Browsing: palm oil

Agriculture driving Côte d’Ivoire’s economy

Côte d’Ivoire’s economy remains on a favourable trajectory. The economy needs bolstering to expedite the structural change of its economy as envisioned by the new 2030 plan. To achieve this, the nation needs to raise its investments in new sectors with considerable potential for wealth generation and improvement in quality of life. These sectors would enable the inclusion and realisation of benefits for women and the most disadvantaged populations in society, especially those residing in the most isolated rural areas.…

Dangote also plans to launch an oil refinery that would produce 650,000 barrels per day. Currently, the Dangote Group is the second-largest employer in Nigeria after the federal government, and a new plant is a tremendous opportunity to replace Russian fertilizer imports with African jobs that create warehousing, transport, and logistics infrastructure that help to reduce poverty.

Global wheat, sunflower, and oil crude prices have soared to unprecedented levels. Africa is heavily reliant on food imports from both countries, and the Continent is already experiencing price shocks and disruptions in the supply chain of these commodities.

Over the past decade, the Continent has seen growing demand for cereal crops, including wheat and sunflower, which has been mainly supported by imports than local production. Africa's wheat imports increased by 68 per cent between 2007 to 2019, surging to 47 million tonnes.…

Subscribe to unlock this article

Login to read this article

As part of your positive reinforcement regimen, you have probably bought junior that tasty chocolate biscuit that he loves so much or the packaged ice cream that has him agreeing to anything you say. Did you know almost all snacks are made using the most popular vegetable oil in the World, Palm Oil?

Palm oil is used in the preparation of most processed foods from biscuits to chips to instant noodles. It is also used in the manufacturing of soap and cosmetics, and with the exponential increase in population, global demand for these products has equally put pressure on the demand for palm oil.

While palm oil is indigenous to West Africa, now the continent is losing almost 7.5 million acres of land to palm oil companies. Communities are been displaced and forests are been destroyed to make room for the coveted palm tree.

“In the past decade, West Africa …