AGP Executive Report
Last update: 2 hours agoCocoa Market Watch (Abidjan): The International Cocoa Organization (ICCO) cut its 2024/25 global cocoa surplus estimate to 48,000 tonnes from 75,000, citing updated data released from Abidjan on May 28; production rose to 4.723m tonnes while grindings slipped to 4.628m, leaving stocks-to-grindings at 28.5%. Cocoa Prices: Prices fell sharply on abundant supplies, with ICE inventories rising to a 1.75-year high of 2,846,957 bags, as Ivory Coast delivery estimates for 2025/26 were revised upward. Digital Identity & Privacy (ID4Africa, Abidjan): At ID4Africa’s AGM in Abidjan, leaders including Dr. Joseph Atick pushed for sustainable digital identity ecosystems and warned against one-off funding cycles. Age Verification Under Fire: Yoti challenged academic claims about its age assurance data handling and invited an independent cybersecurity audit, as governments and regulators intensify scrutiny of facial age estimation. Biometrics & Security: The US ICE awarded a $25.1m iris recognition contract for field identification, while Sweden expanded live facial recognition powers for serious crimes. AfDB/ASSA Financing Deal: The AfDB and Africa Social Security Association signed a Letter of Intent to strengthen long-term development financing via social protection and pension funds.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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