Cameroon, Nigeria to join Ivory-Ghana-led Cocoa cartel, boosting growers’ leverage

Cameroon and Nigeria have requested to join the Côte d’Ivoire-Ghana Cocoa Initiative (CIGCI), a joint body spearheading the interests of the two countries in the Cocoa trade — if both countries are admitted, the initiative will represent about two-thirds of global Cocoa production. The initiative was set up after a 2018 declaration by Ivory Coast […]

African cocoa shortage sends chocolate prices surging across Europe

Chocolate prices jumped nearly 18% across the European Union in 2025, marking the steepest increase of any food product, following a historic spike in cocoa costs driven by West African drought and plant disease. West Africa, notably Ghana and Cote D’Ivoire, are the world’s main cocoa‑growing region, which pushed supplies to their lowest levels in […]

Angola, DRC close to settling 50-year oil block dispute to become joint holders

Angola and the neighboring Democratic Republic of the Congo (DRC) are reportedly inching towards a settlement of a 50-year dispute over one of their offshore oil blocks, which may also pave the way for the expansion of collaboration between the two countries in various sectors. If successful, the deal could help reduce tensions between the […]