Recovering commodity prices in the international markets are likely to boost export earnings and spur the economies of East African countries which took a hit following the slump in demand caused by the global financial crisis.
The prices of tea, coffee, gold, and base metals -- which are the leading exports in the region -- have been on the rise thanks to demand from a recovering European states and the resilience of emerging economies led by China and India.
Analysts reckon that investors are also increasingly allocating more resources towards production of commodities due to the uncertainty facing other types of markets.
Economic stimulus packages that have been rolled out in Western countries following the global economic slow-down have boosted demand for commodities, hence sparking a price rally.
Prices of key commodities have risen at a steeper rate in recent months compared to the first half of this year or at the same period last year.
"Commodities' demand is high in BRIC (Brazil, Russia, India and China) countries currently. This should be of benefit to Africa this year and the coming one," Ms Anne-Marie Woolley, director of trade finance and services at Standard Bank Africa.
But while higher prices for exports will be a boon for Kenya, lower production volumes that may result if dry weather conditions dominate in 2010 may offset the gains.
Gold prices shot past the $1200 per ounce mark this month - a 20-per cent rise since September this year - and there are projections it could hit the $1500 soon.
The bullish outlook should benefit Tanzania, whose single largest export has in recent years been gold.
The highly prized mineral is now contributing to 34 per cent of the country's total exports.
All the three east African countries are coffee and tea growers and the agricultural commodity boom is therefore likely to benefit the entire region.
According to World Bank figures, Arabica coffee prices averaged $3.14 in the first 11 months of the years compared to average price of $3.08 a kilo in 2008.
Globally, tea auction prices averaged $2.7 per kilo in the first 11 months of this year compared to an average of $2.42 in 2008.
Mr Godfrey Otieno, an analyst at Sasini Ltd, said tea prices have been on an upward trend and this is expected to continue into the New Year even if there is a slight slide in prices.
Bullish market
"Generally the market for tea has been bullish. As we go into the dry season in January and February, prices tend to go up because supply is lower," said Mr Otieno.
Base metals including copper, lead and zinc and which is Uganda's second largest export after coffee, have also seen prices rise in the past three months.
A major reason for the rise of the prices of commodities is that they are seen as a hedge against the volatility of the equities and property market especially in the developed countries.
This fact was noted in a paper titled, "Global Economic Crisis: The Need For African Government Interventions For Rapid Economic Recovery And Stability", which was presented at the just-ended conference of African Economic Research Consortium in Nairobi on Africa response to the financial crisis by economist Sanni Hassan Taiwo.
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HeyNow Afrikan Family !
On Afrikans Investing In Technology , Afrikans abroad & In Afrika
Should Invest In The Technologies around the world And Have It
Shipped To Afrika With The Know-How To Do It Ourselves.. We
SHOULD NOT just allow countries to come into our countries and build
and settle on our lands. If you will allow a stranger to run your country,
Then you will allow then to run your state. If you will allow a stranger to run your state,
then you will allow them to run your city, your neighborhood, your home, your family,
yourself.. We Black Afrikans will be free , when we stop selling ourselves !!!!!!!
America (The Whore Of Babylon) Is Trying To Re-vive it'as dying
soul via other ASIANS & CAUC - ASIANS , But Prophecy Is
Pronounced :
And in those times there shall many stand up against the king of
the south(AMERICA / BABYLON ): ALSO the ROBBERS OF OUR
PEOPLE shall exalt themselves to establish the vision; BUT
THEY SHALL FALL ! [Daniel 11:14 ]
ATTENTION AFRIKA , you have 300 million citizens spread
abroad that need your help getting back to our roots. While you
are looking to countries like America & China to uplift Afrika, Many
of us Black Afrikans spread abroad are proficient in a lot of useful
technologies. Here is a brief synopsis of some of the inventions
that Black Americans have produced. So please help us to get
home.
