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“Guinea’s prospects are brightening in 2024, with resilient global demand for mineral exports and upcoming projects set to drive economic diversification in sectors such as infrastructure, healthcare, agriculture and telecoms, among others,” says Marieme Niang Camara, Managing Director of Africa at Axendo.

Diving deeper into Guinea’s economic outlook, Axendo proudly presents the 2024 Guinea Insights report, created in partnership with Pangea-Risk, a specialist intelligence advisory that provides analysis and forecasts on political, security, and economic risk in Africa and the Middle East.

Axendo remains dedicated to creating a significant impact through its ongoing Corporate Social Responsibility initiatives aimed at supporting orphanages in Senegal and Kenya. We focus on sustainable development projects that empower communities and enhance the lives of orphaned children. This commitment continues to be a top priority for us.

Since 2018, Axendo has been actively involved in supporting the La Pouponnière Vivre Ensemble, an Orphanage in Mbour, Senegal. Recently, our team in Senegal led by Wendy Kinyeki visited the orphanage and delivered essential supplies, including several types of powdered milk, cooking oil, vegetables, canned foods, detergent powder, and other necessities. The Orphanage Manager, Mr. Gaye, and his team expressed deep gratitude for our continued support, and highlighted how the supplies will help to alleviate their food expenses for a significant period.
Axendo has already supported the orphanage in making renovations and upgrades since 2018 and is now exploring further contributions towards major renovations required by the orphanage.
Through steadfast partnerships and ongoing efforts, Axendo aims to foster a nurturing environment where children can flourish and achieve their full potential. These CSR initiatives underscore Axendo’s commitment to social responsibility and ethical business practices, illustrating how corporations can positively impact society and make enduring differences in the lives of those who are most in need.
If you have suggestions for community support initiatives, please contact us.

Axendo proudly presents the 2024 East & West Africa Reports in collaboration with PANGEA-RISK, a specialist intelligence advisory that provides analysis and forecasts on political, security, and economic risk in Africa and the Middle East. Continuing our partnership with PANGEA-RISK for the second consecutive year, our goal is to provide valuable insights into risk outlook, market development potential and economic growth capacity in thriving markets.

Côte d’Ivoire, West Africa’s most vibrant economy, benefits from increased international support, reforms and prospects in key industries, including mining and oil & gas.

“With the country’s ambitious investment plans and a focus on domestic processing, Axendo is poised to support the country’s development goals for economic progress,” explains Marieme Niang Camara, Managing Director for Africa, Axendo.

The full country report for Côte d’Ivoire, which includes a comprehensive economic and trade outlook for the country, can be downloaded here.

For Axendo, the reports underline our commitment to supporting in-country development through our diversified supply capabilities and credit solutions in key markets.

View all Africa Reports for 2023 & 2024 here.

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Axendo est fier de présenter le rapport Perspectives Côte d’Ivoire 2024, développé en partenariat avec PANGEA-RISK, un cabinet spécialisé en conseil en intelligence qui fournit des analyses et des prévisions sur les risques politiques, sécuritaires et économiques en Afrique et au Moyen-Orient.

La Côte d’Ivoire, considérée comme l’économie la plus dynamique d’Afrique de l’Ouest bénéficie d’un accroissement de soutien budgétaire international, de solides reformes et de meilleures perspectives dans des secteurs clés tels que l’exploitation minière, pétrolière et gazière.

“Avec les objectifs d’investissement ambitieux du pays et l’accent mis sur la transformation agricole, Axendo est prêt à soutenir les objectifs de développement économique du pays,” explique Marieme Niang Camara, Directrice Générale pour l’Afrique, Axendo.

Le rapport complet sur la Côte d’Ivoire, qui comprend une analyse économique et commerciale approfondie du pays, peut être téléchargé ici.

Pour Axendo, les rapports soulignent notre engagement à soutenir le développement sur place grâce à nos capacités diversifiées d’approvisionnement et à nos solutions de crédit dans les marchés clés.

Consultez tous les rapports sur l’Afrique pour 2023 et 2024 ici.

Axendo’s Managing Director for Africa, Marieme Niang Camara, joined a high-level Trade Mission to Côte d’Ivoire, organised by UK Export Finance and the Department for Business and Trade.

