Trade and exchange

The Heads of State of the West African Economic and Monetary Union (WAEMU) decide on the harmonization of the costs of Covid-19 tests and the recognition of the tests carried out by the laboratories authorized to do so in their various countries. The validity of the tests is now five days for travelers in the WAEMU space from the day of sampling. The Heads of State of the Member States of the West African Economic and Monetary Union (WAEMU) have decided to harmonize the costs of Covid-19 screening tests for all travelers…

Brexit is pushing the UK to diversify its trading partners. In this context, since the beginning of 2020, London has strengthened its trade diplomacy with Africa and signed agreements with more than ten African countries. Left for several years, Africa, which represents only 3% of British foreign trade, could play a more important role in the future.…

After almost ten years of exclusion, the Democratic Republic of the Congo will once again be able to take advantage of the trade preferences offered by AGOA. This decision was taken by the outgoing US President Donald Trump, as the US appears to be one of President Tshisekedi's privileged allies. On 19 May 2020, Constance…

Ivory Coast and Ghana continue their deal with multinational chocolates. The two countries, which concentrate two-thirds of the world's cocoa production, accuse them of refusing to pay the Decent Income Difference (DRD), a premium of $ 400 per tonne for planters. The regulators, the Ivorian Coffee-Cocoa Council (CCC) and the…

On the finish of November (Monday 30), Côte d'Ivoire and Ghana voted towards two US multinational chocolate corporations. Hershey and Mars are accused of avoiding paying a premium of $ 400 per tonne of cocoa bought. Known as the "Respectable Revenue Differential", this sum was negotiated final yr with the key chocolate teams. The goal is to make sure increased costs for producers. Abidjan and Accra…

From Madagascar, from today to 3 December 2020, the first regional business forum on the island must be held. On this occasion, the locked region of Atsimo-Andrefana, furthest south of the island, was chosen to host the very first edition. Two hundred participants are therefore expected in the city of Tulear, economic actors, project managers, representatives of ministries and local authorities but also…

Hershey's and Mars, two American corporations within the chocolate trade, draw anger from Abidjan and Accra. Ivorian and Ghanaian cocoa regulators criticize them for undermining efforts to extend farmers 'producers' incomes. The 2 multinational corporations have "quickly" modified provider to keep away from financing the respectable revenue distinction, a bonus supposed for cocoa farmers.…

Continuation and finish of our sequence on Madagascar lychee. Yearly, 2 to three weekends earlier than Christmas, there's Malagasy lychee, harvested in mid-November, in cubicles of European futures. A distinct segment market the place Madagascar reigns supreme, with greater than 15,000 tonnes exported every year. Because the main producer within the southern hemisphere, it's the solely nation on the…

West African shea exports are currently slower, but they broke their record highs last season. The use of this vegetable fat is increasing, especially in Europe. West Africa exported no less than 500,000 tonnes of shea between August 2019 and July 2020, the campaign's start and end dates. This has just been revealed by the…

The European Union has chosen its candidate to lead the World Trade Organization (WTO), the Nigerian Ngozi Okonjo-Iweala. The EU Ambassador to Geneva will officially announce this Tuesday, October 27th. Former Minister of Foreign Affairs and Finance of Nigeria, formerly number two at the World Bank and perhaps soon the…