Business

Rwamagana and Kayonza districts have over the last one week registered a significant increase in the price of tomatoes by almost 80 per cent in wholesale trading with bulk traders virtually running out of the commodity.The price skyrocketed from Rwf400 a kilogramme the previous month, to Rwf900 in the week under review.

The Burundian government will suspend the taxation of imported food items, as part of measures to tackle high living cost, Burundian President Pierre Nkurunziza said on Monday ahead of May 1, Labour Day celebrations

The average price of the top Kenyan tea grade inched down to $3.47 per kg at auction this week from $3.53 per kg at the previous sale, market participants said.

China’s Gingko Energy Company plans to invest $100 million over a five-year period to revive production at Kilembe copper mine in western Uganda, the African country’s president’s office said.