KENYA - Kenya Tea Development Agency (KTDA) on Thursday signed a Sh5.5 billion syndicated loan to fund the construction of seven small hydro-dams as part of strategy to tame operational costs at its various factories.
IVORY COAST - A decline in cocoa output in top grower Ivory Coast is forecast to lead to a deficit of 183,000 tonnes in the 2015/16 season, the first shortfall in three years, Ryan Davies, head of cocoa futures trading at ECOM Agrotrade Ltd, said in an interview.
GHANA - Olam International, one of Ghana’s largest agri-commodity companies, has completed its acquisition of Archer Daniels Midland (ADM) Company’s worldwide cocoa business.
KENYA - The price of tea at the Mombasa auction declined marginally this week, reversing an improvement witnessed last week.
LIBERIA - An agronomist at Wienco Liberia Limited (WLL), Eric Asante Antwi, has said that the company is poised to invest US$5m in Liberia's cocoa sector to help boost the production of the crop in the country.
UGANDA - Uganda's coffee is still leading in Africa, an indication that there is an assured international market for the country's top income earner.
GHANA - Cocoa farmers in the forest fringe communities in the municipalities of the Brong Ahafo Region have said that climate change is seriously affecting cocoa production in the Asunafo North Municipality, one of the largest cocoa producing area.
TANZANIA - The coffee sector in the country is headed for hard times following continued low prices offered for the crop both in regional and global markets, sectoral stakeholders have warned.
UGANDA - The Uganda Coffee Development Authority (UCDA) has closed down 48 coffee processing factories in Kayunga District over poor hygiene and processing immature berries.
KENYA - Kenya Tea Development Agency has warned farmers that El Nino rains will lead to a decrease in the price of tea in the next season.
KENYA - Tea consumption in Kenya dropped in the first eight months compared to the corresponding period last year.
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