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Yaoundé - 25 April 2024 -
Trombinoscope

Kate KANYI FOTSO, Queen of Cocoa

Kate KANYI FOTSO, Queen of Cocoa

(Business in Cameroon) - Through Telcar Cocoa, a local trader for American firm Cargill, Kate Fotso acquired Ets Ndongo Essomba’s cocoa assets in Cameroon’s 2021-2022 cocoa season. This solidified her dominance in cocoa trading, as she single-handedly secured 35.8% of cocoa exports in the 2022-2023 season, according to the National Cocoa and Coffee Office. A cocoa figure for two decades, Telcar Cocoa's DG promotes certified cocoa cultivation and has disbursed over CFA6 billion in premiums to certified cocoa farmers. Forbes estimates her fortune at $252 million (about CFA150 billion), making her the wealthiest woman in French-speaking sub-Saharan Africa.

However, her wealth has certainly dwindled in recent years due to the ongoing separatist claims in the Southwest region, former cocoa-producing land in Cameroon, where Telcar Cocoa and Kate Fotso often made up to 80% of their purchases.