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Podcast: Good Morning Africa
Episode: Cocoa futures hit a 46 year high.
Description: 🎙OPEC+ meeting postponed to November 30 over output quota dispute with African producers Nigeria and Angola.🎙Cocoa futures hit $4,300/tonne, last seen in 1977, up 65% in 2023, fueled by supply worries from Ivory Coast and Ghana.🎙Mozambique's annual economic growth accelerated to 5.92% from 4.67% in the previous three-month period.🎙Kenya weighs using forex reserves to repay $2 billion Eurobond; concerns arise as reserves dip below $1.03 trillion statutory requirement.🎙World Economic Forum's 2023 report: $13.5 trillion needed by 2050 for sustainable transition in key industries; collaborative innovation crucial.