AGP Executive Report
Last update: 6 hours agoRice Competitiveness: Officials from 28 countries met in Abidjan to improve African rice research, processing and sales. Côte d’Ivoire produces about 47% of the rice it needs, leaving the country heavily reliant on imports. Food Investment: Olam Agri plans to invest $400 million in African processing by 2028, including new animal-feed mills in Côte d’Ivoire, Nigeria and Cameroon. Mining: Montage Gold says its Koné plant processed about 880,000 tonnes of ore in October, operating above 90% of capacity and reaching 104% in the final week. The company is targeting commercial production in the fourth quarter. Cotton Support: The government will spend CFA29.3 billion to support the 2026–27 cotton season, keeping first-choice seed prices at CFA310 per kilogram and second-choice at CFA285. Financial Sector: Côte d’Ivoire’s removal from the FATF grey list may ease compliance concerns for banks and businesses. Insurance: African insurers will meet in Abidjan next week to discuss rising claims, risk management and profitability.
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