Ivory Coast








Environment

Environment

Ivory Coast abundant rains could boost cocoa mid-crop, farmers state

Mainly aboveaverage rains recently in most of Ivory Coast's major cocoa regions augur well for a strong surface of the ApriltoSeptember midcrop, farmers stated on Monday. The world's top cocoa manufacturer remains in its rainy season, which runs formally from April to mid-November. Rains are typically abundant throughout this period. Farmers in general across the country stated the weather condition was in line with their expectation. Farmers said a lot of little and average pods presently on trees would guarantee abundant harvest from August if the weather condition remained great in July. Cocoa farming needs a mix of regular rains...

Environment

West African nations require companies to be able to balance out carbon

A group of 10 West African countries has actually weighed into an argument over whether business around the globe ought to be enabled to use carbon offsets to cut emissions, arguing they are critical to drawing in financing for environment and preservation efforts. While some researchers and technical consultants have criticised offsets as undermining efforts to check environment modification by permitting continued greenhouse gas emissions, others see them as an essential tool to boost important financing. In a letter to the Science-Based Targets initiative (SBTi),. the world's top business climate-target verifier, the 10. nations gotten in touch with its trustees...

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...

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...

Mining

Oil & Gas Exploration

Glencore's ex-head of oil charged with bribery offenses by UK fraud agency

Glencore's former head of oil Alex Beard has actually been charged with bribery offenses relating to the Swiss commodity trader's operations in Africa, Britain's Serious Scams Office (SFO) stated on Thursday. Beard, 56, is charged with 2 conspiracies to make corrupt payments to government officials and authorities of state-owned oil business in Nigeria in between 2010 and 2014 and in Cameroon between 2007 and 2014, the SFO stated. He is among five ex-Glencore staff members charged with conspiracy to make corrupt payments and is the most high-profile commodity trader to have been charged in Britain for declared corruption. Beard joined...

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...

Mining

Ivory Coast loses 22% of power production due to outages, market group states

Unplanned outages at Ivory Coast's primary independent power manufacturers have reduced readily available power supply by 22%, with electrical energy cuts anticipated for the rest of the year, the nation's main business lobby said. The General Confederation of Ivory Coast Enterprises (CGECI). said the power supply crunch had actually currently triggered financial losses. of a minimum of $8 million to the mining sector. It has actually likewise struck. cocoa grinding worldwide's leading cocoa manufacturer. The electrical power crisis is linked to two major unintended. outages that happened on April 16 at 2 independent power. producers, Globeleq's 713 megawatt (MW) Azito...

Climate Change

Climate Change

Cocoa traceability rates stop working to improve as EU deforestation law looms

The volume of cocoa in Ivory Coast and Ghana that can be completely traced did not increase last year, a major UNbacked report has discovered, raising concerns about how the world's leading 2 cocoa growers will comply with a. brand-new EU law prohibiting the import of products connected to. logging. The brand-new law next year will need importers of commodities. and associated items to show their items weren't grown on. deforested land by, amongst other procedures, tracing their supply. chains down to the plot where their raw materials were grown. The report, released by the Cocoa and Forests Initiative. (...

Climate Change

Environment modification costs Africa approximately 5% of GDP, UN environment head states

The effect of global warming is costing African nations approximately 5% of their financial output, the United Nations environment chief said on Thursday, calling for more financial investments to help adjust to climate modification. The 54-nation continent, which has borne the force of climate modification regardless of launching far less contaminating emissions than the industrialised world, gets simply 1% of annual international environment financing. The climate crisis is an economic sinkhole, drawing the momentum out of financial growth, Simon Stiell, executive secretary of the U.N. Framework Convention on Climate Change ( UNFCCC), informed a conference of African ministers of environment...

Climate Change

African governments looking to police top for higher environment financing share

African nations want to use this year's U.N. COP conferences to secure a much larger share of worldwide climate financing, their agents stated at a. conference in Kenya on Thursday, to help deal with the increased. threats from climate modification. African arbitrators have drawn up a list of methods which. will exist to a pre-COP 29, or Conference of the Celebrations,. preparatory conference of African ministers of environment in Ivory. Coast next month. The 54-nation continent has actually been attracting more funds for. climate mitigation and adaptation jobs recently, but. it still gets less than 1% of the worldwide environment...