The Ivorian government is back in talks with the World Bank with a view to obtaining $300m in funding for industry regulator Conseil Café Cacao.
The business and political leaders of Ivory Coast and Ghana's cocoa sectors did not attend the partnership meeting between the world's chocolate producers in Brussels this week. Their aim was to put pressure on European decision-makers working on new supply standards.
The Ivory Coast-Ghana Cocoa Initiative (ICCIG), based in Accra since September 2021 and headed by the experienced Ivorian Alex Assanvo, is struggling to bring multinationals on board. It is also trying to persuade the two regulatory bodies to radically shift their priorities.
A business forum is being organised in Johannesburg to promote partnerships between South Africa and Ivory Coast during Ivory Coast President Alassane Ouattara's South African visit of 18 to 22 July to his counterpart Cyril Ramaphosa.
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.
The EU ambassador in Ivory Coast has questioned in a official letter the legality of a new measure which forces cocoa multinationals to reserve 20% of their contracts for Ivorian partners - an intervention that has greatly irked the Ivorian authorities.
Werner Hoyer, President of the European Investment Bank, is expected in Nairobi as part of the creation of the European institution's first regional hub on the continent. The Bank is implementing a new strategy to increase its presence in Africa.
The Ivorian presidency is keen to spread the country's wings as a cocoa trader in its own right. But China has been quick to clip them.
The first buying period for the 2020-21 cocoa season ended on 31 March and initial results show a major rebalancing between the main buyers. Agri-business behemoth Olam lost the pole position it had held among buyers of Ivorian beans since 2016 to US firm Cargill West Africa.
FCC, the all-powerful cocoa regulatory body, is due in the next month to rule on a dispute between one of its active committee members, the trader and founder of the RockWinds trading company Matthew Stolz, and the Ivorian firm Africa Commodities.
As it struggles to make cocoa traders pay the premium introduced last year in conjunction with Ghana, Ivory Coast is preparing to take its own steps in trading by opening a marketing office in China.
The head of the powerful coffee and cacao board Yves Brahima Koné has blocked over 1,200 cargos handled by Cargill, Olam and Barry Callebaut as a squabble over this season's cocoa price drags on.
Côte d'Ivoire Métrologie, the company of former minister Youssouf Soumahoro which has a monopoly on weights and measures throughout the country, has outraged farmers and the business community by sending its prices through the roof.
In his efforts to secure his re-election, the Ivorian president, who is due in Yamoussoukro next month, hopes to win over the Akan people, who are traditionally more inclined to vote for his rival Henri Konan Bédié, by subsidising the price of cocoa beans, the main crop in Akan counties.