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Latest Regional News

Fri, 06/04/2018
NEW YORK/LONDON, April 6 (Reuters) - Cocoa futures on ICE fell on Friday, with the London market reaching a five-week low on improving crop prospects in top grower Ivory Coast, while arabica coffee and sugar prices eased but remained above recent lows.
Fri, 06/04/2018
LONDON, April 6 (Reuters) - Cocoa futures were lower on Friday but remained within their recent trading band while sugar and coffee prices also eased.
Fri, 06/04/2018

Through its so-called Cocoa for Good program, the company will invest the funds through 2030 to support four key areas: nourishing children, empowering youth, building prosperous communities and preserving natural ecosystems. The initiative's goals include eliminating child labor and increasing shade-grown cocoa, which can be productive for as much as 15 years longer than plants grown in full sun.

Fri, 06/04/2018
ABIDJAN, April 6 (Reuters) - Ivory Coast's natural rubber producer Saph reported net profit of 12.86 billion CFA francs ($24.21 million) in 2017, up from 1.16 billion CFA in 2016, the company said in a statement late on Thursday.
Fri, 06/04/2018
NAIROBI, April 6 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Friday. - - - - - GLOBAL MARKETS U.S. stock futures slid and the yen rose against the dollar on Friday after U.S. President Donald Trump proposed additional tariffs on China, aggravating trade tensions and smothering a revival in broader investor risk appetite. WORLD OIL PRICES Oil prices f
Fri, 06/04/2018

Ghana President Nana Akufo-Addo defended his government's approval of expanded military cooperation with the United States on Thursday, saying that it would enhance peace efforts in West Africa. FILE PHOTO: President of Ghana Nana Akufo-Addo speaks during Africa CEO Forum at the Sofitel Hotel Ivoire in Abidjan, Ivory Coast March 26, 2018.

Thu, 05/04/2018

The authorities and the IMF team reached a staff-level agreement on the third review of the ECF and EFF arrangements, subject to approval by IMF management and the Executive Board. GDP grew by 7.8 percent last year despite the fall in cocoa prices and social demands and inflation remained subdued at about 1 percent, below the 3 percent regional threshold of the Western Africa Economic and Monetary Union.

Thu, 05/04/2018
(Rewrites throughout, updates prices; adds comment, NEW YORK dateline) NEW YORK/LONDON, April 5 (Reuters) - New York cocoa futures on ICE rose on Thursday, buoyed by arbitrage buying that sharply narrowed the May/July spread while the London May cocoa discount versus the July contract widened on the London market. COCOA * May New York cocoa settled up $33, or 1.3 percent, at $2,508 per tonne. * Despite the weaker British pound , traders said heavy arbitrage dea
Thu, 05/04/2018
LONDON, April 5 (Reuters) - Raw sugar futures edged higher on Thursday but remained in striking distance of last week's 2-1/2 year low, while arabica coffee prices regained some ground after the prior session's fall to a nine-month low.
Thu, 05/04/2018
The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday. - - - - - GLOBAL MARKETS Asian shares bounced from two-month lows on Thursday as world equities recovered from a selloff triggered by escalating Sino-U.S. trade tensions, with investors hoping a full-blown trade war between the world's two biggest economies can be averted. WORLD OIL PRICES Oil prices rose on Thu

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