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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

Senegal

Renault: Provisional data shows a decline in car sales in francophone Africa

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

Wheat: CFA Franc importers should take advantage of decade low prices, weaker dollar

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

A lot still to go in Senegal, according to Cairn Energy

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