AGP Executive Report
Last update: 11 hours agoCocoa Market Watch: Cocoa prices eased as signs of adequate supplies weighed on the market, with Ivory Coast shipment and harvest data pointing to higher production and rising inventories. Energy & Investment: Panoro Energy completed its acquisition of DNO CI LLC, taking an indirect 9.09% interest in Côte d’Ivoire’s CI-27 gas block—adding gas output that feeds Abidjan’s electricity market. Trade & Logistics: Ghana’s importers are reportedly considering routing cargo via Abidjan due to congestion and delays at Ghana’s ports, a reminder of how quickly regional supply chains can shift. Business & Culture: Abidjan’s working-class streets are driving a fast-growing “biama” dance craze, with weekly crowds, paid spectatorship, and a budding creative economy around the movement. Cocoa Livelihoods: Fairtrade Africa renewed pressure on the sector to protect farmers’ incomes as global cocoa prices fall, citing living income reference prices for Côte d’Ivoire. Regional Security: Guinea and Côte d’Ivoire agreed to deepen cooperation on security, trade and political affairs, including stronger intelligence sharing and action against illegal gold mining.
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