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Middle East & Africa


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 $48 a tonne over Middle East quotes for the gasoil cargoes and premiums between $11 and $39 a tonne above Mediterranean quotes for the gasoline cargoes.Kenya last bought over 550,000 tonnes of oil products for delivery over March to April.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 ...

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 ...
Heat and dry weather could threaten Ivory Coast cocoa mid-crop ABIDJAN: Hot, dry weather in Ivory Coast's main cocoa-growing regions last week could delay the April to September mid-crop, though rainfall was sufficient elsewhere, farmers said on Monday. Ivory Coast, the world's top cocoa producer, is approaching the end of the mid-November to March dry season.At least one downpour a week until the end of the month will be required to encourage flowering, which then develops into small pods. In the coastal region of San ...
Vietnam's January-February rice exports dip to 515,000 Tonnes HANOI: Vietnam's rice exports in the first two months of 2015 are estimated to have fallen 34.4 percent from a year ago to 515,000 tonnes, the government said on Thursday.Revenue from rice shipments in January-February is estimated at $237 million, down 35.6 percent from the same period last year, the government's General Statistics Office said in its monthly report.Vietnam, the world's third-largest exporter after Thailand and India, has projected to ship 7 million tonnes of ...
South Africa's Sibanye says H2 earnings down 60pc JOHANNESBURG: South African-focused Sibanye Gold reported on Thursday a 60 percent decline in second-half headline earnings per share because of impairments to some operations and the Rand Refinery as well as an additional tax payment.Copyright Reuters, 2015 ...
Zambia Sugar to spend $82mn on refinery to double output JOHANNESBURG: Africa's top cane producer Zambia Sugar plans to spend $82 million to construct a refinery that would double its annual refined production as well as make other factory improvements, the firm said on Wednesday. The unit of South African sugar producer Illovo said in a statement the refinery would more than double refined output capacity to around 100,000 tonnes, and likely be up and running by May of 2016.Zambia Sugar said the project would ...


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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln