AFRICAN & MIDDLE EAST NEWS
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Kakuzi issues second profit warning in two months as macadamia prices fall
The avocado business also came under pressure, with first-half segment profit down 45.3% to KSh215.9 million (US$1.7 million), reflecting lower crop volumes and challenging export conditions.
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Rwanda coffee sets record at US$452 per Kilogram
K-Organics Ltd secured the top bid as 31 specialty coffee lots were sold from 320 samples, with farmers receiving 75% of profits generated from coffee sales.
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Meatco resumes limited slaughter as Namibia’s beef industry battles export disruption
This comes as foot-and-mouth disease restrictions squeeze export revenues, strain cash flow and threaten the wider beef value chain.
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Namibia clears table grape exports to China under new farm deal
The approval creates an opening, but exporters will need to demonstrate consistent quality and a reliable supply before volumes scale.
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Nairobi coffee auction sales rise 27% to US$6.78M
New KPCU and Alliance Berries accounted for 45% of traded coffee, while Sang Young Estate achieved the auction’s highest reported price at Kes 50,076 per bag.