Carbonatix Pre-Player Loader

Audio By Carbonatix

Ivory Coast's disputed President Laurent Gbagbo has ordered the government to take control of all cocoa purchases and exports. A decree read out on state TV said the purchase from producers "will be undertaken exclusively by the state". Alassane Ouattara, internationally recognised as president, earlier called for a temporary ban on exports to try to force Mr Gbagbo from power. Ivory Coast is the world's biggest cocoa producer. The country's industry accounts for 40% of global supplies and is currently dominated by multinational companies. The price of cocoa has been trading at its highest levels for a year, as supplies have been strangled by recent sanctions and the near collapse of the banking system. The UN-backed electoral commission says Mr Ouattara won presidential elections in November, but the Constitutional Council overruled it, citing rigging in the north. 'Homes set alight' The European Union, US and West African states have adopted various financial sanctions against Mr Gbagbo and his closest allies after the incumbent leader failed to step down after the polls. Exporters have stopped registering new beans for export as a result of the sanctions, as well as due to a ban called for by Mr Ouattara and extended last month until 15 March. According to industry regulatory data cited by Reuters, almost 500,000 tonnes of cocoa beans, more than a third of the country's annual output, is sitting at Ivorian ports. Cluff Gold Plc, a British mining firm, said on Monday it had suspended operations at its Angovia mine due to shortages of fuel and other materials, and would not reopen it until stability returns. Meanwhile, fresh fighting flared again in the capital, Abidjan, with at least three people killed in a pro-Gbagbo enclave in Abobo, and houses set alight, early on Monday. "Among the victims were people with their throats cut," one inhabitant said. In recent days, youths and security forces in the country have meanwhlie been ransacking the Abidjan homes of "ministers" named by Mr Ouattara. The United Nations says at least 365 have been killed in the crisis since November's vote, although some believe the figure could be much higher. Around 300,000 Ivorians have fled their homes to shelter elsewhere in the country, while 72,000 have taken refugee across the border in Liberia, the UN refugee agency estimates. Aid agency Oxfam says people fleeing the violence are in need of clean water, food and shelter and warned the crisis risks becoming another "forgotten emergency". The long-delayed elections had been supposed to reunify the country - once the richest in West Africa - which has been divided since a 2002 civil war. Source: BBC

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:  
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.