Africa is at a critical juncture in its development trajectory. This shift has been driven largely by a revolution in information and communications technology. The rapid changes in demography, urbanization and a commodity-price boom are key drivers in the ongoing transformation in the continent, all of which present unprecedented opportunities for Africa to overcome its legacies and embark on a bold agenda that will see the continent emerge as a global economic power.

 

Given its remarkable growth since the late nineties, the continent has been hailed as the next frontier for opportunity and a potential global growth pole. Political conflicts have declined, economic growth is robust and economic management, corporate governance and political stability have improved as well. All of this has contributed to a shift in global perception of the continent, from pessimism to that of enormous potential.

 

Yet, recent economic performance has not generated enough economic diversification, job growth or social development to create wealth that would take millions of Africans out of poverty. Recent studies highlight the important role that commodity-based produce can provide and contribute to the growth of the continent.

 

At Hugo Commodities, we believe that our presence in African countries can provide real opportunities for buyers and investors, who wish to capitalize on our expert knowledge of the terrain by investing in international commodity products as well as supporting our corporative efforts to bring real changes in how global production processes are organized from the farm gate and other commodity extraction points to the global marketplace.

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Hugo Commodities Group is made up of separate affiliated companies engaged in the trading of heavy oil, light oil, refined oil products, precious metals (such as, gold, diamonds, copper, lead ore, zinc ore), agro products, and other related commodities. A wealth management arm-Hugo Assets-is the newest subsidiary in the Hugo Commodities Group.