Search

Nigeria’s 2024-2025 Cocoa Harvest Opens Amid Low Demand and High Interest Rates

  • Farmers struggle with inventory build-up as buyers face credit squeeze
  • Main-crop yields may be affected by inadequate rainfall

 Abuja, Nigeria – Nigeria’s 2024-2025 main-crop cocoa harvest has begun with farmers accumulating stockpiles amid low demand, as buyers grapple with a credit squeeze caused by high bank interest rates.

Recent Business

Ahmed Shide, Ethiopia's Minister of Finance and Mme Eléonore Caroit, the French Minister for Europe and Foreign Affairs. Photo @ Ministry of Finance-Ethiopia.
Ethiopia seals landmark debt restructuring and €81.5mn French support
Read More »
Gold bars. Photo by Zlaťáky @ Unsplash
Africa’s collateral economy: How gold, cocoa and copper are reshaping frontier bonds
Read More »
Street market in Kaduna, Nigeria. Photo @Pexels
WAEMU sovereign borrowing shifts to longer-term bonds as issuance doubles
Read More »

Recent Politics

Burundi’s President Évariste Ndayishimiye. Photo: Présidence - République du Burundi/Facebook
African Union elects Burundi’s Ndayishimiye as 2026 chair
Read More »
Herdsmen in Ethiopia. Photo by Hanna Grace @ Unsplash
Ethiopia accuses Eritrea of territorial occupation, demands troop withdrawal
Read More »
Kenya youth protest @ Unsplash
Kenya church attack on ex–deputy president exposes security rifts
Read More »

Latest Posts

Latest news insights