20% (in IRR)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Medium Term (5–10 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
> USD 1 billion
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
USD 1 million - USD 10 million
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Zero Hunger (SDG 2) Decent Work and Economic Growth (SDG 8)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
Gender Equality (SDG 5) Life on Land (SDG 15)

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Sector Sources
  • 1) International Monatery Fund. 2022. Sierra Leone: 2022 Article IV Consultation and Fifth Review. Accessed from: https://www.imf.org/en/Publications/CR/Issues/2022/07/29/Sierra-Leone-2022-Article-IV-Consultation-and-Fifth-Review-under-the-Extended-Credit-521569 2) International Trade Administration. 2021. Sierra Leone - Country Commercial Guide. Accessed from: https://www.trade.gov/country-commercial-guides/sierra-leone-market-overview 3) Government of Sierra Leone. 2019. Sierra Leone’s Medium-Term National Development Plan 2019 - 2023. Accessed from: https://www.slurc.org/uploads/1/0/9/7/109761391/sierra_leone_national_development_plan.pdf 4) Government of Sierra Leone. 2021. Updated Nationally Determined Contribution (NDC). Accessed from: https://unfccc.int/sites/default/files/NDC/2022-06/210804%202125%20SL%20NDC%20%281%29.pdf 5) Government of Sierra Leone. 2022. Customary Land Rights Act. Accessed from https://faolex.fao.org/docs/pdf/sie212374.pdf 6) Food and Agriculture Organisation. 2018. Country Gender Assessment Series: National gender profile of agriculture and rural livelihoods, Sierra Leone. Accessed from: https://www.fao.org/documents/card/en/c/I9554EN/ 7) National Agricultural Transformation. Strategy 2019-2023. Please note, Ministry website has been offline. Accessed information indirectly via: https://www.investinginsierraleone.com/agriculture-and-fisheries/#:~:text=In%20light%20of%20rises%20in,of%20Sierra%20Leone's%20economic%20development. 8) Food and Agriculture Organisation. Website. https://www.fao.org/sierra-leone/programmes-and-projects/ru/
IOA Sources
  • 9) African Business. 2021. Sierra Leone gets first cocoa factory. Accessed from: https://african.business/2021/11/energy-resources/sierra-leone-gets-first-cocoa-factory 10) Tradin Organic Website. Accessed from: https://www.tradinorganic.com/sourcing/own-projects/sierra-leone-organic-cocoa-beans 11) Global Newswire. 2023. Accessed from: https://www.globenewswire.com/news-release/2023/03/29/2637062/0/en/Global-Cocoa-and-Chocolate-Market-Size-To-Worth-USD-68-2-Billion-By-2030-CAGR-of-4-37.html#:~:text=The%20Global%20Cocoa%20and%20Chocolate,published%20by%20Spherical%20Insights%20%26%20Consulting. 12) African Business. 2021. Sierra Leone gets first cocoa factory. Accessed from: https://african.business/2021/11/energy-resources/sierra-leone-gets-first-cocoa-factory 13) Feed the Future. 2020. Climate smart cocoa investment opportunities: Central America and the Carribean. Accessed from: http://cci.alianza-cac.net/media/archivosCuadernos/Climate_Smart_Cocoa_Investment_opportunities_Central_America_Caribbean_V1.pdf 14) Ministry of Agriculture and Forestry. 2019. National cocoa value chain policy. Accessed from: https://bafs.org.sl/wp-content/uploads/2021/02/SL-Cocoa-Value-Chain-Policy-2019-.pdf 16) World Population Review. 2023. Accessed from: https://worldpopulationreview.com/country-rankings/median-income-by-country 17) World Wildlife Fund. 2017. Bittersweet: chocolate's impact on the environment. Accessed from: https://www.worldwildlife.org/magazine/issues/spring-2017/articles/bittersweet-chocolate-s-impact-on-the-environment "18) SLIEPA. Available incentives. Accessed from: //www.sliepa.gov.sl/invest-in-sierra-leone/all-incentives " 19) Emmanuel S. Gbakie, Brima Kamara and Patrick A.F. Dumbuya. 2017. New Rural Finance Institutions in Sierra Leone. Accessed from: https://cgspace.cgiar.org/bitstream/handle/10568/97182/EC3_Gbakie.pdf?sequence=1&isAllowed=y 20) KPMG Website. Accessed from: https://kpmg.com/ke/en/home/services/advisory/international-development-advisory-services/our-sectors-idas/agribusiness-sector/sierra-leone-agribusiness-development-fund.html "21) UNDP Stakeholder Consultations, May 15, 2023, April 25, 2023, May 12, 2023, and June 1, 2023 " 22) World Bank. 2016. Findings from the 2014 Labor Force Survey in Sierra Leone. https://openknowledge.worldbank.org/server/api/core/bitstreams/df404b14-bcbb-5696-b5df-76d5981280e3/content 23) Government of Sierra Leone. 2021. VNR REPORT ON SDGs IN SIERRA LEONE. Accessed from: https://sustainabledevelopment.un.org/content/documents/279542021_VNR_Report_Sierra_Leone.pdf 24) SLIEPA Website. Available incentives in Sierra Leone. Accessed from: https://www.sliepa.gov.sl/invest-in-sierra-leone/all-incentives 25) De Zaan website. Accessed from: https://dezaan.com/en/manufacturing/know-cocoa/cultivation#:~:text=Today%2C%20cocoa%20trees%20are%20productive,tree%20and%20the%20thicker%20branches