CFA Francs

Ivory Coast Power Utility Plans Exports as Profit Grows

Ivory Coast’s electricity monopoly, which has a stock that’s soared 95 percent in the past year, will increase exports as rising domestic demand boosts profit amid an economic recovery in the world’s biggest cocoa producer.

Ivory Coast Cocoa Farmers Say Beans Are Too Small to Be Sold

Farmers in Ivory Coast, the world’s biggest cocoa producer, say they can’t sell supplies from the country’s mid-crop harvest because dry weather left beans too small to meet minimum requirements.

Cameroon Average Cocoa Farmgate Price Drops 0.2% in Wk to May 7

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.

Ivory Coast Sets Minimum Investment Level for Prospect Licenses

Mining companies seeking an exploration license in Ivory Coast are required to have a minimum investment budget of 600 million CFA francs ($1.2 million), according to a document from the Ministry of Mines, Oil and Energy.

Ivory Coast to Guarantee Cashew Floor Price, Boost Processing

Ivory Coast, the biggest producer of cashew nuts in Africa, will guarantee farmers get a minimum price for their produce as the country seeks to increase their earnings and expand domestic processing of the crop.

Ivorian Cocoa Farmgate Price Seen Falling as Bear Market Nears

Cocoa farmers in Ivory Coast, the world’s largest producer, may get less for their beans when the next harvest starts in April as futures on NYSE Liffe in London are approaching a bear market, a Bloomberg survey showed.

Senegal Jails Ex-President’s Son on Corruption Charges

Karim Wade, the son of former Senegalese president Abdoulaye Wade, was charged with illegal enrichment and is awaiting trial at a prison in the capital, Dakar, the Justice Ministry said.

Ivory Coast Lowers Minimum Cocoa Price for Mid-Crop Harvest

Ivory Coast, the world’s biggest cocoa producer, lowered by 3.6 percent the minimum guaranteed price farmers will be paid for beans to 700 CFA francs ($1.36) a kilogram (2.2 pounds) for the mid-crop harvest.

Cameroon’s Fiscal Revenue Rose an Annual 10.4% in Third Quarter

Cameroon’s fiscal revenue increased 10.4 percent in the third quarter from a year earlier, the Ministry of Finance said.

Ivory Coast’s Women Reject Equality in Household Debate

Eugenie Kramoh says she’s angry at Ivory Coast’s government for passing a law last year that improved her legal and financial status and made the country eligible for more donor funds.

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