Africa Newsletter 05-14-21

Millers in Kenya have seen a shortage of maize in the market due to local farmers holding onto their stocks in the hope of a better price for their grain. A number of millers have been buying maize at between KES 2,800 and 3,000 per 90 kg bag compared to KES 2,000 previously as report in The Business Daily

Africa Newsletter 04-30-21

The cost of importing goods into Kenya via the sea will see a 20% rise in freight costs as the shortage of shipping containers in China has disrupted global trade as the freight rates for a 40ft container have gone up to almost $6,000 compared to $4,000 in March according to The Business Daily.