"This initiative is not just about improving fuel quality; it's a significant step towards environmental protection and reducing the overall cost of fuel for Ugandans," said Nankabirwa. Under the new policy, fuel dealers must initially blend 5% ethanol into petrol, with plans to gradually increase the proportion to 20%, depending on local supply capacity. Fuel blending involves combining conventional fossil fuels, such as petrol or diesel, with renewable additives like ethanol or biodiesel.
Read MoreOver the period under review, consumption showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 2.5%. Over the period under review, consumption reached the peak volume at 115M tons in 2019; however, from 2020 to 2024, consumption remained at a lower figure. The value of the sugar crop market in Africa expanded remarkably to $163.3B in 2024, picking up by 5.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the market value increased by 6.1% against the previous year. Over the period under review, the market hit record highs at $169.7B in 2022; however, from 2023 to 2024, consumption failed to regain momentum.
Read MoreIndexBox has just published a new report: Africa - Roasted Coffee (Not Decaffeinated) - Market Analysis, Forecast, Size, Trends And Insights. The demand for roasted coffee in Africa is on the rise, leading to a forecasted growth in market volume to 1.9M tons and market value to $13.8B by the end of 2035. Despite a deceleration in market performance, the industry is expected to expand with a CAGR of +1.4% for volume and +2.6% for value from 2024 to 2035.
Read MoreWith geopolitical developments shaping the world, Africa is expectedly changing with the times. It has gone far, particularly with Russia, opened new directions in bilateral economic cooperation after their joint historic summits. It is also time to make a critical appraisals of Russia’s policy towards Africa. By next year 2026, Russia’s strategic plan to ensure and support food security may fade away its its policy mainstream. First and second summits witnessed agreements and declarations signed to tectonic applause with an unwavering decision characterized by increasing food and agricultural products including grains and chicken meat across Africa.
Read MoreThe value of the cashew nut market in Africa surged to $890M in 2024, growing by 19% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $1.5B in 2018; however, from 2019 to 2024, consumption stood at a somewhat lower figure.
Read Moreet coffee and tea remain among the most significant foreign exchange earners for African economies, accounting for over 50–60% of GDP in many countries. “We’ve discussed issues like certification, which impose strict standards before products can be exported. These are mostly consumer-driven requirements from the West, and they add costs that reduce profitability for farmers,” Rebero said in an interview with The New Times at the Coffee and Tea Expo in Kigali on Monday, July 7.ALSO READ: Rwanda showcases its coffee to buyers in America Compliance with EU market standards
Read MoreFARMERS have sold 2 million kilogrammes (kg) of sesame seeds, with the Zambezi Valley catchment leading both the production and sales volume of the crop since the marketing season commenced mid-last month. This surge in sales coincides with calls from contractors advocating for an increase in production of the crop to meet the growing demand from international markets, with countries like Turkey, India and China topping the list. Sesame is increasingly recognised as a key export commodity with the potential to generate substantial foreign currency for Zimbabwe.
Read MoreAfrica's Consumption of Spices In 2024, approx. 2.5M tons of spices were consumed in Africa; which is down by -5.6% compared with the previous year's figure. The total consumption volume increased at an average annual rate of +2.5% from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The volume of consumption peaked at 2.7M tons in 2023, and then fell in the following year.
Read MoreAfrica is steadily rising in prominence and becoming more central within the global oil market. This is according to the regional lender Afreximbank, which, in its July Oil Market Update and Outlook, highlights significant changes and progress underway in the continent’s oil sector.
Read MoreDemand for coffee is growing globally - but despite much of it being grown on the continent, very little is roasted locally to be sold and drunk there. West African Entrepreneur Hadi Beydoun wants to change that. In this week’s special episode of the Next Africa Podcast, Jennifer Zabasajja heads to Abijan in the Ivory Coast to meet Hadi, the founder of Cafe Continent, to find out how he’s planning to bring homegrown, home-roasted coffee to the African market. Then Bloomberg’s Soft Commodities reporter Mumbi Gitau gives her analysis of the state of the global coffee market and Africa’s place in it.
Read MoreAgriculture accounts for roughly a third of Africa’s GDP and provides a livelihood to more than half the continent’s workforce. Yet for millions of African farmers working the land, the promise of prosperity remains elusive due to stubbornly low crop yields. Nowhere is this challenge more apparent than in cereal farming, which includes the cultivation of key commodities like wheat, rice, maize, barley, oats, rye, millet, sorghum, buckwheat, and mixed grains. According to the Food and Agriculture Organization of the UN (FAO), cereal yields in Africa trail the rest of the world by a notably wide margin. In 2023, the continent’s cereal yields stood at 1.7 tonnes per hectare, which is less than half the global average of 4.24. By contrast, Asia achieved cereal yields per hectare of 4.46 tonnes, behind Europe (4.53), South America (4.69) and North America (6.78).
Read Moreocoa-leading region coming off two below-average harvests Industry researchers downgrading their earlier 2025/26 forecasts Flower, young pod mortality rates high, despite improved weather
Read More