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.

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

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Top 20 Largest Countries in Africa
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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.

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African cultures express, encourage, and communicate energy

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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.

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