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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
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
Provisional sales reports from car-maker Renault showed ‘passenger car’ (PC) and ‘light commercial vehicle’ (LCV) car sales dropped marginally in francophone Africa in the year to September 2016 despite an increase in global sales. Notable declines were seen in Chad, Niger, Madagascar and the Democratic Republic of Congo. On aggregate, sales in francophone Africa fell
FrancTrade view: Last week’s disappointing US non-farm payrolls undermined the US dollar against emerging market and major currencies. The US dollar is currently 5% weaker vs. the CFA franc compared with its high in November 2015. CFA franc importers should take advantage of current conducive market conditions, including multi-year lows in wheat prices and lock
FrancTrade quote: “…a safe and successful appraisal drilling campaign has confirmed the world class nature of the [Senegal] SNE field… and also with the additional potential that we see, not only in SNE but also in the surrounding acreage position.” Simon Thompson, Chief Executive Officer, Cairn Energy PLC Cairn Energy PLC, a UK listed FTSE
Data released by Senegal’s National Statistics office showed a moderate rise in consumer price inflation to 0.9% month on month; 0.2% year on year. However, the food and alcoholic beverage subindex rose sharply by 2.1% month on month, second only to the communication subindex which rose by a massive 3.1% month on month (3.9% year
