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...
Edo State Deputy Governor, Rt. Hon. Comrade Philip Shaibu has urged a former Governor of the state, Comrade Adams Oshiomhole, not to subvert the will of the people and to jettison the plan to overturn the victory of Governor Godwin Obaseki at the September 2020 governorship election through the Judiciary. Shaibu during an empowerment programme for Afemai Youths in Ogbona and Jattu respectively at the weekend reaffirmed confidence in the judiciary and President Muhammadu Buhari to protect the nation’s democracy and the collective will of Edo people. The Deputy Governor said that Oshiomhole was instrumental to the Supreme Court victory of Governor Hope Uzodimma of Imo State and alleged he is ready to do the same to upturn the popular victory of Obaseki in Edo State. He said, “The Nigeria Jud...
The U.S Secretary of State, Mike Pompeo, perhaps, shocked Americans and the world on Tuesday, when he predicted that President Donald Trump “would win a second term in office” despite the victory of his opponent, Joe Biden, at the recently held presidential polls. The New York Post reported that Mr Pompeo, during a briefing at the State Department’s headquarters, Pompeo was asked by a reporter whether government officials were “preparing to engage” with Mr Biden’s transition team. “There will be a smooth transition to a second Trump administration,” Mr Pompeo said with a smile. “The world should have every confidence that the transition necessary to make sure that the State Department is functional today, successful today and successful with the president who’s in office on Jan. 20 a minut...