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Kenya buys over 680,000 tonnes oil products for May-July SINGAPORE: Kenya's oil importers have bought over 680,000 tonnes of oil products for delivery over May to July, about 20 percent more than their previous purchase, industry sources said on Wednesday.They bought 346,055 tonnes of 50ppm sulphur gasoil, 213,822 tonnes of gasoline and 123,541 tonnes of jet fuel for delivery into the Kipevu Oil Terminal and the Shimanzi Oil Terminal from Gapco, KenolKobil, Total Kenya and Vivo Energy.The importers bought a rare cargo of 95-octane gasoline for blending purposes, one of the sources said.Kenya last bought over 560,000 tonnes of oil products for delivery over April to May.The country's oil imports are increasing due to healthy domestic demand, the source added.Kenya's economy is highly dependent on gasoil for transport, power production and farming, while many homes still use kerosene for lighting and cooking.Copyright Reuters, 2015 ...

Cameroon cocoa exports rise to 177,509 tonnes by end-March YAOUNDE: Cocoa exports from Cameroon, Africa's fourth largest producer, rose to 177,509 tonnes in the nine months to end-March, up from 143,374 tonnes during the same period in the previous season, the National Cocoa and Coffee Board (NCCB) said on Tuesday. In March, Cameroon shipped 10,810 tonnes of cocoa beans, down from 19,806 tonnes in February but a sharp increase from 3,207 tonnes in the same month a year ago.The NCCB said 21 companies exported ...
Saudi Arabia buys 780,000 tonnes of hard wheat HAMBURG/ABU DHABI: Saudi Arabia bought 780,000 tonnes of hard wheat in an international tender which closed on Friday, the country's main state wheat buying agency, the Grain Silos and Flour Mills Organisation (GSFMO), said on Monday.The wheat, with 12.5 percent protein content, is for shipment during June to August, GSFMO acting director general Abdulrahman Al Ruwaitie said in a statement.The accepted origins are the European Union, North America, South America and Australia, at the sellers' ...
Miners end strike in Mauritanian iron ore hub: union NOUAKCHOTT: Miners in Mauritania's northern iron ore hub of Zouerate went back to work on Friday after downing tools for nine weeks in a dispute over wages, their union and management said.The workers had been on strike since January 28 to demand that the National Industrial and Mining Company (SNIM) honour agreed pay rises and bonuses."Everyone went back to work, everyone is happy with this development," SNIM spokesman Samba Barry said.The workers had negotiated pay ...
Kenya buys over 560,000 tonnes oil products for April-May SINGAPORE: Kenya's oil importers bought over 560,000 tonnes of oil products for delivery over April to May, slightly less that what they initially sought, industry sources said on Friday.They bought 122,144 tonnes of jet fuel, 279,148 tonnes of gasoil and 164,500 tonnes of gasoline from Vivo Energy, Gapco, Mogas and Kencor, the sources said.They will pay premiums of about $25 a tonne above Middle East quotes for the jet fuel cargoes, premiums between $20 and ...
Nicaragua coffee exports rise 25pc in February MANAGUA: Coffee exports from Nicaragua totaled 185,183 60-kg bags in February, up 25 percent from the same month during the 2013/2014 season, the national export center Cetrex said on Thursday. Shipments during the first five months of the 2014/2015 season, which began in October, totaled 453,717 60-kg bags, an increase of 34.6 percent over the same period during the previous season. The growth in exports so far this season is due, in part, to the ...
Drop in cocoa bean size worries Ivorian exporters ABIDJAN: Dry weather in top cocoa grower Ivory Coast has caused a sharp drop in bean size and will delay the start of the April-to-September mid-crop by nearly two months, exporters and merchants said on Friday. Bean size is determined by counting the number of beans per 100 grammes of cocoa, known as the bean count. Ivory Coast's marketing board, the Coffee and Cocoa Council (CCC), has fixed a ceiling of 105 beans per 100 ...


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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 $-1.998 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklySeptember 21, 2015
Reserves $18.726 bln