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.
Zimbabwe’s stock exchange, whose main industrial index has jumped 38 percent this year, plans to sell shares through an initial public offering by the end of 2013, according to the country’s Securities Exchange Commission.
Purchases totaled 679,000t from Oct. 1 through May 9, according to KnowledgeCharts, a unit of Commodities Risk Analysis in Bethlehem, Pennsylvania. * That compares with 754,000t a yr earlier * NOTE: Purchases by industry regulator Ghana Cocoa Board are an indication of output in the country, the world’s 2nd-biggest producer after Ivory Coast
Ghana’s cedi, West Africa’s worst performer against the dollar this year, may halt its decline in the second half of the year as the country gets more foreign currency to shore it up, central bank Governor Kofi Wampah said.