Chocflation: Ghana mulls 100% cocoa price hike amid perfect storm of multiple crises

Ghana, the world’s second-largest cocoa producer, considers doubling farmgate price of the crop to combat smuggling amid a global shortage, as the country’s share of the whole sale market price shrinks to 16% from 44% in mid last year. The Ghana Cocoa Board and the country’s government are reportedly muling a significant increase — potentially […]

Morocco seizes firearms concealed by recently busted terrorist cell

Morocco seized firearms including Kalashnikovs in the region of Errachidia, near the borders with Algeria, hidden by a recently dismantled cell loyal to the Islamic State taking orders from a chief in the Sahel. Moroccan anti-terrorism agency BCIJ along with the national Police DGSN conducted a thorough search in the terrorist group’s rear base in […]

Time, Money Running out for Algeria- Stratfor Warns

International think tanks and risk consultancies continue to draw bleak prospects for Algeria whose finances have been severely battered by low energy prices coupled with a decline in output and an increase in domestic consumption. In a detailed report, Statfor, a US firm specialising in geopolitical risk analysis, warns of the unravelling of Algeria as […]