Exchange rates.(Financial Forecast)
Exchange Rates
The currencies shown below are valued at the middle rates between buying
and selling on 21 September. The rates are an indication of the value
and are not intended to be used as the . . .
Platinum recovers some of its August losses.(Commodity
Report)(Report)(Brief article)
FROM THE NEAR six-month peak of US$1,333 a troy ounce reached on 24
July, spot platinum slipped to US$1,245 by mid-August. However, platinum
has rebounded over the past month, with the spot . . .
Kenyan tea prices ease on lower demand.(Commodity Report)(Brief
article)
KENYAN TEA PRICES generally have been firmer at recent weekly
auctions in Mombasa due to lower auction volumes. However, the start of
the Muslim holy month of Ramadan has begun to impact demand, . . .
Copper trends mixed.(Commodity Report)(Brief article)
AFTER REBOUNDING ABOVE US$8,000 a tonne in late July, London Metal
Exchange (LME) copper subsequently was adversely impacted by the global
equities markets crisis and concerns that the US sub-prime . . .
Cocoa sinks to six-month low.(Commodity Report)
THE LONDON COCOA futures market has remained in the doldrums in
recent weeks following its run-up to a four-and-a-half year high in
early July. The hike came on concerns about the upcoming 2007/08 . . .
Gold eyes ~ 26-year high.(Commodity Report)
IN THE WAKE of the sub prime-mortgage related slide in equities
values in August, gold since has soared to 16-month highs. An ailing US
dollar, which at press time was approaching an all-time low . . .
Robusta coffee revisits nine-year highs.(Commodity
Report)
FOLLOWING THE DIP to a three-month low in August, speculative
buying coupled with near-term supply concerns provided a strong boost
for robusta coffee futures in the first half of September. . . .
Machinery imports reflect African Review coverage.(Commercial
Review)
THE 2007 LEAST Developed Countries Report shows just how
Africa's imports of capital goods over the last 25 years have
consisted mainly of machinery and equipment. In 2004-2005 UNCTAD says
they . . .
Financial reforms help entrepreneurs.(Commercial Review)
SMALLER BUSINESSES IN Africa are enjoying better access to finance
from banks, venture capitalists and other sources. But to really grow
into world-class organisations they will also need training . . .
Uganda hosts Iranian trade show.(Commercial Review)
MORE THAN A dozen Iranian companies participated in the Iran Solo
Exhibition in Uganda IRA FEX, which took place in early September at the
Lugogo show ground. Earlier, Meisam Jabelli, the . . .
SADC to establish free trade area.(Commercial Review)
THE SOUTHERN AFRICAN Development Community will officially launch a
free trade area in August 2008, Mozambique's Minister of Industry
and Trade, Antonio Fernando announced. This follows an . . .
SA missing SADC dimension.(Commercial Review)
SOUTH AFRICA IS scoring a 2010 'own goal' by neglecting a
regional SADC dimension in its contacts with international investors,
says financial service group Imara. SADC assets packaged with . . .
Economic vs population growth in Kenya.(Commercial
Review)
KENYA'S RISING POPULATION growth rate remains a major
impediment to the gains made by the recent economic growth. Economic
planning minister Henry Obwocha told a recent media briefing in . . .
Intra-African trade reviewed.(Commercial Review)
AFREXIMBANK FIGURES SHOW that less than nine per cent of
Africa's total commodity trade in 2005 was
'intra-African', ie taking place within the continent. This
was because the really big . . .
Dramatic rise in remittances from abroad.(Commercial
Review)
RELIANCE ON PRIVATE remittances from abroad has increased
dramatically in recent years says UNCTAD in a report issued 19 July.
Globally they have grown faster than both foreign direct investment . . .
Uganda's Minister of State for Tourism, Serapio Rukundo,
said that his government will able to accommodate all delegates to the
UGANDA'S MINISTER OF State for Tourism, Serapio Rukundo, said
that his government will able to accommodate all delegates to the
Commonwealth Heads of Government Meeting. "The requirement . . .
Emirates Airline Continues.(Briefly)
EMIRATES AIRLINE CONTINUES to increase its services to South Africa
with launch of three additional flights per week to Johannesburg. With
effect from 28 October, the Dubai-based carrier will . . .
The International Airport at Port Harcourt is to re-open for
normal flight operations early in 2008, says a press report quoting
THE INTERNATIONAL AIRPORT at Port Harcourt is to re-open for normal
flight operations early in 2008, says a press report quoting the
Transport Minister. She said construction contractor Julius . . .
The Botswana Power Corporation.(Briefly)
THE BOTSWANA POWER Corporation (BPC) has announced an increase in
electricity tariffs from 1 January. The fixed charge for domestic use
was also increased from P8.58 to P10 while the fixed charge . . .
A Year Since Kenya Railways (KR) signed a concessionary deal with
South African consortium Rift Valley Railways (RVR).(Briefly)
A YEAR SINCE Kenya Railways (KR) signed a concessionary deal with
South African consortium Rift Valley Railways (RVR), efficiency is
slowly returning at the loss-making company. RVR recently paid . . .
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