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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

Maritime

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

West African crude exports to Asia drop; “Dirty Diesel”

57 vs 66 The volume of crude oil being shipped to Asia from West Africa has moderated this September. This is according to a Bloomberg survey of traders which predicts cargoes will fall to 1.79 million barrels a day down over 10% from August. 57 cargoes are expected to be shipped to Asia from Angola,