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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

Logistics

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

Can the electronic CFA franc survive the curse of digital wallets and boost trade in francophone Africa?

From Dublin to Dakar The electronic CFA franc (eCFA) will struggle in the absence of a thriving ecosystem, according to industry experts interviewed by FrancTrade.com. This follows an announcement today by the Senegal-based Banque Régionale de Marchés (BRM), that it is partnering with the Dublin-based eCurrency Mint Limited (eCM) to provide a digital currency in

Lafarge and Dangote cement accompany China on an African odyssey

Improving demand Franctrade expects cement consumption in West Africa to rise strongly in 2016 after a robust recovery in 2015. Improving urbanisation rates and large infrastructure projects have fuelled cement demand with growth pegged at 3.1% in 2015, up from 0.9% in 2014 according to estimates from the industry association, cemnet According to Bloomberg intelligence, funding

Is Dakar the next port and logistics El Dorado?

A leading enabler of global trade Dubai Ports (DP) World, which operates marine and inland terminals across six continents, is looking to turn the West African city of Dakar in Senegal into a key logistics hub. The chairman and CEO of DP World has reiterated the company’s readiness to be part of the massive change

Renault: Provisional data shows a decline in car sales in francophone Africa

Provisional sales reports from car-maker Renault showed ‘passenger car’ (PC) and ‘light commercial vehicle’ (LCV) car sales dropped marginally in francophone Africa in the year to September 2016 despite an increase in global sales. Notable declines were seen in Chad, Niger, Madagascar and the Democratic Republic of Congo. On aggregate, sales in francophone Africa fell

Cameroon runs to Malaysia for clues as domestic palm oil demand grows

Franctrade understands that a delegation of agribusiness executives and officials from Cameroon’s Ministry of Agriculture recently visited Malaysia to acquire skills on how to optimise output in the oil palm sector. Cameroon has ambitions to increase palm oil output to 450,000 tonnes, from the current 270,000 by 2020. Cameroon does not produce enough palm oil

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