During its last Board of Directors meeting held on Wednesday, March 25 and Thursday, March 26 in Dakar, the West African Development Bank (BOAD) approved a loan of 6 billion CFA francs for Label d'Or SA, a Togolese company specializing in shea nut processing.

Located in Gbatopé in the Zio prefecture and inaugurated in February 2023, the Label d'Or plant cost 1.8 billion FCFA, financed by own funds and supported by USAID. It has a processing capacity of 30 tons of nuts per day, or approximately 4300 tons of shea butter per year, with a target annual turnover of 7 million euros.

This financing reflects the confidence of financial partners in the company's development potential and, more broadly, in the Togolese shea sector. A promising sector with high added value, which benefits from being processed locally rather than exported raw.

Label d'Or also benefits from the support of the International Finance Corporation (IFC), the World Bank Group's private sector arm. The IFC has concluded a technical assistance agreement with the company covering financial management, ESG compliance, and facilitating access to financing. The BOAD's 6 billion FCFA loan is precisely part of this upscaling dynamic.