Ivory Coast’s growth is set to ease as rising import costs widen its external deficit, testing the economy just as the country exits a $4.8 billion International Monetary Fund facility.
People ride motorcycles in downtown Bouake, central city of Ivory Coast, on June 3, 2018. (Photo by ISSOUF SANOGO / AFP) (Photo credit should read ISSOUF SANOGO/AFP via Getty Images)
Gabon began auditing its public debt to establish which obligations should be formally recognised, as the central African nation seeks a new International Monetary Fund program.
Gabon began auditing its public debt to establish which obligations should be formally recognised, as the central African nation seeks a new International Monetary Fund program.
Ivory Coast is considering quarterly reviews of its domestic cocoa price as it looks to adjust to the huge slump in the international market and keep its beans competitive.
A warehouse stores sacks of cocoa beans for shipment abroad in San-Pedro, Ivory Coast, on Friday, Oct. 27, 2023. Cocoa prices are at an all-time high as production in West Africa declines. Now an EU regulation meant to stop deforestation threatens to push prices even higher.
Just three months after its inaugural eurobond sale, the Republic of Congo has returned to the market, seeking to take advantage of lower borrowing costs to buy back some of the debut issuance.
Road traffic on Boulevard du 30 Juin, leading to the Congo River, in central Kinshasa, Democratic Republic of Congo, on Thursday, Nov. 25, 2021. A leak of 3.5 million documents shows how a Chinese-run company moved millions of dollars to former Congo President Joseph Kabila’s family and allies.
Cocoa traders in top grower Ivory Coast are holding off buying beans that will be harvested from the upcoming mid-crop, as they seek lower prices following a market rout, according to people familiar with the matter.
Gabon’s government is in negotiations with the World Bank for a $500 million loan to support the economy, according to people familiar with the matter.
The commercial port area in Port-Gentil, Gabon. Photographer: Guillem Sartorio/Bloomberg
Ivory Coast is facing a temporary glut of cocoa at its ports as farmers rush to find buyers due to falling international prices and a cash crunch affecting local exporters.
Anmelden
