The Cocoa Farmers Alliance Association of Africa (COFAA) has announced plans to increase Africa’s share of global cocoa production to 70%. Currently, Africa controls about 62% of global cocoa output, with Côte d’Ivoire and Ghana being the top producers.
According to Comrade Adeola Adegoke, Global Coordinator of COFAA, Africa has the competitive and comparative advantage to achieve this feat. However, despite producing a significant share of the world’s cocoa, West African countries earn only about $10 billion annually from the cocoa industry, a small fraction of the global market worth approximately $200 billion.
To address this issue, COFAA aims to foster regional cooperation among African cocoa-producing countries, ensuring a more sustainable and farmer-focused cocoa industry. The organization seeks to empower smallholder cocoa farmers, promote fair trade practices, and establish a strong support system for better productivity and market access.
COFAA will officially launch its African chapter on February 12, 2025, in Oyo State, Nigeria. The event will bring together key stakeholders, policymakers, and industry leaders to discuss the future of cocoa farming in Africa.
