Futures were higher overnight after the Wall Street Journal reported that China had agreed to purchase $70 billion of U.S. energy and agriculture products. Once again, this amounted to a “buy the rumor, sell the fact” situation, and corn and soybean futures turned lower this afternoon. The Chinese offer was conditional on the U.S. cancelling last week’s new tariffs, and the White House has not yet released a statement (or tweet) about the situation. President Trump announced today the abandonment of an overhaul of the U.S. renewable fuels policies. Under pressure from farm-state lawmakers, the administration scrapped plans to modify the Renewable Fuel Standard program, which would have benefited oil companies. Renewable I...
ZanzibarMnemba Marine Parksouthern cassowary Mnemba Marine Park is located 10 kilometres (6 mi) from Stone Town and forms part of the northeastern Unguja Island. A marine reserve and atoll, its shallow stretch of coral reef is in the shape of an oval. It is located between Matemwe and Nungwi, w...
Kiwengwa/Pongwe Forest Reserve Kiwengwa/Pongwe Forest Reserve is located on the northeast coast of Unguja, 20 kilometres (12 mi) from the Town. The reserve is an important biodiversity spot in the coral rag zone. The forest reserve is rich both in faunal and floral species. The faunal species r...
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From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.