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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

Cote d’Ivoire

Cargill profits boosted by cocoa and chocolate products

  Demand for protein a key pillar for Cargill Agribusiness giant Cargill, part of the quartet of companies that dominate global agricultural markets, today reported financial results for the fiscal 2017 first quarter that ended on August 31, 2016. Although revenues were moderately lower compared with last year at USD 27.1 billion, operating profit rose sharply by

Sama resources may need a cash injection for its West African base metal district

Sama resources, the Canadian-based mineral exploration and development business, hopes to develop and operate the first nickel-copper-palladium district in West Africa which has the potential to become “a new world class base metal district”. The project, which is hosted in the large Yacouba layered complex, will cover 1,487 square kilometres of exploratory ground in Cote d’Ivoire and

Cote d’Ivoire open for business as infrastructure development takes centre stage

 President Ouattara declares Cote d’Ivoire open for business Cote d‘Ivoire is open for business to all investors according to its President Alassane Ouattara. Speaking at the US- Africa Business Forum in New York this week President Ouattara said it did not matter if investors were from China, the Middle East or the US but the focus

Cocoa: Cargill flexes its muscle in West Africa, laments the current supply squeeze

Still a roller coaster market The cocoa market has been awash with activity. Last week, we reported a steep decline in prices in anticipation of better supply out of top producer Cote d’Ivoire. News that Cote d’Ivoire would cancel up to 250,000 tonnes of forward-sold 2016/17 cocoa further spooked the market which tumbled heavily as a result. That news

Côte d’Ivoire tightens regulations to curb speculation in cocoa’s rollercoaster market

Sales contract within 6 days The Cocoa and Coffee Advisory Board of Côte d’Ivoire has tightened the regulatory procedure for purchasing cocoa in order to stifle speculation in the market. According to a recent communique, local buyers need to present a sales contract 6 days after a successful bid on the daily cocoa market auction.

Cocoa market investors must revisit portfolios after prices fall sharply in New York

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

Collapse of Abidjan-Niger railway bridge is a headache for Bolloré group

FrancTrade view: The collapse of a key railway bridge linking Côte d’Ivoire to the landlocked countries of Burkina Faso (and Niger) will deal a blow to intraregional trade in the UEMOA zone and may lead to a temporary spike in inflation.The accident will also create a financial and operational hurdle for operator SITARAIL which is part

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