Inua Capital backs East African chocolate producer
Inua Capital backs East African chocolate producer
Equator Chocolate is a craft chocolate maker in Uganda.
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Inua Capital has announced an investment in Uganda-based Equator Chocolate.
Equator Chocolate is a pioneer craft chocolate maker in Uganda and is known for its bean-to-bar chocolate, which has gained recognition as premium and quality chocolate on a global scale.
Equator Chocolate is one of a growing number of small bean-to-bar chocolate makers challenging the status quo with efforts to move beyond simply exporting cocoa beans by promoting local value addition and producing chocolate bars, cocoa powder, and other chocolate products.
The company exports about 30% of its white, milk and dark chocolate bars to Europe. However, the bulk of its products are being sold locally in Uganda and across the East African region to cafés, bakeries, hotels, lodges, embassies, supermarkets and via corporate gifting.
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