Description
Nuts for Growth is Ghana’s premier traders and processors of shea nuts and soya beans.
Market Opportunity/ Problem
Demand for shea butter and its derivatives is thriving (>7% YoY) due to demand mainly from the confectionary and cosmetics industries (worth >$422B combined). This demand is set to grow further as the natural hair care movement grows, with further applications for shea derivatives recently discovered in the bakery sector. Shea’s unique properties as a tree crop native to West Africa means that countries in the sub-region have a distinct supply advantage. Despite this advantage, most processing and value capture in the sector is abroad. There is an opportunity for the well-organized processing of shea butter locally. Ghana is a particularly promising market, given high levels of existing value chain organization and consistently higher quality of shea nut kernels. Local processing in Ghana provides production advantages due to significant logistical savings and benefits of the local organization and streamlining of the shea value chain
Company Information
Years of operation
8
Type of organization
Private company
Stage of the business
Growth stage
Agribusiness focus
Value addition/ processing
Agriculture value chain(s) focus?
Cash Crops
Primary country of operation
Ghana
Other country(ies) of operation
N/A
How many employees does your business have?
40
Does the business have more than 30% women ownership?
Yes
Does the business have more than 30% youth ownership (under 35 years)?
No
Financing and expansion overview
How much capital is the company currently fundraising (US$)?
>1m
What is the split between equity and debt?
Flexible