President Alassane Ouattara

ABIDJAN (Capital Markets in Africa) – Ivory Coast has cut planned spending for 2017 by 10 percent due to a sharp drop in world prices of cocoa, its leading export, President Alassane Ouattara said, according to Thursday’s edition of national newspaper Le Patriote. The move is a major concession by a government that has prided itself on its stewardship of the West African country – the world’s biggest cocoa exporter – during its recovery from…