Cocoa Loan Syndication Oversubscribed
Cocobod has already received around $1.6 billion worth of bids in an oversubscribed loan syndication aimed at financing purchases of the 2017/18 crop. The world’s second-largest cocoa producer...
Tag: cocoa producer
Heavy Rains Have Killed 15 In Ivory Coast
The heavy rains drenching Ivory Coast since May have killed at least 15 people in the economic capital Abidjan and injured over two dozen, the government said on Wednesday. West Africa's rainy...
Four Killed In I.Coast Clashes Between Ex-Rebels and Police
Four people were killed when police clashed with former rebels barricading the road into the Ivorian city of Bouake, as part of the spillover from a corrosive army mutiny over pay. The protesting...
I. Coast Economic ‘miracle’ Risks Morphing Into Mirage
Following a string of mutinies, plummeting cocoa prices, depressed growth and social unrest, Ivory Coast's economic "miracle" has taken a battering and runs the risk of turning into a mirage....
Shooting In Abidjan and Bouake
Heavy gunfire has erupted in Ivory Coast's two biggest cities, as a mutiny in the army enters its fourth day. The mutineers blocked roads outside a barracks in an affluent neighbourhood of Abidjan,...
Fitch Upgrades Ghana Outlook To Stable
Fitch ratings agency upgraded Ghana’s outlook to stable on Friday and said the government was making progress in stabilizing the economy after a period of crisis. The agency kept its ‘B’ rating...
Gunfire In I.Coast Barracks After Rebels ‘apologise’ For Mutiny
Sporadic gunfire rang out overnight in a military barracks in Ivory Coast's second city of Bouake, where a mutiny erupted in January, an AFP journalist said Friday. The shots were heard just hours...
Ivory Coast’s Rebel Soldiers Apologise To President
Some 8,400 Ivory Coast soldiers who mutinied in January apologised to President Alassane Ouattara in an orchestrated ceremony that was aired on national television late Thursday. Organised without...
Former Rebels Block Entrance To I. Coast’s Second City
Several hundred ex-rebels on Monday blocked access to Ivory Coast's second city Bouake, their former stronghold, seeking thousands of euros in bonuses in line with a deal following a deadly January...
CPC Collapsing Over $100m Debt
A debt stock of about $100 million is crippling the Cocoa Processing Company (CPC) located at Tema. West Africa’s largest local processor, CPC, which has been listed on the Ghana Stock Exchange...
Ghana Likely To Miss 2017/18 Cocoa Target Over Unfavourable Weather
Ghana may miss its cocoa production target for the 2017/2018 crop season if the weather pattern forecast by the Ghana Meteorological Service is anything to go by. The service has predicted severe...
Ghana Faces Budget Bind; Unplanned Spending Roils Investors
Ghana’s new finance minister faces having to fulfill election pledges to spend more on education and job creation while trying to raise investor confidence eroded by fears about the nation’s...
I.Coast Hosting Bid To Save Its Last Chimpanzees
Ivory Coast, which has seen a 90 percent decrease in its chimpanzees in just 20 years, is to host international talks in July in a bid to save the primates. Some 200 experts are due in the economic...
Ghana Cocoa Buyers Say Cocobod Financing Delays Hindering Purchases
Licensed cocoa buyers in Ghana said yesterday that week-long delays in the release of financing by industry regulator, Cocobod, was hindering their ability to purchase the beans needed to fill their...
Cocobod Outlines Interventions To Boost Cocoa Production
Ghana, the world's second-largest cocoa producer, has put in place a number of interventions and best agronomic practices to help double the output of the crop within ten years. Ghana's cocoa...
Terkper Hunts For US$2bn From China
The government has revived talks with the China Development Bank (CDB) for the remainder of the almost US$2 billion loan facility it abandoned in 2014. The government suspended discussions with the...
Ivory Coast Referendum Turnout ‘very Low’
The turnout in Ivory Coast's referendum on a controversial new constitution was very low, with most people heeding a call to boycott it, the main opposition leader has said, AFP news agency reports....
Cocoa Production To Improve
Although Ghana’s cocoa production fell short of industry forecasts for the 2015/16 growing season, increased investment in seed development programmes and infrastructure upgrades should improve...
Ghana May Now Have Recorded Her First Case of Ebola
A man from neighboring Burkina Faso, who shows symptoms of fever and bled from his nose and ears “was brought in dead,” at the Bawku Presby Hospital in Ghana’s Upper East region Friday...