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By Sona Ebai Jr. Opinion: Despite billions of CFA francs being spent to train farmers, more action to achieve good quality beans is needed with fierce urgency. The Cameroonian government plans to pay farmers a premium totaling up to 1 billion FCFA (US$ 1.8 million) to enable them produce higher
Ahead of 2017/18 The Russian gas giant Gazprom has signed an 8-year contract with Pegasus shipping to charter a ‘clean energy’ vessel that will mainly be used to transport volumes from Cameroon’s liquid natural gas (LNG) project, slated to come on-stream by mid-2017. This follows Gazprom’s partnership with the National Hydrocarbon Company of Cameroon (SNH)
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
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
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
Investors may be falling out of love with cotton Cotton producers and exporters in West Africa could be vulnerable to a correction in cotton prices after speculators sharply reduced their long positions on the New York Intercontinental exchange (ICE) for the week ending October 11. According to data from the US CFTC, cotton investors trimmed
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
USD74bn++ Exxon Mobil has disagreed with a ruling by the government of Chad imposing a mammoth fine on the company. The fine of USD 74 billion was levied as a penalty for unpaid royalties. Exxon, the world’s biggest oil producer by market value, has been exploring oil in chad since 2001 and operates the Chad-Cameroon
Finances looking dismal An interview with the General manager of the Cameroon Development Corporation (CDC), Mr Franklin Njie, reveals the finances of the second largest employer in Cameroon is in dismal condition. CDC employs over 22,000 staff and produces banana, rubber and palm oil for local and international markets. Low rubber prices have stymied revenues
FrancTrade view: Investors, financial market participants and other stakeholders exposed to the cocoa sector are advised to revisit their portfolios after today’s sizeable decline in cocoa prices on the New York exchange. Prices fall 4% on Friday Cocoa futures quoted on the New York exchange have fallen to their lowest level in 7 months. The December
