AllAfrica News: Commodities

Kenya: Sugar Companies Face Frustrations Amid Revival Bid

Mon, 18 Jan 2021 13:44:54 GMT

[Nation] Court cases, debts, lack of political goodwill and competing interests among sugar millers conspire to delay the revival of the collapsed sugar sector, resulting in a long, tortuous wait by farmers from the western Kenya's sugar belt.

South Africa: All That Glitters - a Look Into Illicit Gold Networks

Sun, 17 Jan 2021 09:37:42 GMT

[Daily Maverick] The Midas touch connecting South Africa to global smugglers, terrorists and Dubai's dubious gold industry.

Tanzania: 15 Men Held Over Possession of Illegal Gold

Sat, 16 Jan 2021 20:24:34 GMT

[Daily News] THE Police Force is holding 15 people for allegedly engaging in illegal sale of 9.2gm of gold in one of the guest houses in Bariadi District.

Ethiopia: Ethiopia Holds Successful Coffee Promotion Webinar

Wed, 13 Jan 2021 15:11:57 GMT

[Ethiopian Herald] The Embassy of Ethiopia in France, in collaboration with stakeholders, conducted a virtual Ethiopian Coffee Promotion Meeting yesterday.

Ethiopia: Ethiopia to Attain Wheat Import Substitution Soon

Wed, 13 Jan 2021 15:09:22 GMT

[Ethiopian Herald] The summer wheat irrigation projects undergone in 12 woredas of Amhara state and 21 woredas of Oromia state are expected to realize import substitution soon, said Ministry of Agriculture.

Egypt: PM Asserts Necessity of Providing Strategic Stocks of Various Commodities

Tue, 12 Jan 2021 06:14:17 GMT

[Egypt Online] Prime Minister Mostafa Madbouli asserted on Monday the necessity of offering various commodities for citizens, and providing strategic stocks in order to avoid any emergencies especially amid the spread of the coronavirus pandemic, while at the same time working to control market prices.

South Africa: Business Highlights of the Week - From the JSE's Surprising High to MTN's Low

Mon, 11 Jan 2021 15:23:06 GMT

[Daily Maverick] The JSE hit an all-time high on the third trading day of the new year. Sounds great, until you consider that it has just matched the levels it last traded at in January 2018. So, if you're invested in the broader market, your investment has gone nowhere over the past three years - although, granted, you will have earned dividends.

Kenya: Kenya to Zero-Rate Locally Value-Added Tea, Says Munya

Mon, 11 Jan 2021 10:00:10 GMT

[Nation] Kenya will zero-rate tax on local tea in order to allow value addition of the commodity in the country.

Rwanda: Rwanda Online Coffee Sales in China Rise By 400%

Thu, 31 Dec 2020 09:09:57 GMT

[New Times] Sales of Rwandan coffee in China via online platforms belonging to China's e-commerce giant Alibaba increased by 400 per cent in 2020, according to information from Alibaba.

Ethiopia: Turkish Company Opens Ethiopian Coffee House in Addis Ababa

Wed, 30 Dec 2020 12:26:29 GMT

[ENA] Addis Ababa -- The renowned Turkish company KUMTEL, has opened an Ethiopian coffee house with its own packaging facility in Istanbul, Turkey.

Tanzania: NDC Plans to Formalise Charcoal Business

Wed, 30 Dec 2020 05:52:34 GMT

[Daily News] With the intention of improving and sustaining charcoal business in the country, the National Development Corporation (NDC) is on the verge of drafting a plan to formalise the sector and address its hitches.

Africa: Transparency in Extractives to Tame Graft Starts January

Thu, 24 Dec 2020 13:41:22 GMT

[East African] All countries subscribing to the global extractives initiative will effective January 1, 2021, have to publicly publish new and amended contracts signed with mining firms according to transparency disclosure requirements.

Zimbabwe: Govt Partners Private Sector On Commodities Exchange

Thu, 24 Dec 2020 08:26:06 GMT

[The Herald] The Financial Securities Exchange Limited (FINSEC), in partnership with TSL Limited and financial services group CBZ Holdings Limited, has established the Zimbabwe Mercantile Exchange (ZMX) in a Public-Private Partnership (PPP) with Government.

Zimbabwe: Mthuli Ncube Launches Agricultural Commodities Exchange

Tue, 22 Dec 2020 08:28:37 GMT

[New Zimbabwe] THE Zimbabwean government on Monday launched the agricultural commodities exchange that will ensure farmers get market determined prices for their commodities.

Ghana: Ghana Commodity Exchange Lists Rice On Trading Platform

Thu, 17 Dec 2020 17:48:35 GMT

[Ghanaian Times] The Ghana Commodity Exchange (GCX) has added rice contracts to the number of commodities traded on its electronic trading platform.

Tanzania: Joy As Cashew Farmers Pocket 11.6 Billion/-

Wed, 16 Dec 2020 13:09:30 GMT

[Daily News] TANDAHIMBA, Newala Cooperative Union (TANECU) has sold nearly 5390 tonnes of raw cashew nuts worth 11.6bn/, including 710 tonnes that had been rejected by middlemen on claims that the produce were not of good quality.

Rwanda: Govt Issues Licenses to 36 Mining, Quarry Firms

Wed, 16 Dec 2020 12:53:25 GMT

[New Times] Rwanda has licensed more than 30 companies to carry out mining and quarry activities in its latest efforts to boost the mining sector and position it to drive post-Covid-19 economic recovery.

Zimbabwe: Commodities Exchange Pilot Programme in Progress

Fri, 11 Dec 2020 08:58:37 GMT

[The Herald] Business Reporter

Nigeria: SEC Seeks Rules to Enhance Commodities Exchange Operations

Thu, 10 Dec 2020 09:03:53 GMT

[This Day] The Securities and Exchange Commission (SEC) has revealed that it is working to get appropriate rules that will enhance the operations of the commodities and futures exchange.

Zimbabwe: No Govt Plans to Dump Coal Mining, Says Mines Minister Chitando

Thu, 10 Dec 2020 07:02:02 GMT

[New Zimbabwe] GOVERNMENT has no plans at all to stop coal mining and instead plans to make the venture one of its main drivers of the economy, Mines Minister Winston Chitando has said.