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Middle East & Africa


South Africa's net reserves dip to $44.315bn in July JOHANNESBURG: South Africa's net gold and foreign exchange reserves were at $44.315 billion in July from $44.828 billion in June, data from the Reserve Bank showed on Thursday. Gross reserves edged higher to $49.89 billion at the end of the month, from $48.647 billion in June, while the forward position, which represents the bank's unsettled or swap transactions, fell to $2.975 billion from $3.117 billion. Economists polled by Reuters expected net reserves to come in at $44.645 billion in June.Copyright Reuters, 2014 ...

Kenya's tea exports inch up in first half of year NAIROBI: Kenya's tea exports rose slightly in the first six months of the year, while average prices at the auction dipped and output was steady, the Tea Board of Kenya said on Wednesday.The east African country exported 250 million kg in January to June, from 246.7 million kg in the same period last year. Output for dipped 0.2 percent to 225.2 million kg, the regulator said in a statement.Kenya is the world's leading exporter of ...
Private Egyptian buyers purchase 60,000 T Black Sea wheat: trade HAMBURG: Private Egyptian buyers in the past week purchased about 60,000 tonnes of wheat from the Black Sea region, all for August shipment, European traders said on Monday.Some 30,000 tonnes with 12.5 percent protein content was purchased at $257 a tonne c&f and a further 30,000 tonnes with 11.5 percent protein content was purchased at $247 a tonne c&f, traders said.Benchmark Chicago wheat touched four-year lows in the last week, pressured by expectations of rising ...
Cameroon robusta coffee exports hit 10,469 tonnes by end June YAOUNDE: Robusta coffee exports from Cameroon reached 10,469 tonnes by the end of June since the start of the 2013/14 season in December, down slightly from 10,695 tonnes for the same period last year, according to official statistics. Data from the National Cocoa and Coffee Board (NCCB) showed that Cameroon exported 2,382 tonnes of robusta coffee in June, down from 2,700 in May but up from 2,269 tonnes in the same month last year. Cameroon ...
Egypt says wheat stocks increase to six months ABU DHABI: Egypt, one of the world's largest wheat importers, said on Thursday its stocks had increased to six months worth, after its Supply Ministry had said in March it had enough to last only until the end of June."Through what we have purchased locally and our import contracts, we now have enough wheat to last until the beginning of next year," ministry spokesman Mahmoud Diab said.Deposed President Mohamed Mursi's administration had cut imports significantly ...
Ivorian cocoa arrivals seen at 1,598,000 T by June 29 ABIDJAN: Cocoa arrivals at ports in top grower Ivory Coast had reached around 1,598,000 tonnes by June 29 since the start of the season on October 2, exporters estimated on Monday, up from 1,322,000 tonnes in the same period of the previous season.Exporters estimated around 26,000 tonnes of beans were delivered to the West African state's two ports of Abidjan and San Pedro between June 23 and 29, up from 24,000 tonnes during the same ...
Highest price for top Kenya tea grade dips at auction NAIROBI: The highest price for top-grade Kenyan tea dipped to $3.20 per kg at this week's auction from $3.22 per kg last week, Tea Brokers East Africa said on Wednesday.Kenya is the world's leading exporter of black tea.The crop is a main source of foreign exchange for the east African economy, together with horticultural products and tourism.Best Broken Pekoe Ones (BP1s) sold at $2.22-$3.20 per kg compared with $2.12-$3.22 per kg last week.Best Brighter Pekoe ...


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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 $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln