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Uganda's coffee exports up 3pc yr/yr in February NAIROBI: Uganda's coffee exports in February rose by 2.9 percent year-on-year to 354,837 60-kg bags, helped dry weather that has hastened the drying of beans, a state agency said on Thursday. "The central and eastern regions where harvesting is underway have been witnessing dry weather which is very important in fast drying of the beans," said a source at the state-run Ugandan Coffee Development Authority (UCDA). "It (dry weather) is also important because it helps in aiding easy transportation of coffee from rural areas where roads can be nearly impassable in rainy periods." Last February, Africa's top coffee exporter shipped a revised 344,760 bags. The crop is one of the government's main sources of foreign currency. Copyright Reuters, 2014 ...

Top price for Kenyan coffee drops at auction NAIROBI: The top price of Kenya's benchmark coffee grade fell to $441 per 50 kg bag at this week's auction from $626 per bag last week, the Nairobi Coffee Exchange (NCE) said on Wednesday.Kenya's speciality coffee beans are known for their high quality and are sought after by roasters for blending with coffee of lesser quality.Grade AA fetched $205-$441 per bag compared with $202-626 at the previous sale, while grade AB sold at $163-352 versus ...
Egypt imports official suspected of corrupt rice deals, not wheat CAIRO: Egypt referred an import official from the General Authority for Supply Commodities (GASC) to administrative prosecutors on suspicion of corruption over local rice deals, not wheat, the Supplies Ministry spokesman told Reuters on Sunday. Egypt is the world's biggest wheat importer and any loss of confidence in that trade could have had significant consequences for the market. "The case has no relation at all with wheat, it is about dealings to purchase local rice ...
Kenya tea prices fall at latest auction NAIROBI: The highest price for top Kenyan tea fell to $4.00 per kg at this week's auction from $4.13 per kg last week, Africa Tea Brokers (ATB) said on Wednesday. Kenya is the world's leading exporter of black tea and the crop is a major foreign exchange earner for east Africa's largest economy, together with horticulture and tourism. Prices for Best Broke Pekoe Ones (BP1s) sold at $2.94-$4.00 per kg compared with $3.15-$4.13 per kg ...
Kenyan coffee top price climbs at auction NAIROBI: The top price of Kenya's benchmark coffee grade rose to $531 per 50 kg bag at this week's auction from $440 per bag last week, the Nairobi Coffee Exchange(NCE) said. Kenya's speciality coffee beans are renowned for their high quality and are sought after by roasters for blending with coffee of lesser quality. During Tuesday's auction, grade AA fetched $171-$531 per bag, from $220-$440 at the previous sale, while grade AB sold at $151-$370 ...
Ivory Coast tops up cocoa reserve fund to $83mn ABIDJAN: Ivory Coast, the world's top cocoa grower, has topped up a reserve fund to protect against world price fluctuations to 40 billion CFA francs ($83.33 million), a government document showed. The West African nation abandoned a decade of sector liberalisation last season and now sells forward the bulk of its anticipated harvest in order to guarantee a minimum price for growers as part of efforts to improve their incomes. The fund reached 56 billion ...
South African platinum firms to meet mediators JOHANNESBURG: Top global platinum producers in South Africa this week will meet independent mediators to discuss a two-week wage strike, according to the union whose 80,000 workers have downed tools.Earlier talks led by the Commission for Conciliation, Mediation and Arbitration (CCMA) adjourned last week after the firms said they had reached "no settlement" with negotiators of the radical Association of Mineworkers and Construction Union (AMCU)."CCMA will be meeting the employers on Tuesday alone," AMCU president ...

 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln