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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 Coast. It aims to raise its production to an average of 1 million tonnes annually from 800,000 tonnes through improved farming methods and better incentives.The loan, which was oversubscribed as in previous years, is the largest soft commodity deal in sub-Saharan Africa, Cocobod spokesman Noah Amenyah said."It is aimed at ensuring that cocoa farmers in Ghana are paid fairly and promptly for their cocoa produce," he said. The new season is expected to begin early ...

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 ...
Egypt's FIHC seeking 20,000 T soyoil and 20,000 T sunflower oil ABU DHABI: Egypt's state-owned Food Industries Holding Company is seeking 20,000 tonnes of sunflower oil and 20,000 tonnes soybean oil in a tender, a Cairo-based trader said on Sunday.The oil is for arrival Oct. 1 to Oct. 20 and local delivery for soybean oil offers in Egyptian pounds is from Sept. 10 to Oct. 20, the trader said.The closing date for the tender is September 5.Copyright Reuters, 2013 ...
Dry weather to boost Nigeria's main cocoa crop after heavy rains LAGOS: Drier weather in Nigeria's main cocoa-growing regions has increased hopes of a healthy crop this September, after heavy rains subsided to gave farmers breathing space to dry their beans.Cocoa futures hit multi-month highs on Tuesday, as speculators bought up the key chocolate ingredient on concerns over unfavourable weather in West Africa, the main growing region. They were mostly concerned about lack of rain, although Nigerian farmers have been more worried about too much of ...
Uganda coffee exports up 29pc yr/yr in July: UCDA KAMPALA: Uganda's coffee exports in July jumped 29 percent year-on-year to 395,224 60-kg bags, helped by dry weather that improved the bean drying process and eased transportation from rural areas to market, a state agency said on Monday.The Uganda Coffee Development Authority said the July exports earned $45.1 million, up from $40.5 million in July 2012."The main factors for bigger volumes that we exported are the dry conditions that facilitated smooth transportation from deep in ...
Egypt tumbles 3.9pc after bloodshed DUBAI: Egypt's bourse suffered its largest one-day drop in four months on Sunday after hundreds of people were killed in a crackdown by the army-backed government on supporters of the Muslim Brotherhood.Cairo's main index tumbled 3.9 percent to 5,335 points. It had dropped 1.7 percent on Wednesday, when security forces started taking action to disperse protesters, and was shut on Thursday because of the violence.The market traded for three hours on Sunday instead of the ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln