The former fourth largest Ivorian cocoa bean exporter SAF-Cacao , whose bankruptcy in 2018 had made a big impact
noise and weakened the Ivorian banking system (Read The cocoa exporter SAF-Cacao in liquidation, victim
contract defaults in Côte d'Ivoire) would be on the road to recovery and financial stabilization
since the takeover of its assets in January by the Société agricole du café-cacao (SACC). Five of the creditors
of SACC have all expressed their satisfaction with the prospects for the company, indicates the Reuters agency which
spoke with them.
For his part, the general manager of the SACC, Guy Roger Coulibaly, expressed confidence in the ability to
the company to honor its commitments to the banks and the Cocoa Coffee Council (CCC). "The case
SAF-Cacao is behind us now. We enjoy the confidence of the banks and the CCC and we
are working to repay all our debts within 10 years in accordance with the agreement,” said
Guy Roger Coulibaly at Reuters. SACC plans to export up to 100,000 tonnes of cocoa in 2019/20,
against only 15,000 tonnes in 2018/19. Within three years, it aims to reach 150,000 tons.