Trade

Danish seafood trader weighs currency risk in Africa

While frozen foods supplier Nowaco remains committed to west Africa, the company has put a brake on expansion due to currency-related risks.

"The risks in Africa have become higher with the lack of currency and increasing interest rates," said Nowaco Chief Operating Officer Peter Rasmussen.
"The risks in Africa have become higher with the lack of currency and increasing interest rates," said Nowaco Chief Operating Officer Peter Rasmussen.Photo: Nowaco
Correspondent
Published 13 August 2024, 09:58Updated 13 August 2024, 18:50
NowacoAfricaDenmarkPelagicsFrozen fish