The heads of Ghana Cocobod and Ivory Coast's Conseil Café Cacao were in Accra last week to refine their joint strategy in the face of the industry's trading giants and industrialists, who are considering diversifying their supplies elsewhere.
Faced with a tense food situation and the lukewarm success of their agricultural projects in Africa, Saudi Arabia, the UAE and Qatar have fallen back on commodities traders such as Louis Dreyfus and Olam. They are also using the traders' Dubai-based teams to help Egypt and other friendly nations struggling.
The trading company Al Ghurair Resources, the second largest importer of wheat to Algeria and a frequent bidder for contracts in Egypt and Sudan, is banking on cereals from the Americas to replace supplies from Ukraine, where it had a subsidiary.
After loudly making bitcoin legal tender in CAR, the country's president is expected in Dubai at the end of the week to oversee the launch of a cryptocurrency mining company. The aim is to ensure that civil servants can be paid in July, at a time when state coffers are empty.
Until now, all firms selling petroleum products in West and Central Africa were partly supplied by Russia. But since the US slapped sanctions on Russian fuels, these companies are urgently having to review their supply schedules.