open-arms

Ivory Coast: bean shortage pushes cocoa exporters on verge of default

Cocoa exporters in Ivory Coast are on the verge of defaulting on their contracts due to a lack of beans and urgently need up to 150,000 tonnes to honor their commitments, according to industry sources. As the world’s top producer heads towards the end of its October-to-March main harvest, cocoa bean supply is tight, with […]

Lome-based BOAD provides $15.3m credit facility for Golden Tulip Akwaba hotel project in Côte d’Ivoire

The West African Development Bank – BOAD- has provided $15.3 million credit facility for Golden Tulip Akwaba hotel project in the Ivorian economic capital Abidjan, whose foundation was laid in December last year. The bank announced the credit facility this week adding that the loan will be used to build and exploit the future infrastructure. […]

Morocco: WB supports Casablanca’s rail projects with $350 Mln funding

The World Bank has approved a $350 million financing package for the Greater Casablanca Mobility & Logistics Hub, which aims to improve services for passenger railways in the Greater Casablanca area. The funding will also support Morocco’s national railway operator – Office National des Chemins de Fer (ONCF) – in managing and expanding railway infrastructure. […]