Cocoa farmers in Ivory Coast, the world’s largest producer of the beans, will harvest the biggest crop in three years this season partly due to “good” rains during the dry period, according to Ecobank Transnational Inc.
Sierra Leone will target 12 power production and supply agreements through 2017, including one with Copperbelt Energy Corp., to boost generation capacity eightfold, Energy Minister Oluniyi Robbin-Coker said.
Forest tenure has shifted toward local communities and indigenous people over the past decade, led by Brazil, even as most of the world’s forests remain under government control, a coalition of advocacy groups said.
A boomtown is rising in the jungle- covered mountains of Sierra Leone. Bumbuna, estimated population 12,000, just got a new bank. A growing Sunday congregation spills out from underneath blue tarps that serve as a makeshift church. In hills where armed men once abducted children, school kids now get coloring books featuring a smiling bulldozer ridden by the cartoon character Bob the Builder. Outside of town, the mining company handing them out is loading bright yellow Caterpillar trucks as it unearths iron ore, giving Sierra Leone the fastest-growing economy in the world.
Dangote Group, controlled by Africa’s richest man Aliko Dangote, is considering the purchase of Nigerian oil fields as international companies plan to sell onshore assets in the continent’s top crude producer.
The Bank of Sierra Leone cut its benchmark interest rate to bolster growth in sub-Saharan Africa’s second-fastest growing economy as policy makers in Ghana and Nigeria battle to keep inflation pressures in check.