In its bid to grow the country’s non-oil exports, the Bureau of Public Enterprises on Thursday selected three successful consortia as prospective advisers for transactions on the Nigeria Commodity Exchange. Read more
The failure of Nigeria to process its cashew nuts before export is responsible for the loss of $1.4 billion which the country could have earned if cashew nuts were processed. Read More
The Democratic Republic of Congo’s state-owned Gecamines received at least $33 million to proceed with the $3.8 billion sale of one of the country’s biggest copper mines to Chinese buyers after blocking a deal for eight months. Read More
The World Bank is forecasting strong gains for industrial commodities such as energy and metals this year due to tightening supply and strengthening demand. Read More
Tunisia will start a roadshow for a Eurobond worth one billion euros on Feb. 5 with pricing set for Feb. 14 at 5-6 percent, a government source told Reuters on Thursday. Read More
At least four major sectors of the Nigerian economy are expected to benefit from multi-million dollars’ worth of investments from Japanese firms. According to the Executive Director and Chief Executive Officer, Nigerian Export Promotion Council, Segun Awolowo. Read More
The African Development Bank’s agenda for transforming Africa’s agriculture was lauded at the 5th KOAFEC Ministerial Conference held in Seoul, South Korea’s capital.The Bank recognises the potential of Africa to become a global powerhouse in food and agribusiness, lifting millions out of poverty. For this
Korea’s exports to Africa represented just 1.5% of its total exports in 2015, while Africa’s exports to Korea accounted for only 1.2% of total imports. “A lot more can be done,” Akinwumi Adesina, President of the African Development Bank, told the gathering of business and
Gold futures on Monday suffered their largest one-day percentage loss in about five weeks, as haven assets took a hit in the wake of news that the Federal Bureau of Investigation said it won’t bring charges against Hillary Clinton over a batch of newly discovered
An election win by Republican presidential candidate Donald Trump would fuel uncertainty in financial markets, but for commodities, the clear winner would be gold, according to Capital Economics… http://www.marketwatch.com/story/why-gold-will-be-the-only-clear-winner-among-commodities-if-trump-wins-2016-11-02