B-BOVID Ltd is a Ghanaian UN-Award winning farming and processing palm oil enterprise created in 2014 and based on social entrepreneurship principles and agroforestry practices. B-BOVID produces crude and kernel palm oil with 98% of its palm oil fruits supply coming from more than 2,000 smallholders farmers. Company owns a demonstration plantation showcasing oil palm agroforestry practices and has already performed training of several thousand farmers and students to climate smart agriculture. B-BOVID’s unique model in West Africa promotes farmers revenues increase and diversification, social inclusion and low environmental impacts.
Ghanaian vegetable oil consumption is largely made of crude and kernel palm oil with oil palm being a traditional crop and still the second most important tree crop in Ghana. However, local demand is rising and Ghanaian smallholders lack adequate agronomic, logistics and financial support as well as a reliable industrial market for selling and efficiently processing their fruits. B-BOVID aims at answering the need to accelerate the development of productive oil palm sector focused on smallholders intensified and sustainable production.
In that respect, B-BOVID’s business model has the ambition to become a figurehead for sustainable palm oil production.
The Moringa investment is dedicated to enhance and strengthen the company’s unique out-growers based polyculture model, with the objective to engage up to 4,000 farmers within the next years. Farmers’ yield intensification, rehabilitation of old plantations and fallow lands as well as tree maintenance and tree planting will be a forefront concern. The Moringa investment will also help modernizing B-BOVID Ltd’s manufacturing plant and expand its production capacity to further meet growing local and regional fat demand while offering farmers a secured market for their palm oil fruits all-year long.