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Across Your Markets

Change in commodity futures prices in 2018: Cocoa (+28%); Wheat (+17.9%); Maize (+6.9%); Natural gas (-0.4%); Gold (-2.1%); Soyabeans (-2.1%); Cotton (-8.2%); Rough rice (-13.6%); Platinum (-14.8%); Arabica coffee (-19.3%); Brent crude oil (-19.6%); Copper (-20.3%); Sugar (-20.3%);     LafargeHolcim is expanding cement production capacity in Cameroon to 2.1million tonnes from 1.6 million tonnes to compete more aggressively with Dangote which plans to boost capacity to 3 million tonnes within 3 years

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Friday, February 15, 2019

Franc commentary:The CFA franc and what the Italian deputy PM said

“Luigi Di Maio, Italian deputy prime minister… accused the French government of manipulating the economies of mainly former French colonies in Africa, which use a form of the pre-independence currency known as a CFA franc.” Source: BBC Franc commentary: Myriad of African economists have argued on both sides of this issue over recent decades, so, that

Cameroon

The risk of debt distress in the CFA franc zone

Most of the CFA franc zone countries in both central and west Africa are currently considered to be at moderate risk of debt distress. Of the remaining four, three are deemed to be at high risk of debt distress–Cameroon, the Central African Republic and Chad; while Senegal is at low risk. None of the countries profiled is

Macro-Fundamentals

China’s USD60 billion pledge to Africa

The just ended Forum on China-Africa Cooperation (FOCAC) in Beijing,China showcased South-South cooperation at a time when protectionist policies have gained ground in some major economies and which risk undermining North-South partnerships. China’s pledge of another USD60 billion in additional support for African countries has fueled debate on the sustainability of China’s financial and trading relationship with Africa. Meanwhile,