Markets
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Ghana’s 2023/24 cocoa output seen almost 40% below target
Ghana’s cocoa output for the 2023/24 season is expected to be almost 40% below a target of 820,000 metric tons,…
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Zimbabwe forecasts huge grain deficit amid El Nino-induced drought
Zimbabwe’s staple maize harvest is expected to halve to 1.1 million tons in 2024 due to an El Nino-induced drought,…
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African commodity exporters in a better position
In 2023, the energy crisis and rising interest rates will drag global GDP growth down to just +1.5%, as slow…
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Ghana Export-Import Bank boosts coconut production
Ghana Export-Import (EXIM) Bank has embarked on a GH¢ 30 million “Coconut for Life” project targeted at increasing the country’s…
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Ghana cocoa crop set for 12-year low after drought
Ghana is heading for its smallest cocoa crop in 12 years after drought withered pods and illegal gold miners damaged…
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Kenya tea prices drop to US$2.24 as volume declines
The average price of tea sold at the Mombasa auction has decreased marginally to US$2.24 (Sh264) per kilogram compared to…
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Cocoa buyers back Ghana, Côte d’Ivoire cocoa premium schemes
Major cocoa buyers have agreed to pay a premium and back a price floor on cocoa sold by Ghana and…
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Zambia plans to cancel over US$2 billion projects to rein in debt
Zambia is cancelling more than US$2 billion worth of projects financed by commercial loans to reduce the risk of accumulating…
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