Business

Cocoa prices broke $10,000 per ton for the first time in March, amid disease outbreaks and destructive weather patterns in West Africa. Cocoa futures were as high as $10,080 in New York at the close of the first quarter, having more than doubled this year – due to expectations of a shortage of cocoa beans, …

Cocoa prices hit records as West African yields decline Read More »

A visit to Ethiopia from the International Monetary Fund (IMF) ended without a deal last week, as Addis Ababa seeks a bailout to support the restructuring of billions of dollars’ worth of external debt. In December last year, Ethiopia failed to pay a $33m bond coupon and became Africa’s latest debt defaulters. Earlier in 2023, …

No Ethiopia deal as IMF visit ends Read More »