Afarinick, CJ Commodities and Oman Carbon sign deal to unlock carbon assets in cocoa sector

Afarinick, CJ Commodities and Oman Carbon signal deal to unlock carbon belongings in cocoa sector

Afarinick, a pacesetter in panorama restoration and farm administration, CJ Commodities, a licenced Ghanaian cocoa shopping for firm with 10 % market share within the 2024/25 season and Oman Carbon, a pan-African carbon venture developer, have signed a Memorandum of Understanding (MoU) to roll out high-integrity carbon initiatives inside Ghana’s cocoa worth chain.

The settlement, signed on the Africa–Singapore Enterprise Discussion board (ASBF) 2025, will launch 4 scalable initiatives masking agroforestry, clear water, clear cookstoves and biochar. The companions intention to place Ghana’s cocoa trade as a frontier for Paris-aligned carbon belongings whereas enhancing the sector’s resilience to local weather change.

Kwabena Boamah, Director of Oman Carbon, described the deal as an indication of Africa’s maturing carbon markets. “By structuring climate-smart cocoa initiatives beneath internationally recognised carbon methodologies, we’re delivering measurable and tradeable credit at scale – aligned with each investor expectations and neighborhood wants,” he stated.

Joe Forson, CEO of CJ Commodities and Afarinick, emphasised the partnership’s financial and environmental potential. “Cocoa is the spine of Ghana’s financial system, however its long-term sustainability relies on local weather resilience. By embedding carbon finance into our vertically built-in operations, we’re proving that cocoa can generate each export revenues and high-quality, verified carbon credit.”

Over the following decade, the initiatives are anticipated to ship round 4 million tonnes of CO? removals, valued at between US$50million and US$80million. Oman Carbon will oversee venture structuring and carbon market placement, with monitoring, reporting and verification (MRV) programs making certain transparency, traceability and third-party certification throughout the credit score lifecycle.

The MoU highlights rising investor confidence in Africa’s pure capital and the alignment of African agricultural worth chains with Asian monetary markets. Singapore’s Minister for Sustainability and the Surroundings, Grace Fu, welcomed the partnership, calling for stronger Africa-Asia collaboration on local weather motion and meals safety.

President John Dramani Mahama, attending the Discussion board, positioned Ghana as a gateway for Singaporean funding into Africa. He famous that Africa-Singapore commerce rose by 50 % between 2020 and 2024 to just about US$14billion and urged deeper collaboration in logistics, agribusiness, renewable power, digital providers and superior manufacturing.

For worldwide consumers and buyers, the partnership affords diversified carbon asset lessons, high-integrity credit verified beneath VCS methodologies, scalability throughout Ghana’s cocoa belt and risk-mitigated execution by means of native operations and world market entry.

“That is greater than a sustainability initiative; it’s an investable platform,” Mr. Forson stated. “By aligning carbon markets with Ghana’s most strategic export crop, we’re creating long-term worth for farmers, buyers and the local weather system alike.”

The submit Afarinick, CJ Commodities and Oman Carbon sign deal to unlock carbon assets in cocoa sector appeared first on The Business & Financial Times.

Read Full Story