The issue value of a share and therefore the share price is € 19.12€ with a nominal value of €1.00.

A total of 52,301 shares will be issued for 999,995.12€.

Only preference shares are issued. They have no voting rights, but receive a higher dividend of 2.00% of the nominal value per share compared to ordinary shareholders.

At a share price of 19.12€, the fairafric Group (Germany, Ghana, Amanase) is valued at approx. 13.5 million€.

3 steps are necessary to produce chocolate

Cultivation of cocoa
Our cocoa families grow cocoa on their farms according to the principles of dynamic agroforestry. The first harvest can take place around 5 years after the cocoa trees are planted.
Over the course of a year, there is a main harvest (September to March) and a secondary harvest (May to August). The cocoa beans are removed from the cocoa pod and dried in the sun. The dried cocoa beans are then packed in sacks and sold.

Bean processing
During cocoa processing, the cocoa beans are first sorted. The shells are then removed from the beans and they are roasted. The roasted cocoa beans are also known as cocoa nibs.

The cocoa nibs are then ground into a viscous mass. This mass is called cocoa liquor.

Cocoa butter can be extracted from the cocoa mass using a press. Fairafric will repeat this step at a later date.

Chocolate production
The basic ingredients of chocolate are sugar, cocoa mass and cocoa butter. These are first mixed and finely rolled. The mass is then churned (a process in which the flavors of the cocoa are refined through temperature and rotation over a longer period of time, sometimes more than 24 hours). The mass is then tempered to perfect the texture and melting of the chocolate. Finally, the chocolate is poured into molds (e.g. bars), cooled and packaged.

The finished chocolate then makes its way to you by ship.

Cocoa cultivation
Around 500 cocoa families grow cocoa on their farms using the dynamic agroforestry principle. Most of the trees were planted in 2020 and will produce a larger harvest for the first time in 2025.

Bean processing
Previously, fairafric had the beans processed by a service provider in Ghana. There is currently only one processor in Ghana that is authorized to process organic cocoa. As this processor processes 90% conventional products and the costs for cleaning and converting the facilities are very high, a minimum quantity of 100 tons of cocoa is required. At the same time, there are only very few processing periods for organic cocoa per year.

fairafric must therefore adhere to these processing periods and we can therefore only process cocoa that has been harvested exactly on this date.

Chocolate production
fairafric's chocolate factory is one of the most modern factories in the world and is certified to the highest food safety standards. It is the world's first solar-powered organic chocolate factory. Up to 4,000 tons of chocolate (approximately 50,000,000 bars of chocolate) can be processed each year. Our products are currently sold on 5 continents.

In just 5 years after the start of construction, more than 215 well-paid direct jobs were created in the factory.

There are a few cocoa bean processors in Ghana. However, there is only one processor that is authorized to process organic cocoa. As this processor processes 90% conventional products and as the costs for cleaning and converting the facilities are very high, a minimum quantity of 100 tons of cocoa is required. At the same time, there are only very few processing periods for organic cocoa per year.

fairafric must therefore adhere to these processing periods and we can therefore only process cocoa that has been harvested exactly on this date.

The infrastructure is already in place on our premises and the bean processing will be integrated into the existing factory building.

We therefore expect to be up and running within a few weeks of fundraising.

As a reference: fairafric's factory was completed in just 5 months from the ground-breaking ceremony to the first bar of chocolate. There was no electricity, water or road connection beforehand.

The impetus for the construction of the bean processing plant came from the many conversations and close exchanges with our cocoa families.

The feedback we have received is that the families are filled with pride that their cocoa beans are now being processed into finished products directly in Ghana for the first time. However, until now they have only been able to sell their cocoa to fairafric at certain times (when fairafric receives a processing period from the external service provider). All the cocoa harvested after this time cannot be stored until fairafric needs cocoa again, so the families have to sell the cocoa at a significantly lower price and sometimes even conventionally.

By processing its own cocoa beans, fairafric is able to process cocoa all year round and 24/7 and buy it from the families.

In this way, we can ensure that as many cocoa beans from dynamic agroforestry are processed as possible.
This means a significantly higher income for the cocoa families, as the premium from fairafric (at least 792$ per tonne of organic cocoa, per tonne of organic cocoa from DAF the cocoa families receive 1,042$) is a multiple of the regular premium from organic (300$ per tonne) or Fairtrade (240$ per tonne)

More CO2 is bound in the soil

The fact that fairafric can demand even more cocoa beans from dynamic agroforestry means that reforestation on the farms can progress faster and even more carbon can be sequestered in the soil.

