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Uganda coffee exports up 12pc yr/yr in March KAMPALA: Uganda's coffee exports in March rose by 11.9 percent year-on-year to 348,423 60-kg bags, helped by end-of-season stockpile clearance, a source at the state agency said on Friday."We're soon moving into a new season... perhaps most exporters wanted to clear out their stores so they have more room to accommodate the new crop," said a source at the state-run Uganda Coffee Development Authority (UCDA). Harvest season is now at the tail end in central and eastern Uganda regions while south and south west are about to start harvest.UCDA said March exports fetched $38.9 million vs $38 million earned in the same month a year ago. Copyright Reuters, 2014 ...

Mali gives gold permits to five mining firms: government official BAMAKO: Mali has granted gold permits to five companies to operate and extract from gold mines with total reserves of 9.7 million ounces, a senior official in the ministry of mines told Reuters on Thursday.The companies given permits are Papillon Resources, Robex Resources, New Gold Mali SA, Glencar Mining and Etruscan Resources, Hassimi Sidib?, technical advisor in the ministry, said.Mali is Africa's third largest gold producer. Copyright Reuters, 2014 ...
Iraq issues tender for at least 30,000 tonnes rice BAGHDAD: Iraq issued a tender to buy a minimum of 30,000 tonnes of rice, with long-grain supplies coming from the United States, Uruguay, Argentina, or Brazil, a trade ministry statement said on Monday. The tender is also seeking fragrant and parboiled rice from Thailand or Vietnam, the statement said. The closing date for the tender is April 20 and offers must be valid until April 24. Volumes in Iraq's rice tenders are nominal and the ...
Ivorian cocoa fetches strong premiums as demand booms ABIDJAN: Cocoa beans in some parts of Ivory Coast are selling at more than a 100 CFA franc premium to the minimum farmgate price, farmers and exporters said, as grinders and exporters rush to secure high-quality stocks.The mid-crop marketing season in Ivory Coast, the world's top cocoa producer, started on April 1. Last week, the government maintained the guaranteed minimum cocoa farmgate price at 750 CFA francs ($1.57) per kilogramme.A purchasing manager at an Abidjan-based ...
Kenya's average tea price down by a quarter in December NAIROBI: The average price of Kenyan tea was down by a quarter in December to $2.46 per kg from the same month a year earlier, the industry regulator said on Thursday. The Tea Board of Kenya said production of the crop, which is one of the country's top foreign exchange earners, edged up to 41.7 million kg from 41.4 million kg in December 2012.The average price for a kg of tea during the calendar year ...
South Africa's rand holds steady against weakened dollar JOHANNESBURG: South Africa's rand held within a recent range against the dollar on Tuesday as concerns about economic growth in the United States knocked the greenback off its recent highs. The dollar was pressured by disappointing manufacturing data in the previous session that raised fears about growth in the world's largest economy.The rand was at 10.8250 to the dollar at 0656 GMT, firming slightly from Monday's close but remaining within its trading levels. "Global markets ...
Egypt allocates $1bn for local wheat purchase CAIRO: The Egyptian government expects the domestic wheat harvest to reach 9.5 million tonnes and has allocated seven billion Egyptian pounds ($1 billion) to buy wheat from farmers, the agriculture minister was quoted as saying on Saturday.Ayman Abu Hadid said in remarks published by the official Al Gomhuria newspaper the government would start its purchases in mid-April and pay farmers 420 pounds per Ardeb (150 kg) - around $400 a tonne.Egypt typically buys 3.6 million ...


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln