Russian Sweets Behemoth UNICONF Eyes Togo’s Cocoa

Investments

Thursday, 06 March 2025 11:52

Russian Sweets Behemoth UNICONF Eyes Togo’s Cocoa

(Togo First) - Russia’s leading sweets maker, United Confectioners (UNICONF), is eyeing Togo’s cocoa market. A delegation from the firm was in Lomé from February to March 4. They were led by Sergey Lyubimov, one of its executives.

The team met with various local businesspeople during their stay. They mostly discussed Uniconf's plans to invest in processing and marketing Togo’s cocoa. The Russian delegation took stock of Togolese regulations and tax policies to evaluate potential partnerships and long-term operations.

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According to Togo’s Chamber of Commerce and Industry, partnering with Uniconf could boost the local cocoa industry, fostering industrialization and job creation. Cocoa is Togo's third most valuable cash crop, behind cotton and coffee.

Founded in 1804, UNICONF is the leading confectionery company in Russia and Eastern Europe. Present in 45 countries, the giant produces around 360,000 tonnes of sweets yearly.

This article was initially published in French by Esaïe Edoh

Edited in English by Ola Schad Akinocho

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