According to the report, oil palm is currently the most consumed edible oil in the world with Malaysia and Indonesia being the top major producers. Indonesia (41.5 million metric tonnes) and Malaysia (39.5 million metric tonnes) accounted for an average of 80.1 percent of global
Waiting along the shores, donning white gumboots and white coats, fish traders wait to offload the Nile perch that has turned profitable for many traders. The fish’s commodity, known as a swim bladder, is used as an aphrodisiac in China and is now being recognized
A least 233,742.473 of tonnes of first-grade cashews have so far been bought by the government at Sh3,300 per kilo from Lindi, Coast, Ruvuma and Mtwara regions. Of the purchased cashews, about 203,938.953 tonnes have already been received at main storehouses while 29,803.52 tonnes of
Proper guidance is needed to sail through the investment environment in Nigeria this year. Coronation Merchant Bank says it’s a tale of two halves. Guy Czartoryski, Head of Research at Coronation Merchant Bank joins CNBC Africa to discuss factors that will impact the investment decisions
BUA Group has announced that it has signed another contract with a cement manufacturing company, CBMI, for the construction of a new three million metric tonnes per annum Kalambaina Cement Line 2 in Sokoto State, North West Nigeria. This comes barely 90 days after the completion
The Bank of Tanzania (BoT) monthly economic review for October shows that prices of coffee increased due to a decline in supply in Eastern South America. On the other side, cotton prices went down largely on account of low demand and an increase in a
By Michael Eboh The Minister of Petroleum, Industry and Mineral Resources of the Kingdom of Saudi Arabia, Khalid Al-Falih, Wednesday, held talks with the Federal Government of Nigeria as parts of the effort to bring about a stabilization in the crude oil price and in
Nigeria is currently the second largest producer of tubers in the world with output level of 109.58mn tonnes after China (176.63mn tonnes). One of such tubers produced is yam of which Nigeria produces 44mn tonnes and accounts for 66.7% of global output. Nigeria’s comparative advantage
South Africa’s Sibanye-Stillwater (JSE: SGL) (NYSE: SBGL) has halted all its gold mining operations in the country after violence broke out overnight during a strike by workers demanding higher wages. Operations at the Driefontein, Kloof and Beatrix mines, major sources of revenue for the precious
Over 90 percent of Nigerian homes do not have Liquefied Petroleum Gas (LPG) cylinders, thus exposing them to health hazards characterizing the use of dirty cooking fuels like kerosene, wood, among others. Out of the 30 million homes in Nigeria, only three million LPG (cooking