Major chocolate traders in Ivory Coast are failing to pay a $400-per-tonne premium on beans aimed at curbing farmer poverty, the country’s cocoa regulator said in a draft letter seen by Reuters on Friday. The Coffee and Cocoa Council (CCC) said companies including Mondelēz International Inc(MDLZ.O) were offsetting the Living Income Differential (LID) by offering a negative country differential – normally a premium of 70 to 150 pounds ($99-$212) per tonne to reflect the quality of Ivory Coast’s beans. Mondelēz said it was paying the full LID. “(Mondelēz) does not offer or have any influence over negative country differentials,” the company said in a statement to Reuters. Buyers have been pressing for the country differential to be turned into a country discount, so farmers receive the extra...
The South African billionaire and president of the Confederation of African Football (CAF), Patrice Motsepe, on Tuesday in Abidjan announced that he will personally finance the pan-African inter-school football championship, which will be launched “between 2022 and 2023”, in collaboration with FIFA. The donation will amount to US$ 10 million and will come from the foundation that bears his name. On a visit to Côte d’Ivoire, the CAF president recalled that the future competition will concern boys and girls aged between 12 to 14 years and will take place “first at national level via national associations, then at zonal level with the organization of six regional tournaments which will serve as qualifying rounds for the final tournament”, according to CAF’s governing body. Initially, pilot na...
Liberian President George Weah on Friday inaugurated a new national carrier for the West African country, named Lone Star Air, about 30 years after the country’s previous airline went bust. Speaking at a ceremony at Liberia’s international airport, near the capital Monrovia, Weah said the new airline would “connect our country to our region and to the world”. “It is my dream, my hope and my ambition that we will very soon see Lone Star Air, the wings of Liberia, flying our flag in international skies, shining so brightly,” said the footballer-turned-president. Liberia’s flag bears resemblance to the flag of the United States but features one star instead of 50. The country was founded in the 19th century with US support as a home for freed American slaves, whose descendants have a long his...
Ivory Coast has banned all outdoor protests until 15 September, according to a statement Thursday issued after deadly clashes ahead of presidential elections in October. The cabinet late Wednesday “decided to suspend protests in public areas, authorising them only in enclosed spaces… until 15 September,” the government said in a statement. The measure “draws the consequences of the impact, in human and property terms, from previous demonstrations and the risk that pockets of inter-community conflicts could open up,” it said. On 13 August, angry protests erupted in the economic hub Abidjan, and demonstrations in the central town of Daoukro turned to bloody ethnic clashes, after President Alassane Ouattara announced he would bid for a third term. Critics of Ouattara say the 78-year-old is on...