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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

Energy

Averting a crisis: In Cameroon, the ‘Magi’ unwrap a pockmarked christmas gift; CFA franc devaluation ruled out for now

21 points Weak energy prices and heightened geopolitical risks have struck a debilitating blow on the economies of the central African economic union CEMAC. The urgency of the region’s challenge was articulated today in an impressive 21 point resolution taken at the end of an extraodinary meeting of Central African Heads of State held at the

Is West Africa getting high on liquid natural gas (LNG)

The West African region could become an important trading post for liquid natural gas (LNG) in the near to medium term as countries including Cote d’Ivoire, Senegal, Benin and Ghana complement other potential importers like Morocco, Namibia, South Africa and Sudan to grow Africa’s fledgling demand for LNG. Egypt turned net LNG importer, and Africa’s

Sell the fact! West African commodities and a Trump presidency  

Commodities traded by West African producers fell sharply ahead of the US presidential elections and are yet to recover following confirmation that Donald Trump had secured enough electoral college votes to be declared US President-elect. Strong Coffee: (Cote d’Ivoire, Cameroon) Coffee futures traded both in London and New York dived lower on Tuesday as investors,

S&P rating keeps investor hopes alive on Cameroon’s economy

Are we there yet? Ratings agency S&P has affirmed Cameroon’s long term sovereign rating at ‘B’ with a stable outlook but has warned that this could be lowered if there is a sharp rise in public debt or if political or other setbacks occur. The ratings agency highlighted the economy’s resilience to external and geopolitical

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,

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