Cameroon News
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Sucres et Denrees SA took all of the beans delivered against the expired May futures contract on the NYSE Liffe exchange in London, according to Derek Chambers, head of cocoa at the Paris-based trading company.
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Cocoa climbed for a second day in London on speculation supplies will be limited before the delivery of the May futures contract this week. Coffee rose.
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Kalashnikov-bearing men slaughtered at least 26 elephants in the Dzanga Bai World Heritage Site in the Central African Republic on May 6 the WWF said, urging the country to protect the animals after President Francois Bozize was overthrown in March.
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African governments must do more to spread the spoils of a resources boom that threatens to generate jobless growth and widen inequality, according to the Africa Progress Panel, led by former United Nations Secretary-General Kofi Annan.
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Cameroon’s average national farmgate cocoa price fell 0.2% to 998 CFA francs/kg in wk to May 7 from 1,000 francs wk earlier, according to Bloomberg calculations from data provided by Cameroon National Association of Cocoa and Coffee Producers.
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Aliko Dangote, Africa’s wealthiest man, says he has negotiated loans of $4.25 billion from banks to build a refinery to help the continent’s largest crude oil producer reduce gasoline imports.
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Seven French hostages kidnapped in Cameroon two months ago have been released and are “in good health,” the Central African nation’s presidency said.
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Dangote Cement Plc, Africa’s biggest producer of the building material, said it plans to more than double annual total output to 55 million metric tons by 2015, more than the 51 million forecast last year.
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BowLeven Plc, a U.K. oil explorer in Cameroon, said it’s getting closer to selling a 50 percent stake in its Bomono permit.
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Regional leaders gathered for talks in the Chadian capital, N’Djamena, to discuss progress on a peace plan for the Central African Republic, where at least 119 people have died in violence after a coup last month.
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