Valency International, a Singapore-based processor, has received €70 million in funding from the European Bank for Reconstruction and Development (EBRD) to boost its commodities processing footprint in Nigeria and Côte d’Ivoire.
According to reports, the financing will support the procurement of key agro-commodities, including cashew, cocoa, soybeans, and sesame from both Cote d’Ivoire and Nigeria markets, as part of Valency’s effort to boost backward integration.
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A significant share of the loan will increase utilisation of the company’s recently commissioned cashew processing facility in Côte d’Ivoire, highlighting its commitment to local value addition, job creation and stronger integration of smallholder suppliers into formal markets.
Odile Renaud-Basso, president of EBRD, said the funding marks the Bank’s first investment in Sub-Saharan Africa’s food and agribusiness sectors, noting that “the initiative aims to unlock the full potential of agriculture in both economies by expanding access to finance, reinforcing value chains and promoting climate-resilient practices that create jobs and foster inclusive growth.”
For Valency, the partnership supports the company’s next phase of growth while embedding stronger climate governance and operational resilience.
The funding will also enable the firm to scale up its operations and expand sourcing from local farmers, reinforcing agricultural supply chains and improving market access for producers.
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It is designed to meet the company’s working capital needs while enhancing the competitiveness and resilience of agribusiness sectors in both countries.
Nigeria and Côte d’Ivoire are the two biggest producers of several commodities in Africa, including cocoa and cashew, making the African nations a site for foreign investment.
Since its establishment in 2007, Valency International has operated as a diversified and integrated agri-core company across emerging markets in Asia, Africa, Europe and the Middle East.
