Ivory Coast’s Coffee and Cocoa Council (CCC) is introducing reforms aimed at boosting domestic exporters, including by reducing fees they pay when acquiring beans, CCC and industry sources said. The new measures also limit stockpiling of beans by multinational traders that domestic exporters say drive up prices and prevent them...
For Kenyan-based safari operator Safarilink, June is the busiest time of year, as the company’s small planes ferry tourists to national parks in Kenya and Tanzania to witness the majestic annual migration of 2 million animals. This year, the coronavirus outbreak has brought those adventures in Kenya’s Maasai Mara and...
Kenya’s private sector activity inched up in May after falling sharply a month earlier because of restrictions to curb the spread of coronavirus, but conditions are expected to worsen in coming months, a survey showed on Thursday. The Markit Stanbic Bank Kenya Purchasing Managers’ Index (PMI) came in at 36.7,...
Kenya’s shilling is expected to weaken against the dollar this week , while Uganda’s will strengthen, traders said. KENYA The Kenyan shilling could come under pressure from end-of-month dollar demand from the energy sector and multinational companies paying dividends. Commercial banks quoted the shilling at 107.00/20 per dollar, compared with 106.70/90...
Thousands of pregnant girls will attend school in Tanzania as part of a $500-million World Bank loan which had been delayed for years due to the country’s ban on expectant students. Tanzania’s education minister Joyce Ndalichako said the loan aimed to improve access to and the quality of secondary education...
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