Sahel

West African cocoa crisis sends chocolate prices up

Higher cocoa prices, due to catastrophic harvest in West Africa, triggered a surge of chocolate prices. About 60% of Cocoa, a key chocolate ingredient, is produced in West African powerhouses Ghana and Cote D’Ivoire, which both reported a sharp drop in output due to a devastating heatwave. Experts expect that chocolate prices would further rise […]

Algeria Risks Sanctions if it Buys Russian Arms- U.S. ambassador

The United States is considering imposing sanctions on Algeria if it buys Russian arms, the U.S. ambassador in Algiers told a local news outlet. The move against Algeria is part of measures taken under a law called Countering America’s adversaries through sanctions act (CAATSA), adopted last year, he said. The same law imposes sanctions on […]

BADEA loans Côte d’Ivoire $75m for construction of 7,500 social houses

The Arab Bank for Economic Development in Africa (BADEA) and Cote d’Ivoire signed Monday a loan agreement worth $75 million to be used for the construction of 7,500 social and economic houses to address the housing crisis dogging the West African country. Sidi Ould Tah, Director General of the bank and Adama Coulibaly, Finance Minister […]