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Côte d’Ivoire, Ghana hail progress in making cocoa buyers pay premium to farmers

Côte d’Ivoire and Ghana, the world’s two largest cocoa producers, as well as the Ivorian-Ghanian Cocoa Initiative (CIGCI), created to guarantee a minimum income to farmers, have noted “efforts” by some manufacturers to pay higher prices to producers, after giving them an ultimatum earlier this month. For several weeks, both countries reproached the chocolate manufacturers […]

Guinea: 34 financial officials banned from traveling amid funds embezzlement probe

As many as 34 people dealing with funds in several State entities, including the office of the President, have been banned from leaving the country amid an ongoing investigation into alleged funds embezzlement. Aly Touré, the Prosecutor of the Court for the Repression of Economic and Financial Offenses (CRIEF) has targeted the people in question […]

Algeria: Crisis Worsening, Fueling Social Anger & Raising Fears of Implosion

The social and economic situation is getting worse in Algeria despite the government’s efforts to contain the crisis, exacerbated by chronic corruption and falling revenue from oil and gas. Deeply concerned over the shrinking of its hard currency reserves needed for the purchase of products manufactured abroad, the Algerian authorities decided to curb import but […]