In a small saucepan, combine water and sugar. Place the saucepan over medium heat and stir until the sugar has completely dissolved.
Remove from the heat. Add the cocoa powder and both extracts to the syrup. Whisk to combine.
Cool to room temperature before using in cold drinks. Transfer the simple syrup to a sterilized glass jar or bottle for storage.
Once the syrup has cooled combine with the half and half in a tightly sealed jar. Shake to combine.
