Ressources Magazine. African commodity economics news

THE ECONOMIC MAGAZINE OF NATURAL RESOURCES IN AFRICA

LATEST ARTICLES

Renaissance Dam: the dialogue of the last chance?

In the battle over the Nile between Egypt, Sudan and Ethiopia, this may be the last chance for diplomacy and conciliation. The Congolese presidency announced on March 30 that Felix Tshisekedi will soon host a round of negotiations between Cairo, Khartoum and Addis Ababa over the Ethiopian Renaissance Dam.

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Banana: Côte d’Ivoire confirms its status as African leader

The Ivorian banana industry remains on a positive note despite the crisis, retaining its position as the leading African producer.

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Côte d’Ivoire: a cocoa industry at a crossroads

Engaged in a battle to impose more favorable compensation on local cocoa producers, Ivorian authorities must learn from their past failures, believes our columnist Micée Dare.

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Agriculture: South Africa posts record exports

Despite a sluggish global economy linked to the coronavirus pandemic, South Africa’s agricultural exports reached a record level in 2020.

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Gold should remain strong in 2021, according to the World Gold Council

Marked by uncertainty due to the Covid-19 pandemic, the year 2021 should confirm the yellow metal’s status as a safe haven, according to the World Gold Council (WGC).

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TCX, the fund that shields emerging countries against currency risk

Badly hit by the economic crisis caused by the Covid-19 pandemic, several African countries have seen their currencies depreciate over the past year. This unfavorable situation is a reminder, if need be, that the continent’s currencies are often vulnerable to external shocks. However, there are solutions, such as the exchange rate hedges offered by the Dutch development fund TCX, a financial vehicle designed to combat currency volatility in emerging countries. For Ressources, Isabelle Lessedjina, Senior Vice President at TCX, explains the concept of the fund as well as its ambitions for Africa.

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Joanne Lebert, Executive Director of Impact: « Mining smuggling is more omnipresent than ever in the DRC ». »

Driven by a high price, African gold has never been in greater demand. A favorable situation that nevertheless contributes to reinforcing the illicit trade, denounces the Canadian NGO Impact, active on issues related to the governance of natural resources.

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Growth: the 5 sub-Saharan African countries that will suffer the most in 2020

While the IMF estimates a 3 percent drop in the region’s GDP in 2020, not all countries will be equally affected. Commodity exporting countries are among those most affected. A review of the 5 African economies that will lose the most this year.

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What Africa can learn from Asia

Once again, in the wake of the coronavirus crisis, African commodity-producing nations are being hit hard by the (declining) volatility of global prices. However, there is no inevitability, as the example of East Asian nations proves.

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Peanut: IFTC confirms its support to the Senegalese oil company Sonacos

A traditional partner of the Senegalese peanut industry, ITFC, a subsidiary of the Islamic Development Bank specialized in trade finance, approved on November 17 the awarding of a new grant to Sonacos (Senegal’s national oilseed marketing company).

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Rwandan green fund gets new management

Launched in 2012 to support the Rwandan authorities’ ambition to make the country of the Thousand Hills a low-carbon and climate-resilient economy by 2050, the Rwanda Green Fund will change its mind. Following the last meeting of the presidential cabinet, held on Wednesday, July 15, Teddy Mugabo was appointed chief executive officer of the institution, better known as FONERWA in Rwanda. Until now head of business development of FONERWA, the new leader will have the task of continuing the efforts made by the previous management to succeed in the challenge of climate transition. This includes providing financial resources for all kinds of initiatives considered « eco-friendly »: community rooftop rainwater harvesting systems, waste management, affordable zero-carbon housing, a 500-kW hydroelectric power plant along the Gaseke River, etc.

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