AGP Executive Report
Last update: 12 hours agoEnergy & Oil & Gas (Côte d’Ivoire): Eni and partners Petroci and Vitol have approved the final investment decision for Baleine Phase 3 offshore Côte d’Ivoire, lifting oil output from 60,000 to 150,000 bpd and gas from 80 to 200 MMcfd, with all gas earmarked for the domestic market to back electricity generation and industrial development; the project adds a new FPSO and is positioned as a lower-impact, fast-track expansion. Mining (Côte d’Ivoire): Kobo Resources reported fresh high-grade gold intersections at its Kossou project (including 7.0m at 5.67 g/t Au and 2.0m at 75.29 g/t Au at Jagger/Road Cut zones), reinforcing continuity of mineralisation as drilling expands the resource footprint. Cocoa & Agriculture (Côte d’Ivoire): Reuters reports improving rainfall across key cocoa regions offers cautious mid-crop relief, but farmers face a major shock after the government cut the fixed farmgate price by 57% to 1,200 CFA francs/kg for the mid-crop. Development Finance (Africa/AfDB): At its Brazzaville meetings, the AfDB pushed the theme of mobilising development financing at scale, citing a $400bn annual gap and warning that higher food, fuel and fertilizer costs from the Iran war could still bite if it drags on. Food Supply Chains (West Africa): A report on livestock markets links soaring costs to conflict, export bans and climate shocks, squeezing traders and pushing Eid demand into a higher-price, lower-volume reality. Telecom (Côte d’Ivoire): Orange Côte d’Ivoire held direct customer talks with regulators and consumer groups to address rising complaints and rebuild trust. Logistics (Ghana): Ghana’s Shippers Authority capped container administrative charges, a move welcomed by shippers as port-cost relief.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.