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Across Your Markets

First production of LNG has successfully started from the Hilli Episeyo vessel off Cameroon. Hilli Episeyo has a relatively small production capacity of 2.4 million tonnes a year and its first cargo will be loaded around early April 2018 (Bloomberg).     The Monetary Policy Committee of West Africa’s CFA regional central bank (BCEAO) holds its benchmark interest rate unchanged at 2.5 percent (7 Mar 2018)    Cote d’Ivoire and Cameroon among the top 5 banana exporters to Spain with volumes of around 5,000 tonnes and 3000 tonnes respectively in August 2016    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     Uber technologies plans to offer its services in Cote d’Ivoire, Cameroon and Senegal in 2017 according to Alon Lits, its general manager for sub Saharan Africa    Nestlé, Brasseries du Cameroun and Camlait now among 55 companies allowed export duty-free access to the central African economic bloc

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Friday, December 14, 2018

Agriculturals

Franc Opinion – Franctrade opines on Siat’s agribusiness strategy in West/Central Africa (Courtesy: Jeune Afrique Feb 2017)

Stratégie : pourquoi Siat abandonne le palmier à huile (Par Omer Mbadi) Après avoir cédé cette branche de sa filiale gabonaise à Olam, le groupe belge s’apprête à effectuer un retrait similaire avec son entité nigériane Presco. Objectif : s’engager davantage dans l’hévéa. Branle-bas de combat à la Société d’investissement pour l’agriculture tropicale (Siat). Fin 2016,

From Noha Nyamedjo and Transmar to Itochu: An unrelenting cocoa market exposes trader’s soft underbelly

Franc view: Cocoa’s implacable market has claimed a scalp in the name of Japanese trader Itochu Corp, via its partnership with the Transmar Group. Transmar currently faces a precarious financial situation which could impact its other investments along the West African cocoa belt, most recently the cocoa processing unit in Douala, Cameroon – Noha Nyamedjo

Olam – a bellwether for Africa’s commodity markets

Comments from Olam’s management at its recent Q3-2016 earnings teleconference acutely highlight the major trends in commodities in key francophone and West African markets and, in our view, emphasise Olam’s position as the bellwether for developments in agricultural and consumer goods in the region. A strategic cluster Strategically, Olam considers Africa as one of its

Bread and butter issues: The time for cheap wheat may soon be over

Timing is everything On September 5, 2016, Franctrade recommended that wheat importers in our footprint markets take advantage of relatively cheap wheat prices and a weaker US dollar and lock some forward contracts in anticipation of more stringent market conditions. Front month wheat prices have since rallied by 12% on the Chicago Board of Trade to

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