Entire crop, some 250,000 tonnes, sold to Chinese company which has plans to revolutionise country’s cashew industry.
Lusofonia
Stronger economy and government’s prudent policies allow western African republic to regain its financial footing; kwanza gains 21% against US dollar.
China looks for alternative sources of supply due to war in Ukraine and tensions with the US.
State oil company Petrobras maintains its leadership ahead of France’s Total, Norway’s Equinor and Anglo-Dutch conglomerate Shell.
Brazil expected to grow by 2.8%, while Portugal should experience 6.2% increase, however outlook gloomy for smaller PSCs.
This year’s crop, which represents 90% of country’s exports, expected to be a record-breaking 240,000 tonnes.
Both companies reported to be ‘technically insolvent’; improving control of public debt part of commitment made to IMF for US$470 million financial assistance programme.
Biagio produces 7,000 tonnes of chocolate mousse, cakes, gelatin, milk creams, puddings and other confectionery annually.
Satellite to cover Africa and significant parts of Europe; all eyes on launch after US$280 million Angosat-1 lost in space in 2017.