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Food and fertiliser importers will have to source foreign exchange independently of the central bank as part of efforts to stem forex outflows and narrow Nigeria’s trade deficit. The country’s trade deficit widened to NGN 178.2 billion in June 2020, the largest in over 15 years. Nigeria spent 16 percent of its total import bill
Two weeks ago, WTI crude for May delivery tumbled deep into negative territory. Some could argue the writing was on the wall when major #African producers failed to secure buyers from staple and long-haul markets, against a backdrop of severely limited storage capacity. Even now, markets in contango offer little comfort to naturally-long or speculatively-short
Franc Opinion: The Fertiliser Voucher Programme in Nigeria may provide useful clues on successfully running this initiative in Cameroon, given the risk for rent-seeking behaviour inherent in similar schemes. Cameroon is looking to buy 9,000 tonnes of fertiliser between 2018-2020 to buoy its ailing palm oil sector after output dropped sharply in 2016. Funds will
Le Cameroun est le 5 e producteur de coton en Afrique ceci après le Burkina Faso, le Mali, la Cote d’Ivoire et le Bénin. Ce secteur agricole est pratiqué dans le Grand Nord du Cameroun et rencontre de nombreux obstacles qui freinent son envol. La filière cotonnière est présente dans le nord, l’extrême nord et
