Chocolate City Group has opened applications for the first edition of its Founders Fund Africa Creative Economy Accelerator Programme, offering funding of between $20,000 and $50,000 to selected startups operating in Africa’s creative industries.
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Global cocoa prices are beginning to retreat after a record-breaking rally over the past two years, offering relief to chocolate manufacturers. However, consumers are unlikely to see cheaper chocolate anytime soon as major confectionery companies continue to navigate high production costs while using premium products and social media-driven marketing to stimulate demand.