Apollo Agriculture Unlocks KSh276 mn by Securitizing Smallholder Farmers' Loans
The deal reflects a growing shift in African agricultural finance toward capital markets-based funding structures, where fintech lenders originate and manage credit risk, while institutional investors provide liquidity
New KCC Posts 4th Loss, Farmers Pocket KSh 53.45 a Litre Above Ruto's Directive
New KCC has posted four consecutive pre-tax losses totaling KSh 4.26 billion, drawn KSh 4.55 billion in government grants since FY2021, and received another qualified audit opinions. FY2025 showed a partial gross margin recovery to 15.4% but the pre-tax loss was KSh 1.44 billion and the auditor again flagged going concern doubt.
Del Monte Kenya Tackles Land Disputes, Backs Sustainability
Del Monte Kenya Ltd. has published its 60-Year Impact Report, detailing over KSh 100 billion (US$800 million) in contribution to Kenya’s GDP and the support of nearly 20,000 jobs annuallyKenyan Agritech SokoFresh Lands KSh 65Mn Concessional Loan
SokoFresh will expand storage network across Kenya’s horticultural and staple crop value chains, with projections of reaching roughly 5,000 smallholder farmers annually.Flush with US$15mn, Victory Farms Plans 390-Acre Fish Site in Lake Victoria
Last week, AgDevCo committed a US$ 15mn follow-on investment into Victory Group through a mezzanine loan, its second backing after an initial US$ 4mn investment.Sasini Exits Avocado Processing After Houthi Disruptions Cut Shipments by 69%
Sasini PLC has invited sealed tenders for the sale of its avocado processing and packing plant at Sameer Industrial Park, Nairobi, through subsidiary Sasini Avocado EPZ Limited. The move follows two years of losses in the fruit segment after Houthi attacks on Red Sea shipping reduced container shipments from 71 in FY2024 to just 22 in FY2025. The plant, commissioned in 2021, processes up to 8 tonnes per hour. Tenders close 8 May 2026. Sasini is pivoting toward Asian markets as it retreats from direct processing.Kazakhstan, Oman, Open New Growth Markets for Kenya's Tea
Kazakhstan tea imports recorded an increase of 15.92 Million Kgs (186.92%) while Oman recorded an increase of 13.53 Million Kgs (320.14%).Kakuzi Returns to Profit on KSh 1.07 Bn on Avocado, Macadamia Haul
Kakuzi Plc posted a pre-tax profit of KSh 568.4 Mn for FY2025 after a KSh 166.7 Mn loss in FY2024. Revenue rose 12% to KSh 5.37 Bn, the second-highest in the company's 32-year record. Avocado profit nearly doubled to KSh 709 Mn on 23% higher production despite lower European prices. Macadamia surged to KSh 365 Mn from KSh 69 Mn on a 30% kernel price recovery. Tea swung to a KSh 53 Mn loss. Blueberries turned profitable for the first time. Selling costs surged 47% on Red Sea disruptions, compressing the pre-tax margin to 10.6%. Dividend doubled to KSh 16.State to Buy Local Rice Before Duty-Free Imports Resume
Court has ordered the government to first purchase locally produced rice nationwide before proceeding with the remaining half of a planned 500,000-tonne duty-free importAfrica Mega, Formerly Kenya Orchards, Bets on Global Trade With Dubai Buyer Deal
Africa Mega Agricultural Corp Plc, the Nairobi-listed agribusiness formerly known as Kenya Orchards, is stepping onto a larger global stage after securing an agreement at Gulfood Dubai to onboard more than 1,500 international buyersCounties Can Collect Cess From Agri-Exporters in Special Economic Zones, Court Rules
AfDB Approves US$ 310mn for FirstRand Bank
The African Development Bank (AfDB) has approved a $310 million financial package to FirstRand Bank, a wholly owned subsidiary of the FirstRand Group
