Don't set sail on someone else’s star.

<br>Don't set sail on someone else’s star.



Chic African Culture Blog

Did you know?

1. No African country names begin with the letters F, H, I, J, O, P, Q, V, W, X, or Y.

2. Africa is surrounded by water but by definition Africa is not an island because Africa is a continent.

3. African tech startups raise billions of dollars annually, seven African start-ups were included in the World Economic Forum 2021 cohort of 100 Technology Pioneers.

African Culture is World Heritage

Appreciate Africa through African art, food, proverb sayings, folklore, biographies, spirituality and African living history.

What Does Africa and The NYSE Have to do with Each Other

What Does Africa and The NYSE Have to do with Each Other

Africa's Coffee, Cocoa, and Cotton rule the New York Stock Exchange Intercontinental Exchange Group soft commodities market. African influences are extensive in the softs markets and are of vital importance to the international soft commodity trading of the world.

African influences are extensive in the NYSE softs markets


Africa's Influence On The New York Stock Exchange and China

A stock exchange is a facility where stockbrokers and traders can buy and sell securities, such as shares of stock and bonds and other financial instruments. The New York Stock Exchange (NYSE) is the world's largest stock exchange by market capitalization.

African influences are extensive in the soft markets especially in the case of cotton, cocoa, and coffee and are of vital importance to the international soft commodity trade on the Atlanta-based Intercontinental Exchange Group or ICE of the New York Stock Exchange, NYSE.

According to ICE, it became the center of global trading in soft commodities with its acquisition of the New York Board of Trade in 2007. Now known as ICE Futures U.S., the exchange offers futures and options on futures on soft commodities including coffee, cocoa, sugar, cotton, and frozen concentrated orange juice. 
What is a soft commodity? The definition of a soft commodity is a resource that is grown rather than mined such as coffee, cocoa, sugar, maize or corn, cotton, and tea. 

Unroasted coffee is Africa’s leading soft commodities value export, cocoa beans are second and cotton lint is the third. Soft commodities play a major part in the futures market. 

 What are futures? Futures are contracts that require traders to buy or sell assets at a set price at a set date in the future allowing farmers and other food producers to lock in the prices they would get for crops even before harvest time.

 The top export is cotton around 40% of $8.3 billion Gross Domestic Product (GDP) or $3.3 billion. Africa's three C’s Coffee, Cocoa, and Cotton rule the NYSE-ICE futures soft commodities market.

China as a foreign investor in Africa

China is the largest developing country foreign investor in Africa. Significant Chinese investment and development finance have been channeled into infrastructure. Trade with China is growing much faster than that with the United States and the European Union. 

The relationship started in the early 1980s, as part of concerted diplomatic efforts promoting Chinese economic cooperation with Africa. The largest share directed toward the resource sector, notably in South Africa, Angola, Ethiopia, Mali, Nigeria, and Uganda.

There are 16 major exchanges in Africa, 30 in total.

Ghana Stock Exchange

Lusaka Stock Exchange

Malawi Stock Exchange

Johannesburg Stock Exchange

Bond Exchange of South Africa

Stock Exchange of Mauritius

Zimbabwe Stock Exchange

Namibia Stock Exchange

Botswana Stock Exchange

Cairo and Alexandria Stock Exchange

Abidjan Stock Exchange

Casablanca Stock Exchange

Nigeria Stock Exchange

Dar es Salaam Stock Exchange

Uganda Securities Exchange

Nairobi Stock Exchange

China is only one of several major emerging economies with an interest in Africa, the others being Brazil, India, The Republic of Korea, the Russian Federation, and Turkey.

Africa received nearly half of the cumulative $54 billion provided by China in global foreign aid through 2012 significantly more than any other region. Chinese development assistance is frequently packaged into agreements that mix grants and investment, and concessional and non-concessional loans.

Investments in infrastructure and mining are likely to slow, given the recent decreases in global commodity prices, Chinese investment should continue to add to the domestic demand for goods and services in Africa.

Did you know
Africa’s Top 10 most value exported soft commodities according to the Food and Agriculture Organization of the United Nations 2011 are in order cocoa beans, unroasted coffee, cotton lint, rubber natural dry, unmanufactured tobacco, oranges, tea, refined sugar, maize, and unshelled cashew nuts. 


Africa's three C’s Coffee, Cocoa, and Cotton rule the NYSE-ICE futures soft commodities market.


Getting to Know Africa

Historical African Country Name
Top 20 Largest Countries in Africa
How many countries does Africa have?

Learn more about Africa.

Roots of Africanized Christianity Spiritual Songs
Chocolate Processing Facts History and Recipes
Awesome Kenyan Woman
Land is Not For Women in Sierra Leone
African Kente Cloth Facts
Accra the Ghanaian Capital Ultimate Mall Experience

Chic African Culture and The African Gourmet=

Africa is surrounded by water but is not an island, here are a few African Island facts.

Madagascar is the 4th large island in the world and is located in the Indian Ocean supporting a unique biology, about 90% of its plants and animals are found nowhere else on earth.