BLACK AFRICAN INVENTORS AND THEIR INVENTIONS
* Sarah Boone - IRONING BOARD - April 26, 1892
* John A. Burr - LAWN MOWER
* Marie V. Brittan Brown - HOME SECURITY SYSTEM - Dec 2, 1969
* Buridge & Marshman - TYPEWRITER
* George Carruthers - X-RAY MACHINE
* George Washington Carver - PEANUT BUTTER - PAINTS PAINT STAINS ETC
* W.A. Dietz - SHOE
* P.B. Downing - POSTAL LETTER BOX
* Charles R. Drew - BLOOD PLASMA STORAGE SYSTEM
* T. Elkins - TOILET (COMMODE)
* Robert Flemming Jr. - GUITAR
* George F. Grant - GOLF TEE
* J. Gregory - MOTOR
* Michael Harney - LANTERN
* Augustus Jackson - ICE CREAM
* B.F. Jackson - GAS BURNER
* H.A. Jackson - KITCHEN TABLE
* Ruane Jeter - DIGITAL TOASTER - April 14, 1987
* Isaac R. Johnson - BICYCLE FRAME
* John A. Johnson - WRENCH
* P. Johnson - EYE PROTECTOR (GOGGLES)
* W. Johnson - EGG BEATER
* Frederick M. Jones - DEFROSTER - REFRIGERATION CONTROLS AIR CONDITIONER
* Jones & Long - BOTTLE CAPS
* John H. Jordan - CLOTHES DRESSER
* Mary B. Kenner - SANITARY BELT (TAMPONS) - May 15, 1956
* Mary B. Kenner - BATHROOM TISSUE HOLDER - Nov 19, 1982
* Mary B. Kenner - BACKWASHER ( BATHTUB OR SHOWER MOUNTED) - July 29,1987
* Lewis Latimer & Nichols - ELECTIC LAMP
* W.A. Lavalette - PRINTING PRESS
* Maurice W. Lee PRESSURE COOKER
* A.L. Lewis - WINDOW CLEANER
* John L. Love - PENCIL SHARPENER
* Tony J. Marshall - FIRE EXTINGUISHER
* Alexander Miles - ELEVATOR
* Jan E. Matzeliger - SHOE LASTING MACHINE
* W.A. Martin - LOCK
* Garrett A. Morgan - GAS MASK - Traffic Signal
* Lydia Newman - HAIR BRUSH - Nov 15, 1898
* Alice H. Parker - HEATING FURNACE - Dec 23, 1919
* J.F. Pickering - AIR SHIP (BLIMP)
* Purdy & Sadgwar - FOLDING CHAIR
* W.B. Purvis - FOUNTAIN PEN
* L.P. Ray - DUST PAN
* W.H. Richardson - BABY BUGGY
* G.T. Sampson - CLOTHES DRYER
* .W. Smith - LAWN SPRINKLER
* J. Standard - REFRIGERATOR
* T.W. Stewart - MOP
* Paul E. Williams - HELICOPTER
* Granville T. Woods - Roller Coaster
* Thanks to The Black Inventors Museum *
* Address : P.O. Box 76128 - Los Angeles , Calif. (90076)
* Phone (310) 859-4602)
* Director : Ghanaian Mr. Hamza Salifa
AND
ONE AFRICA TOURS & SPECIALTY SERVICES LTD.
* Major Contributor of Information : SEESTAH Imahkus Nzinga Ababio Okofo
[ http://www.oneafricaghana.com/ ]
P. O. Box CC 1251 - Cape Coast
Ghana - West Africa
What can you do to help us ?
Start with contacting Pan-Afrikanist organizations like BLACK
STAR MEDIA (Modelled after Marcus Garveys Vision For Afrika) : They are at
[ www.libradio.net ]. The CEO of BLACK STAR MEDIA is Keidi-Obi
Awadu. He has been on the frontline fighting for our freedom for
over 30 years.
It's Not A Question Of Other Learned Societies.
It's The INFERIORITY COMPLEX WE HAVE TO SHED
St. Paul In A Letter To The Christians In Rome Said :
" For I say, through the grace given to me, to every man that is
among you, NOT TO THINK OF HIMSELF MORE HIGHLY Than
He Ought To Think; but to think soberly, according AS GOD HAS
D EALT TO EVERY MAN THE MEASURE OF FAITH .
We All Should Think Highly Of Ourselves, Keeping In Our Mind
That God Gave Us Dominion Over The Earth
, NOT EACH OTHER. !!!!!!!!
So let's please help us to return to our Mama Afrika as Israel
under Moses escaped their exile !!!!!!!
MAMA AFRIKA YOUR CHILDREN WANT TO COME HOME !!!!!!!
[Check Out :
WHO BROUGHT THE SLAVES TO AMERICA ?
[ http://isohunt.com/torrent_details/42787621/Who+brought+the+slaves+to+ameri ca?tab=summary]
for full length video
FRITZ SPRINGMEIER A Bold Christian Truthseeker The Top 13 Illuminati Bloodlines
[ http://www.youtube.com/watch?v=k73Q2_f4vKU ]
WAKE UP ! STAY UP MY BROTHERS & SISTERS !
[ www.libradio.net ]
[ www.gcnlive.com]
- Life Is a Game. Have Fun. [ Luke 18:17 / Isaiah 11:6 ] :
HeyNow Afrikan Family !
On Afrikans Investing In Technology , Afrikans abroad & In Afrika
Should Invest In The Technologies around the world And Have It
Shipped To Afrika With The Know-How To Do It Ourselves.. We
SHOULD NOT just allow countries to come into our countries and build
and settle on our lands. If you will allow a stranger to run your country,
Then you will allow then to run your state. If you will allow a stranger to run your state,
then you will allow them to run your city, your neighborhood, your home, your family,
yourself.. We Black Afrikans will be free , when we stop selling ourselves !!!!!!!
America (The Whore Of Babylon) Is Trying To Re-vive it'as dying
soul via other ASIANS & CAUC - ASIANS , But Prophecy Is
Pronounced :
And in those times there shall many stand up against the king of
the south(AMERICA / BABYLON ): ALSO the ROBBERS OF OUR
PEOPLE shall exalt themselves to establish the vision; BUT
THEY SHALL FALL ! [Daniel 11:14 ]
ATTENTION AFRIKA , you have 300 million citizens spread
abroad that need your help getting back to our roots. While you
are looking to countries like America & China to uplift Afrika, Many
of us Black Afrikans spread abroad are proficient in a lot of useful
technologies. Here is a brief synopsis of some of the inventions
that Black Americans have produced. So please help us to get
home.
BLACK AFRICAN INVENTORS AND THEIR INVENTIONS
* Sarah Boone - IRONING BOARD - April 26, 1892
* John A. Burr - LAWN MOWER
* Marie V. Brittan Brown - HOME SECURITY SYSTEM - Dec 2, 1969
* Buridge & Marshman - TYPEWRITER
* George Carruthers - X-RAY MACHINE
* George Washington Carver - PEANUT BUTTER - PAINTS PAINT STAINS ETC
* W.A. Dietz - SHOE
* P.B. Downing - POSTAL LETTER BOX
* Charles R. Drew - BLOOD PLASMA STORAGE SYSTEM
* T. Elkins - TOILET (COMMODE)
* Robert Flemming Jr. - GUITAR
* George F. Grant - GOLF TEE
* J. Gregory - MOTOR
* Michael Harney - LANTERN
* Augustus Jackson - ICE CREAM
* B.F. Jackson - GAS BURNER
* H.A. Jackson - KITCHEN TABLE
* Ruane Jeter - DIGITAL TOASTER - April 14, 1987
* Isaac R. Johnson - BICYCLE FRAME
* John A. Johnson - WRENCH
* P. Johnson - EYE PROTECTOR (GOGGLES)
* W. Johnson - EGG BEATER
* Frederick M. Jones - DEFROSTER - REFRIGERATION CONTROLS AIR CONDITIONER
* Jones & Long - BOTTLE CAPS
* John H. Jordan - CLOTHES DRESSER
* Mary B. Kenner - SANITARY BELT (TAMPONS) - May 15, 1956
* Mary B. Kenner - BATHROOM TISSUE HOLDER - Nov 19, 1982
* Mary B. Kenner - BACKWASHER ( BATHTUB OR SHOWER MOUNTED) - July 29,1987
* Lewis Latimer & Nichols - ELECTIC LAMP
* W.A. Lavalette - PRINTING PRESS
* Maurice W. Lee PRESSURE COOKER
* A.L. Lewis - WINDOW CLEANER
* John L. Love - PENCIL SHARPENER
* Tony J. Marshall - FIRE EXTINGUISHER
* Alexander Miles - ELEVATOR
* Jan E. Matzeliger - SHOE LASTING MACHINE
* W.A. Martin - LOCK
* Garrett A. Morgan - GAS MASK - Traffic Signal
* Lydia Newman - HAIR BRUSH - Nov 15, 1898
* Alice H. Parker - HEATING FURNACE - Dec 23, 1919
* J.F. Pickering - AIR SHIP (BLIMP)
* Purdy & Sadgwar - FOLDING CHAIR
* W.B. Purvis - FOUNTAIN PEN
* L.P. Ray - DUST PAN
* W.H. Richardson - BABY BUGGY
* G.T. Sampson - CLOTHES DRYER
* .W. Smith - LAWN SPRINKLER
* J. Standard - REFRIGERATOR
* T.W. Stewart - MOP
* Paul E. Williams - HELICOPTER
* Granville T. Woods - Roller Coaster
* Thanks to The Black Inventors Museum *
* Address : P.O. Box 76128 - Los Angeles , Calif. (90076)
* Phone (310) 859-4602)
* Director : Ghanaian Mr. Hamza Salifa
AND
ONE AFRICA TOURS & SPECIALTY SERVICES LTD.
* Major Contributor of Information : SEESTAH Imahkus Nzinga Ababio Okofo
[ http://www.oneafricaghana.com/ ]
P. O. Box CC 1251 - Cape Coast
Ghana - West Africa
What can you do to help us ?
Start with contacting Pan-Afrikanist organizations like BLACK
STAR MEDIA (Modelled after Marcus Garveys Vision For Afrika) : They are at
[ www.libradio.net ]. The CEO of BLACK STAR MEDIA is Keidi-Obi
Awadu. He has been on the frontline fighting for our freedom for
over 30 years.
It's Not A Question Of Other Learned Societies.
It's The INFERIORITY COMPLEX WE HAVE TO SHED
St. Paul In A Letter To The Christians In Rome Said :
" For I say, through the grace given to me, to every man that is
among you, NOT TO THINK OF HIMSELF MORE HIGHLY Than
He Ought To Think; but to think soberly, according AS GOD HAS
D EALT TO EVERY MAN THE MEASURE OF FAITH .
We All Should Think Highly Of Ourselves, Keeping In Our Mind
That God Gave Us Dominion Over The Earth
, NOT EACH OTHER. !!!!!!!!
So let's please help us to return to our Mama Afrika as Israel
under Moses escaped their exile !!!!!!!
MAMA AFRIKA YOUR CHILDREN WANT TO COME HOME !!!!!!!
[Check Out :
WHO BROUGHT THE SLAVES TO AMERICA ?
[ http://isohunt.com/torrent_details/42787621/Who+brought+the+slaves+to+ameri ca?tab=summary]
for full length video
FRITZ SPRINGMEIER A Bold Christian Truthseeker The Top 13 Illuminati Bloodlines
[ http://www.youtube.com/watch?v=k73Q2_f4vKU ]
WAKE UP ! STAY UP MY BROTHERS & SISTERS !
[ www.libradio.net ]
[ www.gcnlive.com]
- Life Is a Game. Have Fun. [ Luke 18:17 / Isaiah 11:6 ] :
HeyNow Afrikan Family !
On Afrikans Investing In Technology , Afrikans abroad & In Afrika
Should Invest In The Technologies around the world And Have It
Shipped To Afrika With The Know-How To Do It Ourselves.. We
SHOULD NOT just allow countries to come into our countries and build
and settle on our lands. If you will allow a stranger to run your country,
Then you will allow then to run your state. If you will allow a stranger to run your state,
then you will allow them to run your city, your neighborhood, your home, your family,
yourself.. We Black Afrikans will be free , when we stop selling ourselves !!!!!!!
America (The Whore Of Babylon) Is Trying To Re-vive it'as dying
soul via other ASIANS & CAUC - ASIANS , But Prophecy Is
Pronounced :
And in those times there shall many stand up against the king of
the south(AMERICA / BABYLON ): ALSO the ROBBERS OF OUR
PEOPLE shall exalt themselves to establish the vision; BUT
THEY SHALL FALL ! [Daniel 11:14 ]
ATTENTION AFRIKA , you have 300 million citizens spread
abroad that need your help getting back to our roots. While you
are looking to countries like America & China to uplift Afrika, Many
of us Black Afrikans spread abroad are proficient in a lot of useful
technologies. Here is a brief synopsis of some of the inventions
that Black Americans have produced. So please help us to get
home.
