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SENEGAL

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Rice Prices Reach 12-Year High Amid Export Restrictions

In a startling turn of events, the United Nations food agency’s rice price index surged by 2.8% in July, marking its highest level in almost 12 years. The sharp increase has been…

by Omolara Ibrahim
August 5, 2023
AGRICULTURE/BENIN/GUINEA/IVORY COAST/SENEGAL/TOGO/WAMARKETS

India’s Rice Export Halt Sparks Global Food Inflation Concerns

In a move that has sent shockwaves through the global food markets, India, the world’s largest rice exporter, has ordered a halt to its largest rice export category. The decision to ban…

by Omolara Ibrahim
July 24, 2023
SENEGAL/WACAREERS

African Development Bank Appoints Ousmane Fall to Lead Non-Sovereign Operations and Private Sector

The African Development Bank Group has made a significant move to bolster its private sector operations by appointing Ousmane Fall as the new Director of Non-Sovereign Operations and Private Sector. The Senegalese…

by Mabel Ofori
July 22, 2023
AFRICA/MANUFACTURING/NIGERIA/SENEGAL

Nestle Boosts Local Sourcing in Africa to Reduce Foreign Exchange Exposure

Food giant Nestle is taking significant steps to strengthen its sourcing of local raw materials in Nigeria and other African countries, aiming to mitigate foreign exchange exposure that has posed challenges to…

by Omolara Ibrahim
July 1, 2023
NIGERIA/SENEGAL/WAMARKETS/WATECH

Digital Currencies Sweep the Globe: 130 Countries Embrace CBDCs, Atlantic Council Study Reveals

According to a recent study conducted by the Atlantic Council, digital currencies have garnered significant attention worldwide, with 130 countries, representing 98% of the global economy, currently exploring the development of their…

by Adwoa Adu
June 29, 2023
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