Composed of 155 islands, Seychelles is Africa's smallest country. By far the largest island is Mahe, home to about 90% of the population and the site of its capital city of Victoria.

Cabo Verde has a strategic location 310 miles or 500 km from the west coast of Africa near major north-south sea routes; important communications station; important sea and air refueling site.

Africa is surrounded by water but by definition Africa is not an island because Africa is a continent. Continents can not be considered islands because of their size and also by historic definition since many people who study geography define islands and continents as two different things.

This Week’s Best Posts and Pages

Top ten African countries with the most Gold Olympic medals

Image
Gold Olympic Medals Africa Kenya, South Africa, Ethiopia, Egypt, Morocco, Algeria, Zimbabwe, Tunisia, Cameroon, and Nigeria are the top ten African countries with the most Gold Olympic medals. 10 African countries with the most Gold Olympic medals How much do you know about Africa's history at the Summer Olympics Games? The 2016 summer Olympic Games in Rio officially known as the Games of the XXXI Olympiad has been a part of Africa’s history since 1904. Also in Rio 2016, the first-ever Team Refugees will stand before the world and prove that you can succeed no matter where you're from. Top ten African countries with the most Gold Olympic medals African Country Gold Silver Bronze Total Kenya 24 33 29 86 South Africa 23 26 27
Learn More

Beauty Does Not Pay Bills African Folklore Story

Image
Beauty Does Not Pay Bills African Folklore Story In the popular African folklore story, Beauty Does Not Pay Bills a beautiful Zulu woman learns the hard way you cannot rely on how you look to pay the bills. Beauty Doesn't Pay Bills African Folklore Story As the ancestors say, a young Zulu woman was well known and prized throughout the land for her unique beauty. One day, she thought to herself since she is so beautiful she would only have to show up at the local market, and the people would bring her all she needed to survive. Therefore, when she saw the women go to market, carrying loads of vegetables, beans, bananas, and cocoyam, she put on her prettiest clothes adorned herself with costly beads and bracelets and followed the women to market. When she arrived at the market, people were busy bartering their vegetables for dried fish, salt, pottery, and other supplies. The beautiful woman stood there in the busy market empty-handed, and had nothi
Learn More

Chadian Steamed Honey Cassava Buns

Image
Chadian Steamed Honey Cassava Buns African Recipes by African Gourmet   Chadian steamed honey cassava bun recipe has as many variations as to the fillings and the preparations. Our recipe offers a tasty filling of sweet honey to compliment the delicate soft steamed buns. Prep time: 10 min Cook time: 25 min Total time: 35 min Ingredients 2 cups cassava flour ½ cup water ¼ cup honey ½ teaspoon salt Honey for drizzling Directions Mix together cassava flour, water and salt. Knead until dough is formed then divide into 10 equal balls. Using your thumb make a deep indication in the center of each ball, fill with honey and smooth the dough back over the filling. Place squares of parchment paper under each ball so the dough does not stick to the steamer, steam in a bamboo steamer for 25 minutes. Drizzle with honey and serve warm as a snack, appetizer or with meals. [Read: Largest Ethnic Groups Of Chad Africa .] Chad Food Recipes
Learn More

Arrest in Rwanda 100 Days of Genocide

Image
Major Pierre Claver Karangwa, one of the executioners of the 100 day long Rwandan Genocide lived in the Netherlands for 26 years before his arrest​. Rwanda is the most densely populated country in mainland Africa with a population of 13 million living on 10,169 square miles of land; Rwanda is about the size of the US state of Maryland. The population is divided among ethnic lines with Hutu 85 percent, Tutsi 14 percent, and Twa 1 percent.  Major Pierre Claver Karangwa In 1959, three years before independence, the majority ethnic group, the Hutus, overthrew the ruling Tutsi king. Over the next several years thousands of Tutsis were killed, and some 150,000 driven into exile in neighboring countries. The children of these exiles later formed a rebel group, the Rwandan Patriotic Front and began a civil war in 1990. The mass killing of Rwanda’s Tutsi population was ignited on April 6, 1994, when a plane carrying the-then president, Juvénal Habyarimana, was shot down and crashed in Kigali, t
Learn More

African cultures express, encourage, and communicate energy

African cultures express, encourage, and communicate energy

Support African History and Culture

Chic African Culture and The African Gourmet are dedicated to discovering, collecting and sharing African history and heritage celebrating 14 years of service in 2021. Share and support in the pride of being part of an important cultural and educational resource.


Being African in America I have grown up learning about different ethnic cultures. My father and mother are historians of African culture and history and their influence expanded my activities to several best-selling cookbooks, magazine columns, self-branded products, and a popular African culture and food blog.

Chic African Culture

Be better than average and support African history and culture. Since 2008 Chic African Culture and The African Gourmet highlight Africa through her food and culture. Contact us culture1africangourmet@gmail.com

More LOVE from Africa to Read About

Tasting African History Through Street Food African proverbs are to speech what salt is to food What is a person from Africa called