The global cocoa market may be headed for a second year of supply deficit after last season’s shortage tripled from an earlier estimate, amid a dimming production outlook, the International Cocoa Organization said.
As a pack of sports utility vehicles jostles in the parking lot of Ghana’s flagship KFC restaurant, Venkataraman Balakrishnan is putting in orders to make sure the Yum! Brands Inc.-owned fast-food chain won’t run out of chicken.
Above-average rain in some cocoa- growing areas of southwestern Ivory Coast, the world’s top producer, is benefiting this season’s crops, easing concern slow bean deliveries next year will deepen global shortages.
When Gbemiga Omotoso bought a Samsung tablet computer last year, he handed over his cash to a man in a van. There was nothing shady, though, about the transaction. It’s part of online retailer Jumia’s attempt to adapt to the unique challenges of selling in Nigeria.