Togo 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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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.
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Ecobank Transnational Inc. may shelve plans to buy a stake this year in South Africa’s Nedbank Group Ltd. to focus on its business in 33 other African countries, said Chief Executive Officer Thierry Tanoh.
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Togo drew 1-1 with Tunisia to qualify for the quarterfinals of soccer’s Africa Cup of Nations for the first time.
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The International Monetary Fund urged Ghana, the second-biggest economy in West Africa, to curb interest rates and get its wage bill under control after it jumped 47 percent between 2011 and 2012.
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Tear gas used to break up demonstration in front of presidency in capital, Lome, says Augustin Amega, member of journalists’ group involved in protest. * 2 people injured: Amega * NOTE: Lawmakers passed bill last mth giving media regulator power to punish journalists that was previously held by judges
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Togo is hoping to attract mining companies after it entered into a program that boosts transparency in the industry, said Energy and Mines Minister Noupokou Dammipi.
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Togo expects tourism revenue to increase 56 percent this year as political stability attracts more foreign visitors to the West African nation, Tourism Minister Batienne Kpabre-Silly said.
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Togo , one of the world’s poorest countries, has become eligible for as much as $1.8 billion in debt relief, or 82 percent of total external money owed, after completing a World Bank and International Monetary Fund economic- and governance-reform program.
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Ecobank Transnational Inc., the lender that operates in more African countries than any other, said full-year profit rose 39 percent, boosted by acquisitions in Nigeria and Ghana.
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