The world’s largest producer of cocoa, Côte d’Ivoire, has suspended its 2023-2024 exports citing bad weather that has caused the death of at least 30 people since April 2023. Yves Brahima Koné, head of the country’s cocoa regulator, told media that the freeze will deal a blow to buyers who are big raw materials trading […]
Gemcorp Holdings Ltd. (GHL), Africa Finance Corporation (AFC) and African Export-Import Bank (Afreximbank) have announced the financial close of Cabinda Oil Refinery in Angola with a US$335-million project financing facility. The announcement comes as the project spearheaded by Gemcorp, a UK-based asset management company, to build a refinery in Angola has been well behind schedule, […]
Morocco loses at least 17,000 hectares of forest lands annually due to climate change and human-induced deforestation, the social economic and environmental council (CESE) said in a new report. It recommended tree planting, awareness raising to avert over grazing, use of artificial intelligence and more efforts to counter wildfires. Forests are key to curbing heat-warming […]