With our new Visitor Center, we also want to give our customers the opportunity to get an in-depth look at our operations. The factory visit will be combined with a visit to our farmer communities, all in one day! Unique in the world!

fairafric issues preference shares. Preference shares are shares where the shareholders do not have voting rights, but receive a higher dividend (a preference) compared to ordinary shareholders. For this issue, this preference is 2.00% of the nominal value (1.00€) per share. If the preference shares are not paid or not paid in full and the arrears are not settled in the following year, the preference shareholders receive voting rights as long as the arrears have not been settled (§140 AktG).

We do not share information about our investors with any tax office. You simply declare the interest/dividends received on your tax return.

If you want to lend us money interest-free, write us a short e-mail. Of course, this also works and supports us even more.

As the shares are issued unsecured, you may lose your entire investment. fairafric is not yet profitable, so further investments and the success of the current campaign are necessary to ensure liquidity. A further financing round with institutional investors is to be carried out in the near future, for which the first commitments have been made. Nevertheless, there is a risk that the round cannot be closed. Under no circumstances should you invest money that you absolutely need.

The public offer starts on April 16, 2025 and runs until all shares (52,301 shares) have been subscribed.

As this is a new issue of shares, the price is set by fairafric. We have done this in consultation with experts, new investors, our existing shareholders and calculations. In the calculations, we looked at the development since the last valuation, the costs that would arise if the company were to be built up again in the same way and we discounted the future cash flows and took into account the current market situation in comparison with benchmark companies.

The valuation was set at 13.5 million euros together with institutional investors.

fairafric AG is not listed on the stock exchange (for regulatory reasons, this will not be possible for at least a few years). However, in order to create tradability, we have set up a kind of bulletin board with a service provider,
, where buyers and sellers can come together. Click here to go to the platform.

2015
First official meetings between Hendrik and cocoa farmers and cocoa workers in Ghana.

2016
First Kickstarter campaign
Foundation of fairafric GmbH
First production

2017
Second Kickstarter campaign
Successful organic certification of the entire value chain
Switch from 20g bars to 100g bars

2018
Third Kickstarter campaign
Climate-neutral certification (both chocolate and company)
Establishment of the fairafric Foundation, which holds shares in fairafric GmbH for cocoa farmers
First Seedrs campaign (Seedrs enables start-ups to gain their customers as shareholders), in which 264 private individuals have invested in fairafric

2019
Decision to build a larger chocolate factory on our own: On the land of the cocoa cooperative we work with, in the rural region where the cocoa beans also grow.
Increase in shareholders to 360; Ludwig Weinrich and claro fairtrade AG join the fairafric family
Winner of the Lammsbräu Sustainability Award

2020
Construction of our new chocolate factory in Amanase. Record-breaking construction time of 5.5 months from the ground-breaking ceremony to the first bar.

2021
fairafric GmbH becomes fairafric AG. Within 3 days, the first convertible bond with 990,000€ is fully subscribed and within 24 hours the first share issue of fairafric for 999,589.80€ is sold out. fairafric buys 250 tons of cocoa beans for production in 2021 and pays the highest premiums in West Africa. fairafric also chases from record to record in 2021. fairafric more than doubles the previous year's sales and produces over 2,000,000 bars of chocolate.

2022
After an outstanding first quarter in 2022, the macroeconomic shocks
prevent further growth for fairafric. However, while many other brands are struggling with
declining sales and discontinuations, fairafric remains present in all
markets and is gaining strong market share.

fairafric also reaches the final of the German Sustainability Award 2022 and is recognized as one of the most sustainable companies in Germany.

2023
fairafric enters the B2B business with its own line of chocolate drops. The chocolate drops are used by large bakeries and cookie manufacturers, among others, in their products and the line is already running around the clock after a short time.

fairafric launches a vegan cashew-based milk chocolate on the market, which is a complete success and becomes one of the best-selling products.

fairafric receives its first major orders for contract manufacturing and starts production for its first customer in the USA.

2024
fairafric sources the first smaller quantities of cocoa from Serendipalm Dynamic Agroforestry. The first phase of the journey to climate positivity is successfully completed.

Demand from major customers grows rapidly, creating over 100 new jobs and, by the end of the year, over 200 people are employed by fairafric Ghana.

The owners of fairafric are the founding team, our 1244 shareholders from the customer base, Ludwig Weinrich GmbH and claro fair trade AG as well as our team and the cocoa farmers of our partner cooperative.

1. we will buy and install the necessary machinery for bean processing.

2. we will buy organic cocoa beans from dynamic agroforestry for the start-up.

3. we will create more jobs and finance further training for our existing team.

We expect to be operating profitably from the end of 2025. When exactly this will happen depends heavily on the development of the global market price for cocoa.

With our new Visitor Center, we also want to give our customers the opportunity to get an in-depth look at our operations. The factory visit will be combined with a visit to our farmer communities, all in one day! Unique in the world!