Cocoa Business News

Bourse Africa to Set Up African Commodities Exchange

Bourse AfricaBourse Africa, a unit of Financial Technologies, plans to set up an electronic exchange to trade African commodities futures by the second half of next year, Director of Strategy Adam Gross said.

The Gaborone-based company is in talks with regulators in Botswana, Kenya, Tanzania, Uganda, Nigeria, Ghana, Ivory Coast, South Africa and Zambia for approval to incorporate them into an Africa-wide trading forum, Gross said today in an interview in the Kenyan capital, Nairobi. Read the rest of this entry »

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VIDEO: Doing Business In Africa – Ghana – Part 2 – Oil, Agriculture, and Gold

VIDEO: Doing Business in Africa – Ghana – Part 1 – Pending Oil Wealth | Watch more videos on Ghana

Ghana Cocoa Board | Databank

Source(s): CNBC Africa

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Ghana’s President Appeals for Homegrown Growth

Accra, Ghana

Accra, Ghana

Africa must ditch its overreliance on commodity exports and develop a “homegrown” model of economic growth centered on regional commerce and domestic demand, Ghana’s president John Atta Mills has urged.

John Atta Mills said that the continent must seize the “opportunity” thrown up by the global economic crisis to adopt a new development formula that centers on the regional private sector, as a catastrophic collapse in exports torpedoes the region’s growth prospects.

“This is the time for us to test our ingenuity and look inwards,” John Atta Mills said. “We need to look at the global economic downturn as an opportunity to find ways to be self-sufficient.” Read the rest of this entry »

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