Commodity traders

Africa
Fresh start for Trafigura's former oil trading director for Africa

New energy trading firm Kaskara Commodities is currently shopping for investors with the aim of going public in the coming weeks.

Ghana, Ivory Coast
International Finance Corporation mulls major loan to Swiss cocoa trader Ecom

The sum in question is $230m.

Morocco
Rusgrain Union aims to cultivate Moroccan grain importers during Casablanca visit

Representatives of the Russian Union of Grain Exporters and Producers expressed their determination to see the Moroccan market's last barrier to entry lifted.

Ivory Coast
Ouattara abolishes tax exemptions for multinational cocoa manufacturers operating locally

Multinationals that own cocoa bean processing plants in Ivory Coast will no longer benefit from a tax exemption on the droit unique de sortie (DUS, single exit tax), the main state tax on exports.

Nigeria
Cocoa industry relieved at delay in EU anti-deforestation regulation

The Nigerian cocoa market, which is made up of small-scale producers and is largely deregulated, fears the impact of the European legislation on its exports. The industry is trying to rally support for its cause.

Ivory Coast
Sidi Mohamed Kagnassi well placed to buy Ivoire Coton

He is set to acquire one of the flagships of Industrial Promotion Services West Africa.

The New Guard
Algeria, Kenya, Cameroon

Every Wednesday, Africa Intelligence spotlights a new generation of movers and shakers in business and politics.

AlgeriaHamed Oussama Salhi, spokesman for national grains interests

KenyaBrian Wesaala, football's steadfast champion

CameroonYann Gwet, connecting youth across Africa

Morocco
Russian delegation to visit Casablanca to promote cereals sales

A delegation of Russian cereals exporters, led by Rusgrain Union chairman Eduard Zernin, is due in Casablanca on 29 November to meet Moroccan importers.

Egypt
More than 300,000 tonnes of Russian wheat being shipped to Egyptian ports

Five ships loaded with Russian soft wheat are due to leave Russian ports on 18 November bound for Egypt. Each of these Panamax bulk carriers can carry between 60,000 and 80,000 tonnes of the grain.

South Africa
No rush to set up proposed BRICS grain exchange, urges South Africa

The bloc's nine members should work to establish mutual and preferential access to each others' agricultural markets before putting in place the common platform sought by Moscow, according to South Africa's trade minister.

Ivory Coast
Billionaire Jean-Claude Mimran quietly exits cashew sector

Cashew Industries West Africa is quietly closing its doors. Its billionnaire owner decided to stop investing in the entity earlier in the year.

Tunisia
Tunis buys barley in bulk

Three companies are sharing a $29.3m contract.