The project is a Franco-Togolese partnership between Jus Delice Company from Togo created in January 2017, MORINGA fund (private equity fund specialized in agroforestry projects in sub-Saharan Africa and Latin America) and BONABIO company, French leader of importing organic tropical fruits etc.
MORINGA Fund, the majority shareholder, alone contributes 2/3 of the capital, that is 2 of the 3 million euros required for the construction and start-up of the plant's activities.
It leads to the production of pure high quality pineapple juice, pressed from fresh organic pineapple, very popular on the European market.
"On the site chosen for the construction of the ultramodern processing unit, the work is progressing fast," noted on Monday, Marc Vizy, French ambassador in Lome, Gustav BAKOUNDAH, chairman of the board of Jus Delice and Jean-Paul CASSIN, General Manager of the same entity.
Referring to the statistics, 600,000 tons of pineapple are produced annually in Togo and some of this raw material will be transformed locally to add value to the fruit sector and also create jobs.
To run the plant, the promoters rely on producers grouped into cooperatives and distributed in pineapple, mango, oilseed and papaya sectors.
"Jus Delice, with his approval free zone, will export the entire organic pineapple juice to the European market and will eventually try to diversify its production", informs the website of French Embassy in Lome.
In other words, Togolese will not have access to this juice produced locally. But, according to the provisions of Togo Free Zone, 80% of production is exported and 20% donated to the local market.