<p></p><p>The West Africa Trade Hub of the United States Agency for International Development (USAID) has earmarked over US$150,000 to help finance processing raw cashew nuts to increase regional trade competitiveness, improve food security, and reduce poverty over the next five years. The programme, which is in partnership with Cashew Alliance, is among other objectives, aimed at boosting international exports, jobs, and investments; and also to promote broader, more sustainable growth by improving both the private sector’s capacity and policies, rules and practices that govern regional and external trade.</p><p>It will also increase regional trade in key commodities through more value added exports: shea, cashew, mango, rice, maize, millet/sorghum, livestock — cattle, and small ruminants.</p><p>Value Chain Development Team Lead of the Trade Hub, Mr. William Bill Noble, said in Accra, at a workshop organised for finance-access facilitators from some selected African countries and aimed at training them to secure finance and investment for firms to help increase the level of transformation in the processing of raw nuts to add-value — said: “We are going to provide financing to promote cashew nut processing in the region through approval of business plans and proposals. It is a trade project working with processors to add value to such commodities.” <br></p><p>There are over 40,000 metric tons (mt) of raw cashew nuts produced in the country, all in rural areas creating employment for thousands, with women in the majority, and export figures averaging 80,000mt: with inflows from Cote d’Ivoire, Burkina Faso and Benin going to major destinations such as India, Vietnam and Brazil.<br></p><p></p>