Cameroonian, Josiane Tchoungui, gets Atlantic Cocoa top job.

Finance-savvy Cameroonian, Josiane Salomé Tchoungui, has been named new Managing Director, MD, of Atlantic Cocoa, the first cocoa processing company to be established at the Kribi Industrial Port Zone.

She was appointed to the top position recently. This was after a meeting that brought together officials of the prestigious company.

She comes in to replace, Ivorian, Pierre Ouattara, who had been heading the company for several years. Tchoungui becomes the first Cameroonian to head a cocoa processing company.

Her recent appointment at Atlantic Cocoa comes a few days after her departure from Orabank, in the Republic of Benin. She worked as Managing Director of the bank for five years before stepping aside and later announcing her new job days later. 

She at one time also held several top positions at some Cameroonian subsidiaries of major banks like BGFI, Ecobank and Standard Chartered Bank.

Finance experts have described her as the right person in the right place at the right time. Tchoungui, many also say, is fully familiar with the task that awaits her at Atlantic Cocoa.  

Worthy to be said is the fact that Tchoungui is taking the top position in the company at a time the cocoa sector is still dominated by exports. 

The situation has persisted, despite the many campaign moves government has undertaken to step up the local processing of cocoa.

Tchoungui is expected to work with the government and organisations like the Cocoa and Coffee Inter-professional Council, CICC to step up the collection of raw cocoa beans and keep production costs under control in the face of the rising cost of energy.

The new Atlantic Cocoa boss is a graduate from the Catholic University of Central Africa in Yaounde. She also studied at the London Business School.

The Atlantic Cocoa Corporation is an industrial cocoa processing unit based in the industrial port area of ​​Kribi. 

It has an annual processing capacity of 48,000 tons of cocoa beans, expandable to 64,000 tons. Investment in the corporation is said to be at over 40 billion FCFA.

 

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