During the two-day mission, the delegation met with several government officials and ministers to discuss the country’s development plans. Notable meetings included those with the Minister of Foreign Affairs, Kacou Houadja Léon Adom, the Minister of Commerce and Industry, Souleymane Diarrassouba, the British Ambassador to Côte d’Ivoire, HE Catherine Brooker, Ambassador of Côte d’Ivoire to the UK, HE Sara Affoue Amani and Ben Ainsley, HM Deputy Trade Commissioner, Department for Business and Trade.

Côte d’Ivoire stands out as West Africa’s most vibrant economy, benefiting from increased international budgetary support, a strong track record of implementing reforms and improved prospects in mining and oil and gas industries.

At Axendo, our goal is to build connections and create opportunities that benefit the Côte d’Ivoire’s trade, commodity and infrastructure markets, and the African region as a whole.

“With Côte d’Ivoire’s ambitious investment plans and a focus on domestic processing, Axendo is poised to support the country’s development goals for economic progress. Leveraging expertise across our EPC + Financing turnkey solutions, trade credit, procurement, and commodities trading, we stand ready to contribute to the country’s journey towards prosperity,” explains Marieme Niang Camara.

Thanks to DMA Invest and Steven Gray for organising such a valuable event.

The comprehensive country report for Côte d’Ivoire, developed in cooperation with PangeaRisk, is now available for download on our website. This report provides invaluable insights into risk outlooks, market development potential, and economic growth capacity.

The global energy landscape continues to be a balancing act so it will be interesting to see what decisions are made during next week’s Organization of the Petroleum Exporting Countries (OPEC) meeting on June 2nd.

The Fed: Keeping Oil Prices Under Pressure?

Recent economic indicators suggest a shift in the trajectory of US interest rates. Initially, hopes for rate cuts in 2024 were prevalent. However, persistent inflation, also evident in the UK’s lower-than-expected decline, has cast doubt on this rate cut scenario. The Federal Reserve has expressed some reservations about the effectiveness of ongoing monetary tightening.

This has had ripple effects on oil prices. Traditionally, anticipation of rate cuts can prompt optimism in the crude market, potentially driving prices up. However, with the Fed leaning towards maintaining current rates, this support mechanism seems to be fading.

OPEC: A Rollover for Stability?

In parallel, the upcoming OPEC meeting is expected to maintain current production quotas for member countries. This decision, referred to as a “rollover”, reflects the current market situation. Despite Russia’s pledge to address overproduction in April, concerns remain about a well-supplied market with an estimated “cushion” of 6 million barrels per day (mbpd) above apparent demand.

While the Fed’s stance is undoubtedly influential, it’s important to recognise that oil price fluctuations are driven by more than just interest rates. The global market is clearly in oversupply of crude and refined products at the current time.

Thexia Energy & Resources: Navigating Market Dynamics

As a global energy trading and services company specialising in the trade of petroleum products including gas oil, gasoline, fuel oil, and base oil, Thexia Energy & Resources will be closely monitoring the OPEC meeting and its impact on global oil prices. Our experienced team is prepared to navigate the complexities of the current market, ensuring we continue to provide top-tier services and products to our clients.

In conclusion, the intersection of Fed policies and OPEC’s production decisions will play a crucial role in shaping the energy market in the coming months. With a keen eye on these developments, Thexia Energy & Resources remains committed to adapting and thriving in this dynamic environment.

Learn more about our Energy Trading operations.

At Axendo, we are dedicated to supporting Africa’s ambitions by supplying essential commodities and offering turnkey procurement services with customised trade credit solutions.

This week, Axendo’s Business Development Manager for East Africa, Simon Mwangi, participated in GTR East Africa in Nairobi.

Global Trade Review (GTR) brought together the region’s leading commodity producers, traders, manufacturers and trade finance specialists, providing an invaluable platform for discussions on the region’s trade, commodity and infrastructure financing markets.

With over 40 expert speakers covering critical market insights, including sovereign debt sustainability, FX market challenges and food security, delegates obtained unrivalled perspectives on the key issues affecting trade in East Africa. Simon Mwangi was given an opportunity to connect with industry leaders from a diverse range of companies, including Lawrence Asava, General Manager & Head of Financial Institutions, and Eric Nzomo, Trade Finance Sales Manager, from NCBA Group.

Leveraging our extensive sector knowledge, Axendo delivers specialised solutions across a range of integrated businesses in agricultural and energy commodities, sourcing and procurement of finished and semi-finished products, along with tailored trade credit solutions.

Contact us to discover how Axendo can help you achieve your business goals.

