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Across Your Markets

Change in commodity futures prices YTD May 8, 2020: Cocoa (-4.8%); Wheat (+3.7%); Maize (-17.5%); ICE Natural gas (-55%); Gold (+12.1%); Soyabeans (-23.1%); Cotton (-18.2%); Rough rice (+27.2%); Platinum (-18.5%); Arabica coffee (-15.1%); Brent crude oil (-53.3%); Copper (-14.6%); Sugar (-23.3%);     Whilst Africa's growth in 2020 could fall to its lowest since the 2008/9 global financial crisis, the asymmetric nature of shocks facing the region, coupled with increasing investment and cross-border trade, should help the region recover speedily.

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Thursday, July 2, 2020

Congo DRC

DRC eyes Uganda-Tanzania oil pipeline

Local media reports indicate that the Republic of Congo (DRC) has made overtures towards using a 1,410-kilometre oil pipeline from Lake Albert in Uganda to Tanga Port in Tanzania. Total E&P of France, the UK’s Tullow Oil and China’s CNOOC all have stakes in the Uganda project. The pipeline, which is still under construction, will have