AGP Executive Report
Last update: 5 hours agoCocoa Supply Shock: Ivory Coast’s 2026/27 main cocoa crop is forecast to drop by more than 10% to about 1.35–1.45 million tonnes as excessive rainfall, disease pressure and weak crop treatment hit yields, with late-June surveys showing over 20% of flowers and young pods lost. Cocoa Market Reform: Ivory Coast and Ghana are pushing cooperation to stabilize the sector and improve farmer pay after sharp price swings; a wider cocoa alliance is also set to expand to Nigeria and Cameroon under an Abuja Declaration. Energy & Industry Contracts: TechnipFMC won a subsea contract for Eni’s Baleine Phase 3 offshore Ivory Coast, supporting higher domestic gas supply; Equinor and Eni also led major regional deal flow. Digital Infrastructure: CSquared added capacity on the 2Africa West cable to reduce landing-hub concentration risk across West and Central Africa. Industrial Policy Push: At Abidjan’s African Economic Conference, AfDB, UNDP and OECD urged turning resilience into trade, value addition and stronger public policy—while a new African chief economists network aims to speed coordinated economic action in CEMAC. Critical Minerals Strategy: UN ECA flagged Africa’s low value capture from critical minerals and called for regional industrialization to benefit from the energy transition.
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