BLACK AFRICAN INVENTORS AND THEIR INVENTIONS
* Sarah Boone - IRONING BOARD - April 26, 1892
* John A. Burr - LAWN MOWER
* Marie V. Brittan Brown - HOME SECURITY SYSTEM - Dec 2, 1969
* Buridge & Marshman - TYPEWRITER
* George Carruthers - X-RAY MACHINE
* George Washington Carver - PEANUT BUTTER - PAINTS PAINT STAINS ETC
* W.A. Dietz - SHOE
* P.B. Downing - POSTAL LETTER BOX
* Charles R. Drew - BLOOD PLASMA STORAGE SYSTEM
* T. Elkins - TOILET (COMMODE)
* Robert Flemming Jr. - GUITAR
* George F. Grant - GOLF TEE
* J. Gregory - MOTOR
* Michael Harney - LANTERN
* Augustus Jackson - ICE CREAM
* B.F. Jackson - GAS BURNER
* H.A. Jackson - KITCHEN TABLE
* Ruane Jeter - DIGITAL TOASTER - April 14, 1987
* Isaac R. Johnson - BICYCLE FRAME
* John A. Johnson - WRENCH
* P. Johnson - EYE PROTECTOR (GOGGLES)
* W. Johnson - EGG BEATER
* Frederick M. Jones - DEFROSTER - REFRIGERATION CONTROLS AIR CONDITIONER
* Jones & Long - BOTTLE CAPS
* John H. Jordan - CLOTHES DRESSER
* Mary B. Kenner - SANITARY BELT (TAMPONS) - May 15, 1956
* Mary B. Kenner - BATHROOM TISSUE HOLDER - Nov 19, 1982
* Mary B. Kenner - BACKWASHER ( BATHTUB OR SHOWER MOUNTED) - July 29,1987
* Lewis Latimer & Nichols - ELECTIC LAMP
* W.A. Lavalette - PRINTING PRESS
* Maurice W. Lee PRESSURE COOKER
* A.L. Lewis - WINDOW CLEANER
* John L. Love - PENCIL SHARPENER
* Tony J. Marshall - FIRE EXTINGUISHER
* Alexander Miles - ELEVATOR
* Jan E. Matzeliger - SHOE LASTING MACHINE
* W.A. Martin - LOCK
* Garrett A. Morgan - GAS MASK - Traffic Signal
* Lydia Newman - HAIR BRUSH - Nov 15, 1898
* Alice H. Parker - HEATING FURNACE - Dec 23, 1919
* J.F. Pickering - AIR SHIP (BLIMP)
* Purdy & Sadgwar - FOLDING CHAIR
* W.B. Purvis - FOUNTAIN PEN
* L.P. Ray - DUST PAN
* W.H. Richardson - BABY BUGGY
* G.T. Sampson - CLOTHES DRYER
* .W. Smith - LAWN SPRINKLER
* J. Standard - REFRIGERATOR
* T.W. Stewart - MOP
* Paul E. Williams - HELICOPTER
* Granville T. Woods - Roller Coaster
* Thanks to The Black Inventors Museum *
* Address : P.O. Box 76128 - Los Angeles , Calif. (90076)
* Phone (310) 859-4602)
* Director : Ghanaian Mr. Hamza Salifa
AND
ONE AFRICA TOURS & SPECIALTY SERVICES LTD.
* Major Contributor of Information : SEESTAH Imahkus Nzinga Ababio Okofo
[ http://www.oneafricaghana.com/ ]
P. O. Box CC 1251 - Cape Coast
Ghana - West Africa
What can you do to help us ?
Start with contacting Pan-Afrikanist organizations like BLACK
STAR MEDIA (Modelled after Marcus Garveys Vision For Afrika) : They are at
[ www.libradio.net ]. The CEO of BLACK STAR MEDIA is Keidi-Obi
Awadu. He has been on the frontline fighting for our freedom for
over 30 years.
It's Not A Question Of Other Learned Societies.
It's The INFERIORITY COMPLEX WE HAVE TO SHED
St. Paul In A Letter To The Christians In Rome Said :
" For I say, through the grace given to me, to every man that is
among you, NOT TO THINK OF HIMSELF MORE HIGHLY Than
He Ought To Think; but to think soberly, according AS GOD HAS
D EALT TO EVERY MAN THE MEASURE OF FAITH .
We All Should Think Highly Of Ourselves, Keeping In Our Mind
That God Gave Us Dominion Over The Earth
, NOT EACH OTHER. !!!!!!!!
So let's please help us to return to our Mama Afrika as Israel
under Moses escaped their exile !!!!!!!
MAMA AFRIKA YOUR CHILDREN WANT TO COME HOME !!!!!!!
[Check Out :
WHO BROUGHT THE SLAVES TO AMERICA ?
[ http://isohunt.com/torrent_details/42787621/Who+brought+the+slaves+to+ameri ca?tab=summary]
for full length video
FRITZ SPRINGMEIER A Bold Christian Truthseeker The Top 13 Illuminati Bloodlines
[ http://www.youtube.com/watch?v=k73Q2_f4vKU ]
WAKE UP ! STAY UP MY BROTHERS & SISTERS !
[ www.libradio.net ]
[ www.gcnlive.com]
- Life Is a Game. Have Fun. [ Luke 18:17 / Isaiah 11:6 ] :