Axendo team, led by Richard Kovacs and Daniyar Abdimoldayev, welcomed the opportunity to participate in GTR KSA in Riyadh earlier this week.

With numerous market leaders in attendance, this year’s event provided invaluable insights into the Saudi Arabian trade, supply chain, commodity and infrastructure finance landscape.

Our team connected with industry leaders and potential partners, including Basheer Al-Yousha and Farhan Hussein Zaidi from The Saudi National Bank – SNB, and Adnan Sabir from BSF to discuss the latest market trends and collaboration opportunities.

Thank you to Global Trade Review (GTR) for organising such a successful event and providing a platform for networking and collaboration.

At Axendo, we leverage our extensive sector knowledge to deliver specialised services across various integrated businesses, including commodities, procurement, and tailored trade credit solutions.

Looking forward to continuing our engagement with the vibrant trade community in Saudi Arabia!

At Axendo, we value compassion and want to have a positive impact on the world around us. Our core values extend far beyond the boardroom as we strive to support and uplift communities while respecting the environment.

We believe it is our responsibility to make a difference and enrich the lives of people in our communities across the globe. We are ethically and environmentally considerate in our operations and uphold the highest partner standards. Our initiatives are growing year on year, reflecting our dedication to sponsoring worthy endeavours that offer us a chance to make a long-term commitment and a lasting difference.

Since 2018, Axendo has been proud to support the Mbour Orphanage in Senegal, and since 2019 – the Little Angels Centre in Nairobi, Kenya. These orphanages provide safe and caring homes to children who have been orphaned, abandoned, or placed in care due to abusive home environments.

Read more about these projects.

Our ongoing support has facilitated essential renovations, provided much-needed supplies, and funded educational opportunities for the children in these orphanages. Additionally, our offices collect clothes, toys and stationary items, which are then sent to the orphanages.

We firmly believe in the power of education to transform lives. Axendo has already covered the fees of 8 students in their final year of school, enabling them to pursue higher education and fulfil their dreams of attending university. Additionally, we are proud to support graduates as they transition into the workforce, empowering them to live independently and thrive in their communities.

Join us in making a difference!

Should you wish to suggest an initiative to support communities and enrich lives, please contact us.
Together, we can continue to create meaningful change and build a brighter future for all.

Honoured to have Axendo’s Bulut Bakla and Adesola Fadahunsi among the participants at GTR West Africa in Lagos, Nigeria last week.

The event gathered top experts in West African trade, supply chain, export, and infrastructure financing, shedding light on the effects of a turbulent business environment on business flows in the region. GTR West Africa offered valuable insights into opportunities for growth as the trade sector adapts to changing global economic conditions and geopolitical factors.

In addition to the broader discussions on regional trade, the various panel discussions made considerable emphasis on the economic outlook of the conference host Nigeria. The common themes on the local economy were the measures taken by the new CBN Governor, which helped improve Nigeria’s monetary policy outlook; the strengthening of the Naira and the near-eradication of the dual FX-rate environment; the policymakers’ expectations that the persistently high inflation would start easing from Q3 onwards; and other positive contributors to the current optimism such as the favourable oil price outlook and the coming online of the Dangote Refinery. The same themes reverberated in our delegation’s individual meetings with clients and bank-counterparties in Lagos.

Axendo remains committed to supporting Africa’s ambitions by providing essential commodities and tailored trade credit solutions. We look forward to contributing to West Africa’s ongoing development and facilitating trade and infrastructure across the region.

Discover how Axendo can help you achieve your business goals.

Axendo specialises in crafting solutions that provide additional credit and liquidity to our partners across the supply chain.

Operating through our network offices in Africa, Europe and the Middle East, Axendo possesses a team of international professionals with vast experience from leading trading, logistics and financial institutions across both developed and emerging markets.

Utilising our comprehensive sector knowledge, we offer specialised services across various integrated businesses, including agri and energy commodities, procurement and delivery of finished and semi-finished products. Integrating our commodities and procurement operations, our credit capabilities enable us to provide comprehensive financial solutions to our customers.

Axendo prides itself on delivering innovative credit structures that align with our customers’ cash conversion cycles.

We have extensive expertise in providing additional liquidity and financial structures that unlock potential for our global clients. Furthermore, many of our finished goods contracts qualify for support by Export Credit Agencies (ECA), allowing us to offer even longer-term credit options.

Contact Axendo today to explore partnership possibilities.