Tea exports up 41% in January Deccan Herald Kolkata, March 8, DHNS: | India’s tea exports have gone up by 41 per cent in January this year following a global crop shortage that fuelled the demand for Indian tea abroad. | Total exports in January stood at 17 million kg as against 12.02 million kg during the same period last year, data released...
Raw sugar falls, weighed by demand destruction fears The Guardian * Robusta coffee sets new contract lows, system funds short * Egypt buys raw sugar but more physical offtake needed (adds quotes, bylines, updates prices) By Nigel Hunt and David Brough) LONDON, March 8 (Reuters) - Raw sugar futures on ICE fell on Monday, weighed by fears that the high prices seen e...
Africa Is Back All Africa In the wake of the global financial crisis, there is a fresh energy in Sub-Saharan Africa--and a broad consensus on the road ahead. Above all, there is the strong sense that Africa's destiny will be driven by Africans, not by others. | ...
Ghana loses $3m monthly over exclusion of sachet water from ad valorem Joy Online Joy Business has learnt government could have grossed an estimated GH¢3 million each month on the 20 percent tax originally imposed on sachet water. | The amount would have upped the projected revenue for the Value Added Tax Service by 35 percent. | ...
SA Life Assurance Pays N4.74 Billion Claims in 3 Years All Africa Standard Alliance Life Assurance Ltd, a member-company of Standard Alliance Group, has disclosed it paid out N4,74billion as maturities, value and death claims to its affected group and individual life policyholders during its operations covering thr...
Ecobank Gets New Managing Director All Africa The Board of Directors of Ecobank Nigeria Plc has announced the appointment of Mr. Jibril J. Aku as the new Managing Director of Ecobank Nigeria. | ...
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The Birth of the Billionth African Business Day Online Last year Africa's population finally reached a billion, making the continent the second most populated after Asia, mirroring its geographical size as the second largest continent ...
China defends growing links with Africa Business Report | China rejected foreign concerns over its growing energy links with Africa on Sunday, saying it benefits African nations by bringing badly needed trade and infrastructure developm...
Egypt to wait for sugar price to fall to resume buying The Guardian CAIRO, March 7 (Reuters) - Egypt wants to see a further fall in global sugar prices before resuming its raw sugar purchases, an official at the state-owned Sugar and Integrated Ind...
U.S. apologizes to Libya for dismissive comments The Guardian WASHINGTON, March 9 (Reuters) - The U.S. State Department apologized on Tuesday for dismissive comments its spokesman made about Libyan leader Muammar Gaddafi's call for "jihad," often translated as "armed struggle," against Switzerland. "I understan...
'Country Has Huge Investment Opportunities' All Africa The Chairman and Chief Executive Officer of Edmark International, Mr. Sam Low Ban Chai has indicated that Ghana abounds in huge investment opportunities which could be explored by all potential investors. According to Mr. Low, Edmark International is...
Transport Operators Whine about Inspections All Africa The Mozambican authorities have refused to surrender to pressure from transport operators who want the government to abandon or modify the compulsory inspection for all motor vehicles that was introduced on 1 February. | ...
IMF suggests how to raise climate change funds Syracuse | (AP) - NAIROBI, Kenya - The head of the International Monetary Fund on Monday proposed a plan for the world's governments to pool together to raise money needed to adapt to climate change, a rare step for an organization that normally does not develop environmental policies. | IMF Managing Director Dominique Strauss-Kahn said the Fund is concerne...
