• Short Summary

    On Tuesday (17 December) France and The Ivory Coast singed a long-term finance agreement in Abidjan for the development of a new coffee plant called "Arabusta".

  • Description

    On Tuesday (17 December) France and The Ivory Coast singed a long-term finance agreement in Abidjan for the development of a new coffee plant called "Arabusta".

    The Fund for Aid and Co-operation (FAC) will provide an immediate non-returnable cash payment of about GPB 75,000 sterling (35 million CFA Francs) for the establishment of a Reserch and Development Centre for Arabusta coffee.

    This payment from FAC will finance the first three years of the research programme, but overall funding will greatly exceed the initial figure.

    The production and commercialisation of Arabusta will requires investment spread over a seven-year period, supported by The Central Fund for Economic Co-operation (CCCE) and The Ivory Coast Government, as well as the research funds which FAC have promised to cover a period of nine years.

    Coffee is one of The Ivory Coast's principal exports. Production in 1972 was 270 metric tonnes and the replacement of ageing coffee and cocoa trees is of primary importance to the country's economy.

    The documents for the Arabusta development scheme were signed for The Ivory Coast by Monsieur Kone Abdoulaye, The secretary of State for Budgets and on the French side by Monsieur Jacques Leclerc, the resident Representative of FAC in Abidjan.

  • Tags

  • Data

    Film ID:
    VLVA7CTY1DI9P33YR3WKDS68UI6A9
    Media URN:
    VLVA7CTY1DI9P33YR3WKDS68UI6A9
    Group:
    Reuters - Including Visnews
    Archive:
    Reuters
    Issue Date:
    20/12/1974
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:02:00
    Time in/Out:
    /
    Canister:
    N/A

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