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

Import and export trade common in Africa. Photo by Kurt Cotoaga @ Unsplash
Namibia posts $11.7mn trade surplus as uranium and gold exports surge
Read More »
Public telephone centre. Photo by E. Diop @ Unsplash
Ethiopia eyes global outsourcing market with new $25.6mn BPO push
Read More »
Addis, Ababa, Ethiopia. © Unsplash
Ethiopia targets $2.4bn deals to signal frontier market reform push
Read More »

Recent Politics

Edwin Sifuna, Kenya's ODM secretary-general. Photo: Edwin W Sifuna/Facebook
Is Edwin Sifuna Kenya’s new Raila Odinga?
Read More »
A cheerful Kenyan citizen at a public celebration. Photo: @ William Ruto/Facebook
Why is Kenya on full campaign mode one year to 2027 elections?
Read More »
Port Harcourt, Nigeria. Photo by Emmanuel Ikwuegbu @ Unsplash
Why are Nigerians protesting electoral reforms ahead of 2027 polls?
Read More »

Latest Posts

Latest news insights