Ivory Coast

Refined Products

Ivory Coast, Ghana unable to provide up to 500,000 lots of pre-sold cocoa beans

Leading cocoa producers Ivory Coast and Ghana, in the middle of one of their worst harvests in years, do not have beans available to satisfy shipments of up to half a million tons presold at about a quarter of current world rates, 2 market sources told . The beans make up about 20% of the countries' joint output and the aim now is to provide them next season to the purchasers instead of throughout the existing season, the sources said. The beans were pre-sold for around 2,000 pounds ($ 2,508.00). a metric heap while world cocoa rates are currently. nearer...

Fossil Fuels

Fossil fuel-focused Africa Energy Count on track to start this year

The proposed Africa Energy Bank, which will focus investment in oil and gas projects across the continent, is set to begin operations later this year with an initial $5 billion licensed capital base, a senior authorities said on Wednesday. The bank, a partnership between Afreximbank and the African Petroleum Producers Company (APPO), is implied to help plug a. moneying gap in Africa amid pressure on significant banks from. ecological groups to move financial investment dollars away from. climate-warming oil and gas tasks. Africa must set up its own funding ability so that. we can still develop this tactical sector, that...

Environment

West African nations call for companies to be able to balance out carbon

A group of 10 West African countries has actually weighed into a dispute over whether companies around the globe should be allowed to utilize carbon offsets to cut emissions, arguing they are important to bring in funding for environment and preservation efforts. While some scientists and technical consultants have criticised offsets as undermining efforts to rein in climate modification by allowing the continued emissions of greenhouse gases, others see them as a necessary tool to enhance essential finance. In a letter to the Science-Based Targets initiative (SBTi),. the world's top business climate target verifier, the 10. nations called on its...

Environment

Chocolate costs to keep rising as West Africa's cocoa crisis deepens

Surveying the removed landscape of her farm dotted with pools of cyanidetainted, tea coloured waste water left by prohibited gold miners suffices to make Janet Gyamfi break down. Only in 2015, the 27-hectare plot in western Ghana was covered with almost 6,000 cocoa trees. Today, less than a dozen stay. This farm was my only methods of survival, the 52-year-old divorcee told , tears streaming down her cheeks. I. planned to pass it on to my children. Long the world's undisputed cocoa powerhouses representing. over 60% of international supply, Ghana and its West African neighbour. Ivory Coast are both facing...

Environment

Chocolate rates to keep rising as West Africa's cocoa crisis deepens

Surveying the removed landscape of her farm dotted with pools of cyanidetainted, tea coloured waste water left by illegal gold miners is enough to make Janet Gyamfi break down. Only last year, the 27-hectare plot in western Ghana was covered with almost 6,000 cocoa trees. Today, less than a dozen remain. This farm was my only methods of survival, the 52-year-old divorcee informed , tears streaming down her cheeks. I. prepared to pass it on to my children. Long the world's indisputable cocoa powerhouses accounting for. over 60% of international supply, Ghana and its West African neighbour. Ivory Coast are...

Environment

Ivory Coast bets on solar as part of renewables drive

Ivory Coast officially opened a 37.5 megawatt (MW) solar energy plant on Wednesday in what the federal government said was the first step of a. strategy to incorporate more renewable energy into the power sector. Ivory Coast, the world's leading cocoa producer, is seeking to. end up being a significant power supplier in West Africa. It produces most of its approximately 2,250 MW of power from oil. and gas and already exports electrical power to Ghana, Burkina Faso,. Benin, Togo and Mali. By 2030, the nation desires 45% of its energy mix to consist. of renewable energy. This is our...

Mining

Opening of new mines improves Ivory Coast 2023 gold output

Ivory Coast's gold output hit a record high in 2023, assisted by the opening of brand-new mines, and will continue to grow further, mines minister Mamadou Sangafowa Coulibaly said on Thursday. Ivory Coast, the world's leading cocoa manufacturer, is seeking to develop its long-neglected mining sector to diversify its income sources. Gold output has been climbing steadily for a number of years and is anticipated to reach 56 metric tons this year, Coulibaly told press reporters at a press conference. In 2015, it rose to 51 loads, up over 6% from 48 heaps in 2022. Mining companies running in Ivory...