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Cocoa prices continue to drop sharply with London cocoa falling to a 4-week low due to recent favorable weather along West African coast. 

Favourable weather in West Africa drives cocoa prices lower

Data from the World Bank shows Ghana is the second top recipient of remittances in sub Saharan Africa in 2023 receiving 4.6 billion dollars. Meanwhile, Fitch expects Ghana’s economy to grow 4.3 percent this year. 

Can Ghana sustain remittance flows?

Oil prices are edging higher as supply disruption risks from rising Middle East tensions help to counter demand fears after a surprise build in U.S. stockpiles. 

Can oil sustain price rally?

IMF Mission Chief to Cote D’ Ivoire, Olaf Unteroberdoerster joins CNBC Africa for more on the arrangements and the economic prospects for the country.

IMF reviews to unlock $570mn for Côte d’Ivoire

Nigeria’s food inflation rose to 40.6 per cent in the month of May, but analysts say the Tuta Absoluta outbreak, seasonality, transportation expenses and heightened insecurity in sourcing regions are exacerbating the case for tomato prices. 

Understanding tomato pricing dynamics in Nigeria 

Ghana’s president Nana Akufo-Addo says the successful completion of the negotiations for restructuring of domestic, external bilateral and commercial bondholders debts will provide the needed financial relief to resume some stalled projects. 

Ghana’s stalled projects expected to resume after debt restructuring 

The government of Ghana has reached an agreement in principle with two bondholder groups to restructure $13 billion of international debt in a deal that would see bondholders forego about $4.7 billion of their claims. 

Ghana reaches agreement in principle with bondholder groups 

The industrial goods sector is still the best performer on the Nigerian bourse as the sector is up 72 per cent year-to-date. Investors remain upbeat despite a three percent decline this quarter. 

Investors remain upbeat on Nigeria’s industrial goods sector 

The Central Bank Governor of the Bahamas, John Rolle, says there’s the need for Africa and the Caribbean to align on policies and reforms to achieve the Afri-Caribbean trade integration. 

Rolle: Policies & reforms crucial to Afri-Caribbean integration

Aigboje Aig-Imokhuede, the Chairman of Access Holdings says Africa needs to own and control it's capital. 

Imoukhuede: African business must grow capital in a global way

The Chief Executive Officer of Oando, Wale Tinubu, believes expanding the African Continental Free Trade Area to the Caribbean, provides humongous opportunities for businesses in the continent to expand their operations.

Tinubu: African businesses can leverage Afri-Caribbean integration

Latest data by Nigeria’s National Bureau of Statistics, shows that food inflation in the country rose to 40.66 per cent on a year-on-year basis, a significant increase from the 24.82 per cent recorded in May 2023. 

CBWA