Categories
Default

Nigeria: Prices of Garri, Akpu, Others Push Food Inflation to 40 Percent

Nigeria’s headline inflation rose to 33.20 percent, data from the National Bureau of Statistics has shown. In a report on Monday, the NBS said headline inflation rate, which was 31.70 percent in February, showed an increase of 1.50 percent points. Also, food inflation increased to 40 percent with prices of garri, akpu, water melon, among […]

Categories
Default

Kenya’s Fuel Consumption Drops On Rising Fuel Prices

Nairobi — Kenya’s fuel consumption and demand fell last year, the latest data from the Energy and Petroleum Regulatory Authority (EPRA) shows. According to a report, Kenyans consumed 4.3 million cubic meters of fuel in 2023, down from 4.5 million cubic meters during a similar period in 2022. The fall came at a time when […]

Categories
Default

Tunisia: Beja Sugar Factory Producing Half of Tunisia’s Daily Sugar Needs for Two Weeks Now (CEO)

Beja/Tunisia — The Beja sugar factory has been operating for two weeks at a production rate of 500 tonnes per day, which represents half of Tunisia’s sugar needs, estimated at 1,000 tonnes per day, the company’s CEO Mohamed Bahri Gabsi told TAP on Monday. He added that maintenance work, the company’s restructuring and equipment programme […]

Categories
Default

Liberia: Unfair and Additional Burden!

Two business groups in Liberia have described a third-party engagement charge of 1.2% on imported commodities with Metech Scientific as unfair and an additional burden. The Fula Business Association and the National Customs Brokers Association of Liberia (NCBAL) held a joint press conference in Monrovia on Tuesday, 26 March 2024, to lament the charge. Fula […]

Categories
Default

Zimbabwe: Zim Has Adequate Sugar Stocks for Domestic, Industrial Consumption – ZSA

THE current drought induced by the El Nino phenomenon will not have any impact on the availability of sugar on the market, industry players have said. The Zimbabwe Sugar Association (ZSA), an umbrella body representing cane millers, has assured consumers that there are adequate stocks of sugar from the previous milling season enough to last […]

Categories
Default

Africa: AfCFTA – Ethiopia to Commence Trial Trading Commodities

Ethiopia is set to commence trial trading of commodities under the African Continental Free Trade Area (AfCFTA), Ministry of Trade and Regional Integration (MoTRI) announced. In an interview with FBC, MoTRI Minister GebremeskelChala said that Ethiopia has made the necessary preparations put in place the trial trading phase and implement the framework agreement through streamlined […]

Categories
Default

Zimbabwe: Anti-Drug Abuse Campaign Group Applauds Government Over CBD Liquor Store Ban

The Southern African Alcohol Policy Alliance in Zimbabwe (SAAPA ZW) has hailed the recent decision by the Zimbabwean government to halt the renewal of licenses for stand-alone bottle stores operating in the Central Business District (CBD) of Harare saying the move is a significant step towards promoting public health and safety in the country. In […]

Categories
Default

Nigeria: Tinubu Administration to Release 42,000 Metric Tonnes of ‘Assorted Food Commodities’ – Aide

.The Tinubu administration through the Federal Ministry of Agriculture and Food Security is in the final stages of releasing 42,000 metric tonnes of assorted food commodities to support the vulnerable population across the country. The grains in seven locations of strategic reserve, are now being bagged for onward delivery to the National Emergency Management Agency […]

Categories
Default

Nigeria: Senate to Investigate Cement Coys On Hike in Price

The Senate has resolved to investigate the sudden hike in the price of cement by its producers in Nigeria. This followed the adoption of a point of order by the Deputy Senate Leader, Sen. Lola Ashiru, on the “Need to Urgently Address the Increase in Cement Price and other Building Materials in Nigeria” at plenary […]

Categories
Default

Liberia: Hike in Price of Rice Claims Lawmakers’ Attention

The Plenary of the Liberian Senate has cited the Minister of Commerce and Industry Amin Modad to state reasons behind the hike in the price of rice, despite his latest pronouncement reducing the price of the commodity on the local market. Rice is Liberia’s staple food. It can be recalled that on Friday, February 16, […]

Categories
Default

Tanzania: Traders Warned Against Illegal Hikes in Sugar Prices

KATAVI: KATAVI Regional Commissioner Ms Mwamvua Mrindoko has warned traders in the region against price hikes of sugar on the pretext of shortage of the commodity in the markets The RC said she will never hesitate to take legal measures against a few traders hiking sugar prices arbitrarily on the pretext of a shortage of […]

Categories
Default

Kenya: We Want Guaranteed Minimum Return Now, Nyeri Farmers Tell Ruto Minister

Nyeri — Coffee farmers in Nyeri have demanded the immediate implementation of Guaranteed Minimum Returns (GMR) for their produce as promised by President William Ruto’s campaign in 2022. The farmers joined by local leaders said it was time the Kenya Kwanza administration delivered on its promise to reward them for turning out to vote for […]

Categories
Default

Angola: Reprocessing Factory Exports 18 Tons of Coffee

Sumbe — The Coffee Reprocessing Factory-JMV Ltd located in Sumbe, central province of Cuanza Sul, exported 18 tons of Coffee to Europe today, Thursday, through the Commercial Port of Lobito. According to information from the owner, José Manuel Ventura, speaking to ANGOP, this is the first export carried out as a result of investment from […]

Categories
Default

Ethiopia: PM Abiy Says Billions of Coffee, Fruit Seedlings Under Preparation for Next Planting Season

Addis Ababa — Prime Minister Abiy Ahmed said more than 2 billion coffee seedlings, half a billion fruit seedlings and 400 million tea plants are under preparation for the next planting season with improved focus. The premier said on X, former twitter, that over the past year, more than 2 billion coffee seedlings, more than […]

Categories
Default

Angola: Mirempet Aims to Increase Diamond Polishing Factories

Luanda — The creation of adequate conditions to attract more investment and, consequently, increase the number of diamond cutting factories in Angola will continue to be one of the main goals of the Ministry of Mineral Resources, Oil and Gas (MIREMPET). According to the incumbent minister, Diamantino Azevedo, this challenge also involves continuous support for […]

Categories
Default

Ethiopia Launches Major Project to Combat Deforestation, Boost Coffee Production

Addis Ababa — The Ethiopian government, in partnership with the United Nations Development Programme (UNDP) and the Global Environment Facility (GEF), has officially launched a major project to tackle deforestation, promote forest restoration, and integrate sustainability into the country’s coffee value chains and food systems. The project will be implemented under the theme “Preventing Forest […]

Categories
Default

Kenya Launches Comprehensive Natural Resources Atlas for Informed Decision-Making and Conservation

Nairobi — Kenya has unveiled an extensive atlas consolidating data and information about its critical natural resources. Deputy Chief of Staff Josphat Nanok who represented Head of Public Service Felix Koskei said the newly introduced atlas, along with its online version accessible at offers a comprehensive compilation of data on Kenya’s natural resources. This initiative […]

Categories
Default

Ethiopia Working to Unlock Mines’ Economic Potential

The government has made consolidated efforts to make the mining sector the engine for national economic growth and a dependable source of foreign currency and employment, the Mines Minister said. In his opening remarks at the second Mining and Technology Expo, Mines Minister Habtamu Tegegn (Eng.) stated that the sector has the potential to attract […]