exports

In an assertive move to recalibrate the international cobalt market, the Democratic Republic of the Congo has laid down the gauntlet by suspending cobalt exports for a minimum duration of four months. This bold decision was announced by the Authority for the Regulation and Control of Strategic Mineral Substances' Markets (ARECOMS), an authoritative body steering the minerals sector. As reported by Reuters, this ban could potentially alter the dynamics of a saturated market. Patrick Luabeya,…

NAIROBI, Kenya (AX) — A fresh initiative is underway with Kenya inaugurating a revamped pricing panel to tackle the plummeting cost of miraa, known as khat in Somalia. This vital cash crop supports thousands of farmers, with the strategy centered around boosting exports to Somalia, the predominant purchaser of Kenyan miraa. The panel's mission is clear: to stabilize miraa and muguka prices and enhance farmer revenues. The nine-strong committee, a brainchild of the Agricultural and Food Authority (AFA), boasts members from…

ISIS Somalia Branch Bolsters Operations with Gold Sales, Reeling in Up to $6 Million AXADLE, Somalia — Nestled in the rugged northeastern Bari region, the Islamic State's Somalia faction has found a lucrative gig — hawking locally mined gold, according to various accounts. Since 2022, these golden ventures have lined the group's coffers to the tune of an estimated $6 million, the International Crisis Group reports. The gold trade orchestrated by ISIS-Somalia shines a light on not just their economic maneuvers but also their…

West African shea exports are currently slower, but they broke their record highs last season. The use of this vegetable fat is increasing, especially in Europe. West Africa exported no less than 500,000 tonnes of shea between August 2019 and July 2020, the campaign's start and end dates. This has just been revealed by the…

In Madagascar, as yearly in November, your entire port metropolis of Tamatave on the east coast vibrates to the rhythm of the lychee skirt. This week, town will stay its final - intense - days of this distinctive marketing campaign on this planet. If the fruit is to be on the tree till January, lychees are picked and ready for…