Tea prices hit three-month low at Mombasa auction

Tanzania’s tea dealers are depending on private contracts in selling their produce instead of the Mombasa auction.

The volume of Tanzania’s tea exported via Mombasa auction went down further during the past one year as traders change their trading modalities in search of better prices.

>Oil prices, which tumbled again yesterday, are likely to remain low throughout 2015, the World Bank has said.

Long accustomed to cheap utilities and some of the lowest petrol prices in the world, Saudis woke to a shock yesterday as authorities made massive subsidy cuts after falling oil prices caused a record deficit.

The recent slump in commodity prices, due to the slowing Chinese economy, is a cause for concern in copper-rich Zambia.

>Only 18 out of 274 pupils who were selected to join three secondary schools in Mpwapwa District have reported for the new term.

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