In 2017, Balmed has started to source cashew nuts from smallholder farmers in Sierra Leone. This was the first time ever, cashew was exported officially from Sierra Leone. The Country offers excellent opportunities in the cashew sector, for cashew production and processing. Balmed is currently establishing a fully traceable cashew value chain for improved quality and increased income for rural farmers. Within the next years, Balmed expects to establish a cashew processing factory in Sierra Leone sourcing cashew nuts sustainably from ist own Blockfarms. Balmed is curently sourcing cashews. Farmers and suppliers can contact the nearest Balmed office for registration.
Balmed has been selected as a associated partner firm in the Africa Asia Pro Bono Program by the international law firm Sidley Austin LLP. The Pro Bono Program aims to provide legal advice to the world´s poorest farmers. The Sidley lawyers so far have adviced Balmed on a loan agreement. For more informations regarding the Pro Bono Program and Balmed´s role please visit the following link.
BALMED PRO BONO
In order to cope with the poor food situation in Sierra Leone, a group of NGO´s, Government institutions and private sector partners, headed by FAO gathers weekly to discuss and implement food security strategies. So far various partners have presented their ideas and solutions in the meeting. Balmed has also presented the Blockfarming concept as well as its mobile cashless payment system to the group as an innovative approach towards food security and traceability in the agriculture sector in Sierra Leone.
The African Agriculture Trade and Investment Fund has sent a consultant to Sierra Leone to assess the impact of Ebola on Balmed´s operations as well as its sourcing ability of produce for the upcoming trading cycle. Balmed has signed a trade finance agreement with AATIF in 2013 which has been put on hold due to Ebola and the State of Emergency in Sierra Leone. Balmed is looking forward to continue the trading activities, once the State of Emergency has been lifted.