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Middle East & Africa


Top Kenyan tea prices slide for fourth straight week NAIROBI: The average price of top Kenyan tea edged down for the fourth straight week to $3.74 per kilogramme from $3.90 at last week's sale, market participants said on Wednesday.The east African nation is the world's largest exporter of black tea, an important source of foreign exchange for it.Africa Tea Brokers (ATB) said in a market report the Best Broke Pekoe Ones (BP1s) fetched $2.65-$4.82 per kg from $3.00-$4.80 per kg attained at last week's sale.Brighter Pekoe Fanning Ones (PF1s) sold at $2.00-$2.68 per kg, compared with $2.08-$2.75 per kg at the last auction.ATB said there was less demand for 118,979 packages offered for sale with 29.4 percent unsold. Last week, about a quarter of all packages, or 6.97 million kgs on offer went unsold.Copyright Reuters, 2013 ...

Ghana leaves 2013/14 farmgate cocoa price unchanged at $1,560/T ACCRA: Ghana has left its farmgate purchase price for cocoa for the new 2013-14 season unchanged at 3,392 cedis ($1,560) per tonne, Deputy Finance Minister Ato Forson said on Friday.Forson said the farmgate price in the world's second biggest grower was still competitive compared with prices in neighbouring Ivory Coast, the world's top producer."Even though Ivory Coast has increased their price, Ghana's price is still higher than the price in Ivory Coast," Forson told a ...
I.Coast ups cocoa farmer price, curbs exporter competition ABIDJAN: Ivory Coast raised the minimum price payable to cocoa farmers and capped the amount exporters can pay for beans at ports on Wednesday, as the world's top grower increased state regulation ahead of a new harvest.The twin decisions, taken as Ivory Coast embarks on its second season since reintroducing price controls, aim to boost farmer incomes while preventing small exporters from being squeezed out of the market.The West African nation abandoned a decade of ...
Sudan currency falls to record low ahead of listing of fuel subsidies KHARTOUM: Sudan's currency has fallen to a record low against the dollar on the black market as people rush to change savings into hard currency ahead of a lifting of fuel subsidies expected to drive up inflation, dealers said on Saturday.There is little foreign trading in the Sudanese pound but the black market rate is a key indicator of the mood of the business elite and of ordinary people left weary by years of economic ...
Ghana signs $1.2bn cocoa loan for 2013-14 crop purchases ACCRA: Ghana's cocoa industry regulator Cocobod has signed a $1.2 billion syndicated loan from international banks for 2013/14 cocoa crop purchases as against $1.5 billion for 2012/13, it said on Friday.The credit facility between Cocobod and a consortium of international and local banks, led by French lender Societe General, will enable Cocobod to raise funds to purchase 830,000 tonnes of cocoa from farmers for the season.Ghana is the world's second largest cocoa exporter after Ivory ...
Ivory Coast Oct-Aug coffee exports down 13pc ABIDJAN: Ivory Coast's coffee bean exports fell more than 13 percent to 74,925 tonnes from October 2012 to August 2013 compared with the same period last season, provisional port data showed on Wednesday. Copyright Reuters, 2013 ...
Kenyan tea prices rise at auction NAIROBI: The average price of Kenya's top grade Broken Pekoe Ones tea climbed to $3.91 per kg at this week's auction from $3.82 per kg last week, Africa Tea Brokers (ATB) said on Tuesday.Kenya is the world's top black tea exporter and tea is a leading foreign exchange earner in east Africa's largest economy.ATB said Best Broke Pekoe Ones sold at $3.40-$4.41 per kg, from $3.54-$4.10 per kg last week.Brighter Pekoe Fanning Ones (PF1s) fetched ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 22, 2015
Reserves $10.331 bln