The Cocoa Farmers Alliance Association of Africa (COFAAA) has announced its ambitious plan to control over 70% of global cocoa production, leveraging the continent’s inherent competitive and comparative advantages. This strategic move is set to redefine the global cocoa industry, placing Africa at the forefront of sustainable and equitable cocoa farming.
In a statement released by COFAAA’s Global Coordinator, Comrade Adeola Adegoke, and made available to PUNCH Online on Monday, the organization unveiled plans for the official launch of its COFAAA chapter on February 12, 2025, in Oyo State, Nigeria. This landmark event aims to foster stronger regional cooperation among African cocoa-producing nations, ensuring a more sustainable and farmer-centric cocoa industry.
Africa’s Cocoa Paradox
Despite being the world’s largest cocoa-producing region, Africa faces significant economic disparities in the cocoa value chain. According to Adegoke, West African countries, which produce a substantial share of the world’s cocoa, earn only about $10 billion annually from the industry. This figure starkly contrasts with the global cocoa market’s estimated worth of $200 billion, highlighting the disproportionate profits that leave African farmers with minimal financial gains.
Currently, Africa controls approximately 62% of global cocoa output. However, COFAAA’s strategic framework is designed to push this figure beyond 70%, addressing both production and the economic welfare of smallholder farmers.
A Unified Front for Cocoa Farmers
“The launch of COFAAA will follow the General Assembly meeting of the Cocoa Farmers Association of Nigeria (CFAN) at the same venue,” Adegoke stated. “This gathering will bring together key stakeholders, policymakers, and industry leaders to discuss the future of cocoa farming in Africa.”
COFAAA’s vision centers on creating a unified platform for smallholder cocoa farmers across the continent. By developing strategies that promote sustainability, enhance livelihoods, and improve market access, the organization aims to strengthen Africa’s influence in the global cocoa market.
“With COFAAA, we are creating a unified front for smallholder cocoa farmers across Africa. Our goal is to develop strategies that will enhance sustainability, improve farmers’ livelihoods, and strengthen Africa’s influence in targeting a 70% global cocoa output,” Adegoke added.
Empowering Farmers and Promoting Fair Trade
At the core of COFAAA’s mission is the empowerment of smallholder cocoa farmers. The organization is committed to promoting fair trade practices and establishing robust support systems that will enhance productivity and provide better market access for African cocoa producers.
“All cocoa stakeholders in Nigeria and across Africa are invited to participate in this historic event,” Adegoke emphasized. “This marks a new chapter in the collective advancement of the African cocoa industry.”
The unveiling of COFAAA signifies more than just a numerical goal; it represents a transformative movement towards economic justice and sustainability in the cocoa sector. As Africa moves to assert greater control over its cocoa resources, the global industry will be watching closely, anticipating the ripple effects of this bold initiative.